Document Type
Article
Abstract
As the first federal tax was created in 1861 leading to the corporate tax rate being put in place, it is important to understand where the corporate income tax comes from and how it is used within corporations is a common matter that Americans may have now analyzed closely. From how the government spends the additional revenue after the corporate income tax is paid to how large corporations prepare for the upcoming financial period. This is a topic that is used in one's everyday life. This paper will analyze what the government does with the extra revenue when the corporate income tax rate is high. It will also analyze the effects the corporate income tax rate has on large and small businesses, the economy, and civilians.
Publication Date
Spring 5-1-2024
Recommended Citation
Petit, Catherine, "The Effects of High and Low Corporate Income Tax: Comparing and Contrasting" (2024). University Honors College. 16.
https://scholars.indianastate.edu/honorsp/16