Which of the following would best describe taxes on corporations in the United States?
A) Corporate tax rates are relatively high, but the taxes paid are fairly low.
B) Corporate tax rates are relatively low, and the taxes paid are fairly low.
C) Corporate tax rates are relatively high, and the taxes paid are fairly high.
D) Corporate tax rates are relatively low, but the taxes paid are fairly high.
E) Corporate taxes have been effectively eliminated due to tax changes that started under President Reagan.
Correct Answer:
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