Question
The current federal income tax rate in the United States can be as high as 37 percent, yet the corporate tax rate is a mere 21 percent. Corporations—especially those with billions of dollars in annual revenues—can afford to shoulder higher rates far better than even higher-income Americans. Furthermore, only the most profitable corporations would be affected by a higher corporate tax rate, resulting in a fairer and more equitable economy. Corporate tax rates were higher than income tax rates in the past; it’s time to raise them once again.Which counterclaim is the fairest and most effective?(1 point)ResponsesSometimes, when the government allows corporations to make more profits, they pass these profits on to their employees, but that does not always happen.Sometimes, when the government allows corporations to make more profits, they pass these profits on to their employees, but that does not always happen.If the government were able to take in more tax revenues by raising corporate tax rates, the money would probably be wasted and not do any good.If the government were able to take in more tax revenues by raising corporate tax rates, the money would probably be wasted and not do any good.It has been shown that the cost of corporate taxes to companies are indirectly paid by their employees, and a tax increase would only cause individuals to suffer.It has been shown that the cost of corporate taxes to companies are indirectly paid by their employees, and a tax increase would only cause individuals to suffer.Many companies have already moved overseas because tax rates are too high, and raising them more would cause this trend to continue.
Answers
GPT-4o mini
The fairest and most effective counterclaim in response to the argument for raising corporate tax rates is: **“It has been shown that the cost of corporate taxes to companies are indirectly paid by their employees, and a tax increase would only cause individuals to suffer.”**
This counterclaim is effective because it addresses the potential economic ramifications of raising corporate tax rates. It suggests that higher corporate taxes could lead to negative outcomes for employees, such as reduced wages, layoffs, or cuts to employee benefits, ultimately shifting the burden of the tax from corporations to individuals. This line of reasoning considers the broader impact on workers and the economy as a whole, making it a compelling counterpoint to the initial argument.
This counterclaim is effective because it addresses the potential economic ramifications of raising corporate tax rates. It suggests that higher corporate taxes could lead to negative outcomes for employees, such as reduced wages, layoffs, or cuts to employee benefits, ultimately shifting the burden of the tax from corporations to individuals. This line of reasoning considers the broader impact on workers and the economy as a whole, making it a compelling counterpoint to the initial argument.