The Obama administration is proposing to lower the corporate tax rate from 35 to 28 percent. Manufacturers would receive incentives so that their effective tax rate would be 25 percent.

But wait before you give the Regime a because......

The proposal also would eliminate tax loopholes and subsidies that Geithner called "fundamentally unfair."

Hold it there is more.....

One buried surprise, in obama's 2013 budget, is his proposal to triple the tax rate on corporate dividends, which believe it or not is higher than in his previous budgets.
Mr. Obama is proposing to raise the dividend tax rate to the higher personal income tax rate of 39.6% that will kick in next year. Add in the planned phase-out of deductions and exemptions, and the rate hits 41%. Then add the 3.8% investment tax surcharge in ObamaCare, and the new dividend tax rate in 2013 would be 44.8%—nearly three times today's 15% rate.
Keep in mind that dividends are paid to shareholders only after the corporation pays taxes on its profits. So assuming a maximum 35% corporate tax rate and a 44.8% dividend tax, the total tax on corporate earnings passed through as dividends would be 64.1%.

According to the Investment Company Institute, about 51% of adults own stock directly or through mutual funds, which is more than 100 million shareholders. Tens of millions more own stocks through pension funds. Why would the White House endorse a policy that will make these households poorer?

Seldom has there been a clearer example of a policy that is supposed to soak the rich but will drench almost all American families.





http://www.newsmax.com/Newsfront/Obama-CorporateTaxes/2012/02/22/id/430138
http://online.wsj.com/article/SB10001424052970204880404577225493025537660.html?mod=WSJ_hp_LEFTTopStories



Obama Dividend Tax Would Devastate Retirees

Thursday, 23 Feb 2012 09:37 AM

Buried within President Barack Obama’s 2013 budget is a proposal to triple the tax rate on corporate dividends, a move that would have a severe effect on retirees, The Wall Street Journal notes in an editorial.