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by yequalsx 5166 days ago
Taxes are at a 50 year low. The current deficit is large with most of it coming from non-recurring expenses but with long term deficit of around $500 billion. Corporations are having record profits and are sitting on over $1 trillion in cash. Solution to the problem is easy. Tax more (or spend less but in the present situation that would be more hurtful than raising taxes). It can't be said that taxes are too high unless one is a fanatic that thinks all taxation is theft or evil. A lot of the large U.S. corporations pay no corporate taxes.

Consult Wikileaks cables for how corporations benefit from U.S. soft power and hard power. Apple benefits from being in the U.S. It should pay for this benefit. I don't know the optimum rate. It should not only pay for the tangible, easily understood benefits. It and other corporations benefit from the U.S. exerting its power to their benefit. The U.S. does this quite a bit.