• Wes4Humanity@lemm.ee
    link
    fedilink
    arrow-up
    10
    ·
    6 months ago

    This is such a good example of the ratchet effect… Trump lowers tax from 35% to 21%, then Biden comes in and only brings it up to 28% solidifying that 21% as a minimum for big corps… Ratchet right, hold there until the next Republican lowers it more

    Corporations should pay the whole bill for a functioning society every quarter… The people should get to decide what a functioning society entails… I don’t care of it’s 1% or 99% of corporate profits, or if it changes every quarter… No exceptions for parking your company in another country, you want to sell your shit in the US, you pay the bill

    • disguy_ovahea@lemmy.world
      link
      fedilink
      arrow-up
      5
      ·
      6 months ago

      It’s 28%, with a 21% minimum. Most corporations deduct far lower. It will generate more revenue from corporations than Obama’s tax system according to the IRS.