Should ratio pay tax replace regular corporate income tax

Asked by: juminrhee
  • Small business friendly

    Ratio paty tax (RPT) would set up how much income a corporation pays based on the ratio between the lowest paid worker and the highest ( usually CEO). Since small businesses tend to have a leader who is not paid exhorbitant amounts in comparison with the lowest employee, the rate for small businesses would effectively be 0%. This would also lead boards of directors to ease off of CEO pay for the good of the company. It would also be good for the society as well since greater equality leads to less crime.
    Example rates:
    1:1-1:5 0%
    1:6-1:10 5%
    1:11-1:20 10%

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