Should Corporations Pay Any Taxes At All?

A Government Accounting Office report showed that 61 percent of US corporations paid no federal income taxes from 1996 through 2000, a period of rapid economic growth and rising corporate profits.

The percentage of federal tax collections paid by corporations has tumbled from a high of 39.8 percent in 1943 to a low of 7.4 percent in 2003. But since World War II, the share paid by individual income tax filers has remained relatively stable, bouncing between 40 percent and 50 percent.

They should pay taxes, as long as they are for profit which all corporations are. That said the percentage of taxes paid by these huge corporations should be determined by how well they treat the American worker. For example a company who decides to fire off its American work force to hire more people in India should pay astronomical taxes tp do business here, plus have there goods coming in to this country face should have a huge tariff. Companies that value the American worker, provide benifits, have decent pay for example should pay very little taxes, have no tariff if they are a multinational corporation with plants overseas.

most don't

if they're going to be considered legally independent beings, they should definitely pay taxes.

That study did not break down he difference between Sub C and Sub S corporations.'

Sub S Corporations amount to 65% of all Corporations in America. And they are taxed on the Individual Level not the Corporate level, until a certain Income Level is achieved.
Perhaps a quick study of the Tax Code would help you.
65% of all jobs in America are with Companies of 100 or less workers. Do some research.

You need some basic economics understanding. Consumers are the ones who pay corp taxes. Their taxes are a part of the price you pay for goods and services. Corporate taxes are much different from individual income taxes.

Many are registered in Delaware and now Nevada too. Where they have VERY favorable tax and business laws. There are not only tax advantages but another benefit of incorporating is to protect your personal assets from potential liabilities that could occur in your business. Without the protection provided by a corporation, creditors or other claimants of your business can attach personal assets including garnishment of personal salary, attachment of personal bank accounts, attachment of your home in most states, and seizure of other personal assets,. If you are operating as a sole proprietorship or as a partnership your personal assets are vulnerable. By forming a corporation and following all corporate formalities, you insulate yourself from personal liability. The only amount you have at risk is property and investment that you put into the corporation.