The magical island of Cardinal Land has a pay as you go funded Social Security systemwith twice as many workers as retirees and an average benefit level one-half of average wages. The system is currently in balance, with neither a deficit nor a surplus. What is the tax rate?

Cardinal Mania is a C-corporation that pays out all of its profits as dividends to the Stanford alumni that own all of its shares. Assume that Cardinal Mania pays the new corporate tax rate (as of 2018) and that its dividends qualify for the lower federal personal income tax rate of 20% on dividends. If the average state personal income tax rate is 10% (many live in high tax California and New York), what is the tax rate on Cardinal Mania's profits?