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Comment on Corporations Like Nike Paid $0 Federal Tax in 2020 While CEO Pay Soaredparent

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This isn’t a naïve question at all. My suspicion is that corporate taxes exist because they are the only politically-palatable way to impose taxes on the middle class (also known as “where the money is”). However, legal avoidance has gotten so prevalent among larger corporations that the futility of taxing them is becoming more obvious. How that translates into “raise the corporate tax rate”, I couldn’t tell you.

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