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  • Let's talk about corporate taxes. Always comes back to taxes. Corporate taxes are the taxes imposed on the money made by companies. It's a flat tax, which means it is a set number no matter how much you're making.
  • How about an example to help you understand?
  • Let's say Barry has a company that creates cat toys, and that company makes 100,00 dollars a year. The current income tax is 21% across all income, so 21% of the income is taken away by the government. So he'd only be making $79,000
  • For something such as social security tax, it goes directly to retirement funds. But for corporate income tax,  it can go towards anything, like building a hospital or school.
  • This helps the general populace, because they don't have to pay those particular taxes, but get benefits such as new hospitals, roads, better healthcare, things like that.
  • And now you know what corporate income taxes are. Do whatever you want with this information, I don't care. *meow*
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