>Hmmm. Perhaps the US could reduce its corporate tax rate in order to be competitive with the countries where tax rates are attracting businesses away from the US?
That's been happening and it's one reason that wealth continues to concentrate toward wealth.
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Should corporate income be taxed twice?>
>Only if you want to encourage it to move away from the US.
My income is taxed more than twice.
My company is in NY but I live in NJ.
I pay NY, NJ tax and US tax.
That's OK because I'm using the services of each of those governments.
If it's OK with me, I just want it to be OK with Apple.
Anyone who does not go overboard- deserves to.
Malcolm Forbes, Sr.