Yeah, corporate taxes need to be higher. From what I've read, they used to be higher in the past (starting going down big in the 80s if I remember correctly). While that worked for a time, we're probably a lot worse off for it today. If we could even get halfway back to where we used to be, we'd be doing much better IMO. It just needs to be a slow, steady increase over a number of years so we don't immediately sink our economy. And that's coming from a conservative-leaning moderate guy. Although honestly, with the crap that Trump says, I'm feeling more like a liberal-leaning moderate.
My main problem with the system is how much the same money is taxed. A company is taxed, and then a worker's paycheck is taxed, and then when they buy something they are taxed again, and if that something is considered "property" like a vehicle or home, they're continually taxed each year. And there are many other complications, odd scenarios and additional taxes that I'm sure exist to add to that. Things need to be simpler. I think the reason the tax code is so complex is because they're trying to hide how much money they're actually taking from the average person vs. how little money most businesses actually pay in taxes. It's obfuscation at its finest. Then you have small business owners like my wife who runs a rather small-time, in-home daycare and she's paying more percentage-wise than most large corporations. She doesn't get a tax break even though her work is critical for the continuation of society. She doesn't actually have equal representation because she can't pay someone to lobby for her. When you look at it that way, you begin to see how fundamentally broken our system is. We've been trying trickle-down economics for many years and the positive results just aren't there. As is often said, "The definition of insanity is trying the same thing over and over and expecting a different result." IDK if the number is 50% but even 40% would be a good place to start for crying out loud!