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Corporate Tax Rate

Policy Area

Priority Level

Last Updated

Tax

Short-Term

January 23, 2024

The Policy

The RPC will increase the revenue limit from $500,000[1] to $1,000,000 to qualify for the lower rate, tie the limit to the consumer price index (CPI), gradually increase the higher corporate tax rate to 30% over 30 years, and work rapidly to close loopholes in corporate tax law which allow large successful corporations to avoid paying their fair share.

The Research

Our Broader Stance on:

Money is one of the most powerful tools humans have ever invented. Like many other tools, originally created for the betterment of society, money has been co-opted by a few ultrawealthy (sometimes referred to as Ultra High Net Worth Individuals (UHNWI)) members of society as a weapon they use to exert control of others.

Given that money is only a representation of value, not value itself, and that society frequently makes changes to our financial and economic systems - we need to reform our taxation system to ensure our money is only the means to our other desired ends, not an end unto itself.

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