F

F

Back when there were numerous loopholes, deductions, and methods of evasion and nearly none paid that rate? And when they later lowered effective rates, closed loopholes, and ended up collecting more?

Yeah, let’s do that. Let’s incentive finding ways to avoid paying taxes.

This is exactly how you give incentives to higher CEO pay. Record profits? Give all of it to the CEO and you’ll pay none of it to the government. You didn’t mention a higher personal tax rate, so end of the day the CEO wins.

Own an S-Corp? Pass through all profits to yourself and pay 0%.