Effective tax rate is what a corporation pays after they utilize all deductions, credits, and other loopholes within the tax code.  For instance, Burger King who just made news this week was paying an effective tax rate of 26%.  So let's not freak out that corporations are over-burdened with CIT.  Most of the large ones simply are not.  

 

In other words, the tax rate may be 35%, but the corporation is actually paying much less off their profits based on the code allowing for credits to these larger corporations.

 

But as you mentioned in another post, it's a corporation's driving factor to make as much for shareholders as possible.  The system has been created to benefit them because they in effect have bought the politicians that make the tax code.  It's a messed up system.

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