A critical provision applies to most U.S. corporations that earn more than $1 billion in profits. While under current law, these firms are subject to a 21% corporate tax rate, many pay less or no federal tax. Under this change, a new minimum 15% tax would apply based on annual income posted in a corporation’s financial statement, rather than the corporation’s taxable income, effective on January 1, 2023. "
Definitely the same as Trump’s tax cuts. Lol. Fucking ignorant trash.
NeArLy ZeRo
"15% corporate minimum tax
A critical provision applies to most U.S. corporations that earn more than $1 billion in profits. While under current law, these firms are subject to a 21% corporate tax rate, many pay less or no federal tax. Under this change, a new minimum 15% tax would apply based on annual income posted in a corporation’s financial statement, rather than the corporation’s taxable income, effective on January 1, 2023. "
Definitely the same as Trump’s tax cuts. Lol. Fucking ignorant trash.
Talk is cheap, and that’s all it will be. When asked, he said rolling back Trump’s tax cuts for the rich were off the table.
Posting isn’t praxis. What solutions are you offering?
Provide the source for that? Cause when I search I find:
https://www.cnbc.com/2023/03/09/president-bidens-proposed-2024-budget-calls-for-top-39point6percent-tax-rate.html
which is the opposite of your claim. Hmm
‘proposed’
We’re almost out of the 4th quarter. Want to go through some corporate tax records to back up your talk?