Elliott ParkerFor the Nevada Appeal

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September 24, 2011
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Elliott Parker: Are corporate tax rates too high?

Incorporation helps many owners pool their investments into shares of a single firm. As legal fictions, corporations are able to sign contracts and outlive any individual owner, and limited liability means that owners can't lose more than the money they put in to their stock. But as legal persons, corporations are also expected to pay tax on their profits, and since World War II, this tax rate has been significant.

Corporations tend to be larger than other firms: Fewer than one in five business firms are incorporated, but these account for over 80 percent of sales. The federal corporate income …

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The Nevada Appeal Updated Nov 8, 2011 08:49PM Published Sep 24, 2011 09:42PM Copyright 2011 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.