[legitster]

A corporate income tax is only slightly more progressive than a flat tax.

A corporate tax rate of 0% but corporate income is passed through to shareholders as personal income seems better in every regard.

[kinghajj]

Isn't that just called a dividend? Or are you suggesting that shareholders owe tax liability for all earned corporate profits, regardless whether any of that is paid to them as a dividend?

[legitster]

Not only that, all income (but eliminate capital gains).

While it may sound a bit revolutionary, this is essentially the tax structure Milton Friedman endorsed.