Reply #4: Also note that consumer spending [View All]

[dcfirefighter]

typically from home equity, is driving the economy. Do you really want to tax the prime force behind our economy?

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x17134

Not that it will help your friend, but note that corporate taxes are assessed against PROFITS - meaning above and beyond what is required to stay in business: above payroll, above debt service, above cost of raw materials, etc. Theoretically, you could tax 100% of profits without putting any company out of business (theoretically, not actually, and you sure wouldn't see many new companies).