Business professor discusses 2014 S&P 100 Tax Rate Report
Albert Spalding, associate professor of accounting at Wayne State University School of Business, was featured in WalletHub’s analysis of annual reports for the S&P 100 to compare tax rates and their burdens.
"The best way to increase tax revenue is to foster economic growth," Spalding said. "This, in turn, increases job formation and ultimately disposable income. The current corporate tax structure discourages economic growth in the U.S. as compared to almost anywhere else in the world. It is especially burdensome for small business owners who, because corporate rates are so high, elect to be taxed at the owner level (through S Corporations, limited liability companies, or other forms of organization)."