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I. Issue: The U.S. federal government provides loopholes that allow wealthy corporations to avoid paying income tax.
II. Premises: Several corporations have been able to avoid paying taxes using federal loopholes
• Income tax plus state, local, and other taxes are expensive.
• If a corporation can avoid paying every tax, then it should.
• Individuals can avoid paying income taxes, too.
2. Replies to Objections
• Wealthy corporations should not be exempt from paying taxes, though individuals at or below the poverty line should be.
III. Solutions: Have Congress go after corporations avoiding paying income tax and revise federal tax law.
IV. Conclusion: The federal government needs to revise its tax laws so that the wealthiest pay the proportionately larger taxes instead of individuals in the lower income brackets.
Why the Federal Government Should Revise Corporate Tax Laws
A common saying is that one percent of Americans control 40 percent of the wealth (Holland; “How the Super Rich Avoid Paying Taxes”). So, if income scale is scaled from lowest income brackets to highest, it should follow that the wealthiest should pay the highest amount of taxes. However, the U.S. federal government provides loopholes that allow wealthy individuals, through the benefits provided to corporations, to avoid paying income, capital gains on common stocks, and estate taxes, among many other benefits....