Increase the Corporate Rate to 25% - American Compass

Increase the Corporate Rate to 25% - American Compass

Estimated Revenue:$498 billion 2024–2034. This estimate is from American Compass’s “Budget Model: First Edition,” which is based on the Congressional Budget Office’s score of single percentage point increases in the corporate tax rate. Summary The corporate tax rate is the percentage of profit that corporations must pay in taxes. These mainly “C” corporations are taxed at a separate rate from their employees and shareholders because they are con…