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Brief

Closing Loopholes Won't Be Simple

Eric Toder
February 3, 2011

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Abstract

New York Times' Room for Debate: The United States has one of the world's highest corporate tax rates, but many large U.S. corporations pay little U.S. tax. Eliminating special interest loopholes could pay for some, but not much reduction in the corporate rate. The main problem is that it is hard for one country to tax entities that transcend national boundaries. A better approach would tax more corporate income at the individual shareholder level. The President’s Fiscal Commission and the Bipartisan Policy Center both recommend reducing individual and corporate tax rates and taxing capital gains and dividends as ordinary income.

Research Area

Business Taxes Federal Budget and Economy
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Meet the Experts

  • Eric Toder
    Institute Fellow and Codirector, Tax Policy Center
Research report

New Evidence on The Effect of The TCJA On the Housing Market

Robert McClelland, Livia Mucciolo, Safia Sayed
March 30, 2022
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