Former first lady and Secretary of State Hillary Clinton said the wreckage from another Trump presidency would be “almost unimaginable” and likened the former president who beat her in the 2016 ele…
These people must have hated it when Biden created a 15% minimum corporate tax rate.
If the status quo is any indication, corporate tax rules are largely performative. I would be happy to be wrong about that and see actual enforcement happen as a result of the Inflation Reduction Act, but I’m not gonna hold my breath.
There is some detailed guidance about the CAMT I found here, but someone with more specific knowledge will have to parse through it to determine how easily they are gonna be able to dodge this, too.
These people must have hated it when Biden created a 15% minimum corporate tax rate.
If the status quo is any indication, corporate tax rules are largely performative.
First of all NO tax increase is ever “performative”. That is a completely meaningless sentence. 2nd, you obviously don’t understand how rare and difficult it is to increase taxes. 3rd, you obviously don’t understand how critical it is to raise taxes on the wealthy.
Did you click through to the first article I linked? I called them performative because corporations just exploit loopholes to avoid paying their dues anyway.
I understand the importance of raising taxes on the wealthy. However, I also understand that those efforts will be meaningless if they aren’t backed up on the enforcement side.
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These people must have hated it when Biden created a 15% minimum corporate tax rate.
If the status quo is any indication, corporate tax rules are largely performative. I would be happy to be wrong about that and see actual enforcement happen as a result of the Inflation Reduction Act, but I’m not gonna hold my breath.
https://itep.org/55-profitable-corporations-zero-corporate-tax/
There is some detailed guidance about the CAMT I found here, but someone with more specific knowledge will have to parse through it to determine how easily they are gonna be able to dodge this, too.
https://www.irs.gov/pub/irs-drop/n-23-20.pdf
First of all NO tax increase is ever “performative”. That is a completely meaningless sentence. 2nd, you obviously don’t understand how rare and difficult it is to increase taxes. 3rd, you obviously don’t understand how critical it is to raise taxes on the wealthy.
Did you click through to the first article I linked? I called them performative because corporations just exploit loopholes to avoid paying their dues anyway.
I understand the importance of raising taxes on the wealthy. However, I also understand that those efforts will be meaningless if they aren’t backed up on the enforcement side.
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The entire point of the 15% MINIMUM tax rate is that their are no loopholes around it.
You know nothing about taxes. The rate was reduced by Convicted Rapist Treason Trump from 34% to the current 20%.
It’s not Biden’s fault that you don’t understand or pay attention to crucial current events.
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That never happened. You made it up.
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