We have this model already in the form of personal income tax where the individual is allowed to earn $6K (approx)(read bond rate) tax free and then be subject to an increasing rate of tax which is capped at 40% (approx)(read super profit tax)
A similar company tax regime to that of the individual tax rate would leave no benefit for a small single company owner to leave profit in the company rather than draw it in wages.
At present there is over a 10% benefit to leave super profits in the company and some would argue that this is a good thing.Others would argue that this is unfair.
