This project requires some Googling and independent research. It should take you a total of 3-4 hours to properly research, prepare, and edit this assignment. Each answer requires at least one citation, but different answers can share citations. Citations are optional for questions 6-8. All citations must be properly referenced and attached as a PDF document. If you are unsure what I mean by citations and references, please ask. The maximum grade without citations and references will be 3/8. To get the full 8, the insights must be original, insightful, and publishable in CPA Journal. Ideal references include prominent newspapers, professional and academic journals, and government publications. Good, adequate work that is properly cited, referenced (and PDFs attached) will receive 7 out of 8 points.

1. What is the top marginal corporate income tax rate in the U.S.? Please cite your source, reference it, and attach a PDF printout.

2. What was the top marginal corporate income tax rate before TCJA of 2017?

3. Many Democrats believe that the corporate tax rate should be higher. What is their argument?

4. What is an argument in favor of a low corporate tax rate?

5. What is the highest marginal individual income tax rate in the U.S.?

6. Why are corporate taxes lower than individual income taxes?

7. Present an argument for corporate taxes to be higher or equal to the highest individual income tax rates.

8. Present an argument for corporate taxes to be lower than the average individual income tax rate?

References (minimum of 3)