> The corporation has a profit margin or they would not be taxed.
FYI, that is factually false. Approximately half of all taxes on business re unrelated to profit, or margin. A few of the taxes I, as a small business person, pay each month or quarter:
Social Security and medicare
Federal Unemployment tax
State unemployment tax
State training tax (in some states)
State workforce disability tax (in some states)
--Note all of the above are for hiring people. As the president has said, if you want people do less of something, put a tax on it.
Business personal property tax (Every year, I pay a tax for owning my 15 year old desk, my pens and pencils, my mouse pad
Sales and use tax
Income taxes account for only 20% of tax revenue. 80% of the taxes paid are paid whether they bankrupt the business or not.