> In my view, the answer is yes. At least at the macro level, there are no unintended consequences in the tax code. Double taxation has been widely known to anybody who has influenced the development of our tax code, for decades.
He's not really asking if that tax rate is intentional.
His real question is doesn't it seem unfair that a business is taxes for 48 cents on every dollar?
In that case, I think the answer depends on whether you favor lower taxes, or higher. I also wonder if it would make sense for business taxes to be progressive, like income taxes.
He's not really asking if that tax rate is intentional. His real question is doesn't it seem unfair that a business is taxes for 48 cents on every dollar?