Pretty inaccurate actually. Forming a corporation is not reserved for the wealthy. Anyone with 50 bucks can form a corporation. And if you did, how exactly are you only paying half your income tax? I'd love to lower my tax burden If you mean capital gains tax, people in the lowest 2 tax brackets pay zero (long-term) capital gains tax. Higher tax brackets pay either 15 or 20% capital gains. If you raise capital gains, you are basically eliminating some of the incentive for investors to invest in stocks, funds, etc. Investors would pull (some) funds out of the stock market, risking another recession, or worse.