Trump wants to lower the corporate tax rate again from 21% to 15%

[desjardins]

He already cut the tax rate and essentially gave them a stimulus on top of that via PPA loans, bailouts, and checks to the common man during COVID. The moment rates creeped up those same corporations said fukk the general population and started mass layoffs in order to maintain their record profits and growth projections for the stock market. Trickle down economics doesn't work. It's just a race to the bottom where you give more and more benefits to corporations so that they can "generate jobs" while conditions for the common man, cost of living, and income inequality get worse and worse

He's going try to spin this as keeping manufacturing jobs in America knowing all these corporations will just exploit whatever loopholes they find or do the bare minimum to meet the requirement (if there even are any)

 

[Htrb-nvr-blk-&-ug-as-evr]

What does 'made in USA' even mean?
Right now, 99% of some shyt can be made somewhere else and 1 bolt get put in america and it can be 'made in usa' and get all the credit?

and 21 to 15% corp tax?! Bring back that 52% on some real MAGA shyt

Fact check: Viral post exaggerates corporate tax rates under President Dwight Eisenhower

A viral Facebook post claims the corporate tax rate under Eisenhower was 90%, but the true number was around half of that.

www.usatoday.com

meanwhile...

Federal income tax rates and brackets | Internal Revenue Service

See current federal tax brackets and rates based on your income and filing status.

www.irs.gov

2024 Tax Brackets

Explore the IRS inflation-adjusted 2024 tax brackets, for which taxpayers will file tax returns in early 2025.

taxfoundation.org

Tax Rate	For Single Filers	For Married Individuals Filing Joint Returns	For Heads of Households
10%	$0 to $11,600	$0 to $23,200	$0 to $16,550
12%	$11,600 to $47,150	$23,200 to $94,300	$16,550 to $63,100
22%	$47,150 to $100,525	$94,300 to $201,050	$63,100 to $100,500
24%	$100,525 to $191,950	$201,050 to $383,900	$100,500 to $191,950
32%	$191,950 to $243,725	$383,900 to $487,450	$191,950 to $243,700
35%	$243,725 to $609,350	$487,450 to $731,200	$243,700 to $609,350
37%	$609,350 or more	$731,200 or more	$609,350 or more

This bowel incontinent fukboy better put my shyt at 10% if he gets his funky ass back in office..

 

[Diunx]

Cool, like always they just gonna use the savings to move their operations to third world countries like mine

 

[⭐⭐⭐⭐⭐]

I engage in policy talk, not candidate talk. So if you’re a partisan pom-pom waver you need not reply (because in doing so you will fail to apply yourself, you are experiencing election year cognitive dissonance)

15 percent is closer to Ireland’s rate. this will position more companies to come to America, and likely higher tax receipt - nonetheless, this shouldn’t be the goal but rather it should be to curtail spending and eradicate budget deficits. It seems no matter how much money the government takes in they still run a budget deficit, well that’s not the way you or I operate, it’s unsustainable and it’s robbery on our future generations. The opposite of lowering corporate tax rate results in companies banking off shore

like Apple did … in Ireland. Ireland’s tax rate has attracted a lot of business, and thus tax receipt it otherwise would not have gotten

money goes where money is welcome

Kamala should offer 10 percent corporate tax rate

 

[StatUS]

Even with this every CEO is endorsing Kamala and even Goldman Sachs is rating a potential Kamala economy as more favorable

 

[BigMoneyGrip]

Again Trump is bad for business and the bottom line… Yeah corporate taxes will get cut but long term those tax cuts don’t mean shyt if the companies going bankrupt or out of business… they know Trump don’t know shyt about finances or business… they don’t betting on that clown shyt again

 

[Big Boss]

 

[BaggerofTea]

a lot of industrialists funded and supported hitler in opposition to the left and some were killed after the nazi regime came into power.

yep, a common theme during the spanish revolution and throughout latin and south america

 

[RickyDiBiase]

Even with this every CEO is endorsing Kamala and even Goldman Sachs is rating a potential Kamala economy as more favorable

 

[JackRoss]

explains why the corporate media has been endorsing this guy so heavily. In fact it feels like the entire capitalist class outside of outliers are throwing their weight behind this buffoon.


really need a thread on the connection of fascism - white supremacy - capitalism


All of them work almost synergistically with each other

Corporate media been aware and endoring candidates before Trump. What's the difference between now and the last 100 years?

 

[BaggerofTea]

I engage in policy talk, not candidate talk. So if you’re a partisan pom-pom waver you need not reply (because in doing so you will fail to apply yourself, you are experiencing election year cognitive dissonance)

15 percent is closer to Ireland’s rate. this will position more companies to come to America, and likely higher tax receipt - nonetheless, this shouldn’t be the goal but rather it should be to curtail spending and eradicate budget deficits. It seems no matter how much money the government takes in they still run a budget deficit, well that’s not the way you or I operate, it’s unsustainable and it’s robbery on our future generations. The opposite of lowering corporate tax rate results in companies banking off shore

like Apple did … in Ireland. Ireland’s tax rate has attracted a lot of business, and thus tax receipt it otherwise would not have gotten

money goes where money is welcome

Kamala should offer 10 percent corporate tax rate

You cant even compare the two


Ireland has a high individual tax rate for high net worth individuals

Ireland Tax Data Explorer

Explore Ireland tax data, including tax rates, collections, burdens, and more.

taxfoundation.org

Corporations live in Ireland, not wealthy people precisely for this reason.


America should do the same, but do you agree with this high income taxes?

Thats the only way to balance out the low corporate tax rate

 

[ORDER_66]

These corporations pay little taxes as is on a federal level they send that shyt offshore and have loopholes with tax lawyers that they only pay a fraction in taxes... ijs

 

[dza]

Make America a Tax Haven

 

[Lucky_Lefty]

meanwhile...

Federal income tax rates and brackets | Internal Revenue Service

See current federal tax brackets and rates based on your income and filing status.

www.irs.gov

2024 Tax Brackets

Explore the IRS inflation-adjusted 2024 tax brackets, for which taxpayers will file tax returns in early 2025.

taxfoundation.org

Tax Rate	For Single Filers	For Married Individuals Filing Joint Returns	For Heads of Households
10%	$0 to $11,600	$0 to $23,200	$0 to $16,550
12%	$11,600 to $47,150	$23,200 to $94,300	$16,550 to $63,100
22%	$47,150 to $100,525	$94,300 to $201,050	$63,100 to $100,500
24%	$100,525 to $191,950	$201,050 to $383,900	$100,500 to $191,950
32%	$191,950 to $243,725	$383,900 to $487,450	$191,950 to $243,700
35%	$243,725 to $609,350	$487,450 to $731,200	$243,700 to $609,350
37%	$609,350 or more	$731,200 or more	$609,350 or more

Isn't this the one that expires in '26?

 

[dza]

These corporations pay little taxes as is on a federal level they send that shyt offshore and have loopholes with tax lawyers that they only pay a fraction in taxes... ijs

but those dem shills amirite?