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cadoman

(1,611 posts)

4. we poors focus on the rate, but it's the credits & exemptions that determine what is actually paid

Reply to applegrove (Original post)

Fri Sep 17, 2021, 12:45 AM

Sep 2021

Most of the largest and lobbyist-supported corporations just work the exemptions and credits till they're down to 0%.

The actual tax rate is for poors doing simple contracts or running a small business. Elites just call up the ways and means committee and have them create a bunch of loopholes that gives every element of their spending tax friendly status, and a huge slug of direct handouts.

They want us to focus on the rate and pretend like something is happening.

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Tweet of the late night: [View all] applegrove Sep 2021 OP

When is the last time it was 35%? BigmanPigman Sep 2021 #1

2017 - before Cheetolini signed his top-heavy tax cut that December. peppertree Sep 2021 #5

Wow, in 1960 it was 50%. BigmanPigman Sep 2021 #6

Are any corporations in this country paying anywhere near that amount? PoindexterOglethorpe Sep 2021 #2

This never has as much impact on the enonomy as people think because corporations are taxed on everyonematters Sep 2021 #3

we poors focus on the rate, but it's the credits & exemptions that determine what is actually paid cadoman Sep 2021 #4