I'm not sure you can generate much if any extra money from that.
Total revenue from income tax was $4.47 trillion in 2023, while only 0.42$ came from corporate tax. If you raise corporate taxes significantly revenue won't increase proportionally since companies will just find more efficient ways to spend money (more investment might somewhat offset that, though).
I'm not sure you can generate much if any extra money from that.
Total revenue from income tax was $4.47 trillion in 2023, while only 0.42$ came from corporate tax. If you raise corporate taxes significantly revenue won't increase proportionally since companies will just find more efficient ways to spend money (more investment might somewhat offset that, though).