[adventured]

It's part of the absurdity that is the US tax code.

I think it was Bill Clinton (among countless others) that elaborated how the obvious thing to do, is to compress the corporate tax rate down to close to 20%, and eliminate most of the tax gaming (simplification).

We could continue to tax corporations at a reasonably competitive rate (vs the rest of the world), simplify the tax code drastically, and keep tax revenue approximately the same. That we can't seem to do something so obvious, which has lots of support from both parties, draws a pretty big sad face from me.