I recall a recent study on corporate taxes. Varian (which is pretty much
just medical these days) pays about 30%. They were asked to comment and
made some remark about needing to study the tax laws more.
Here is the latest GAO report:
If you restrict it to large companies, then about 30% pay no tax at all.
The results are far worse with all corporations included.
I'd be willing to have a lower tax rate for companies that have no
off-short accounts or subsidiaries.
I wouldn't mind a higher tax rate on capital gains if income averaging
were put back into the tax code. Reagan fucked up the tax code
immensely. Eliminating writing off interest lead to the home equity loan
business, which in turn caused some people to lose their homes. Reagan
was truly the worst president ever. Nearly all modern problems can be
traced back to his administration.