A fully-functional corporate income tax code

Corporations will be taxed at a progressive rate based on their net income calculated as follows:

1. A=Total Revenue
2. B=Employee income with varying rates
1. X: Employees that make 50% of the living hourly wage or less will have their total income taxed at 100%.
2. Employees that make at least 50% and below 100% of the living hourly wage will have no deduction on their income.
3. Y: Employees that make at least 100% and below 250% of the living hourly wage will have 100% of their total income deducted from the corporation's taxes.
4. Z: Employees that make at least 250% and below 5000% of the living hourly wage will have 125% of their total income deducted from the corporation's taxes.
5. Employees that make at least 5000% of the living hourly wage will have no deduction on their income.
3. C=Capital Investment in buildings, manufacturing, and other physical assets.
4. D=Amount of money paid to foreigners at rates below the Federal Minimum Wage.
5. E=Total State and foreign taxes

B=X-Y-1.25Z

A+X-Y-1.25Z-C+D-E

A+B-C+D-E equals the taxable income.

Living Hourly Wage is defined as the amount of money needed to be earned per hour to make the cost of living in one year working 1920 hours in one year. (40 hours per week for 48 weeks)

The tax rates are as follows:

1. 0% on taxable income up to 5000 times the cost of living in the state where the corporation is based.
2. 5% on taxable income above 5000 times the cost of living for companies that give their employees at least 5 weeks of paid vacation time and unlimited sick leave.
3. 10% on taxable income above 5000 times the cost of living for companies that give their employees from 4 weeks but less than 5 weeks of paid vacation time and unlimited sick leave.
4. 15% on taxable income above 5000 times the cost of living for companies that give their employees from 3 weeks but less than 4 weeks of paid vacation time and unlimited sick leave.
5. 20% on taxable income above 5000 times the cost of living for companies that give their employees from 2 weeks but less than 3 weeks of paid vacation time and unlimited sick leave.
6. 25% on taxable income above 5000 times the cost of living for companies that give their employees from 1 week but less than 2 weeks of paid vacation time and unlimited sick leave.
7. 30% on taxable income above 5000 times the cost of living for companies that give their employees less than 1 week of paid vacation time and unlimited sick leave.
8. 35% on taxable income above 5000 times the cost of living for companies that do not give their employees unlimited sick leave.