[Pyxl101]

Why should there be a corporate tax rate at all though? Why not just tax income and leave it at that?

All of the money that corporations earn (and would be taxed on this way) will always be taxed as income before it's distributed to an individual, after all, no? Corporate tax never fully made sense to me.

[ijustlovemath]

Because then they could do accounting to make it look like they're never earning money, and still get taxed nothing.

[scarmig]

The point is that they would be able to earn money without being taxed money anyway. It'd mean fewer accounting tricks, or none.

Those would be shifted to individuals. You'd see an uptick in high earners trying to avoid taxes. It's just a question of whether high earners would be better or worse at hiding income than corporations.

[_heimdall]

Taxing income rather than profit would actually account for that. I'm not sure I'd want to see that change, but you can't employ clever accounting to hide income like you can hide profits.

[c-linkage]

Because companies have ways of avoiding income taxes.

[_heimdall]

Aren't they generally dodging taxes on profit rather than income?