So, let’s consider what may happen in the next two years or so…
I’m talking about the tax changes that will probably occur under the Biden Administration.
Tag Archives: corporate tax rates
The situation is becoming untenable
Ah, yes. The truth- and the dangers- are now becoming obvious.
The GOP was desperate to provide a benefit to their benefactors. So, they lowered the corporate tax rates to a ridiculously low 21%. Even though most corporations never paid the much bandied about 35% rate. (Only professional corporations and small businesses got stuck with that level of taxes. Big corporations always hid- and still do- their profits from the tax man.)
Real Tax Reform- that grows America and it’s businesses!
It’s a truism that reforming the corporate tax rates should encourage businesses to invest in ways to improve their bottom line. That normally means finding a way to enhance productivity. But, that also means the lower rates are part of a program to remove special interests.
Continue reading Real Tax Reform- that grows America and it’s businesses!
Everything but…
Everybody’s talking about it and no one is doing a darn thing about it. No, it’s not the weather. It is our tax system.
Tax Rate Fictions
I am so tired of hearing how corporations pay 35% of their income to the Internal Revenue Service. That fiction needs to stop- now. There are a slew of companies that paid nome o corporate inctaxes in 2012 (and years prior).