[peterbecich]

The rationale for a low or zero corporate tax is that corporate profits eventually become personal income of the shareholders and employees, and can be taxed there. Nobody builds a for-profit corporation for zero salary or personal profit.

Hypothetically with zero corporate tax, if the corporation paid zero salary, zero dividends, and shareholders never sold anything, the corporation could amass ridiculous amounts of untaxed wealth. But this never seems to happen.

I mean personal income taxes, plus capital gains taxes, taxes on the individual -- I am in favor of; not on the corporate entity.