SHIFTING THE BURDEN OF TAXATION FROM THE CORPORATE TO THE PERSONAL LEVEL AND GETTING THE CORPORATE TAX RATE DOWN TO 15 PERCENT

@article{Grubert2016SHIFTINGTB,
  title={SHIFTING THE BURDEN OF TAXATION FROM THE CORPORATE TO THE PERSONAL LEVEL AND GETTING THE CORPORATE TAX RATE DOWN TO 15 PERCENT},
  author={Harry Grubert and Rosanne Altshuler},
  journal={National Tax Journal},
  year={2016},
  volume={69},
  pages={643 - 676}
}
We consider three plans for shifting the tax on corporate income to the personal level to achieve a significant reduction in the corporate tax rate. One plan eliminates the corporate tea and taxes dividends and the annual change in the value of publicly traded financial assets at ordinary rates. The second integrates corporate and shareholder taxes. The third lowers the corporate tax rate to 15 percent and taxes dividends and capital gains as ordinary income. To prevent large reductions in… 
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We propose reducing the corporate tax rate to 15 percent and replacing the foregone revenue with a tax at ordinary income rates on the accrued, or mark-to-market, income of American shareholders of
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