So small business S-Corps are taxed at 25% and mega billion corporations are taxed at 20%?
Sounds like business as usual.
Scratching my head on that. It should be the other way around as large cap companies have more means to lower their effective tax rates. I’m a pass-through sole proprietor and I have to pay both ends of social security. My effective tax rate is substantially higher than most corporations. My only recourse around this is to shelter a lot of gross income in tax-deferred retirement accounts.
If this is indeed the plan, hit this point the hardest on Repubs. Make them lower it ... lower than the big corp tax. Or, at least make it low and equal.
The optics play right in the Unhinghed Left's anti-capitalist hands!
Yup. Capped? LOL. Just confirms how much the swamp hate the middle class and love their Chamber of Commerce donors. Is the GOP now the party of the corporatist Goldman Sachs state?
Never did make sense. Not intended to. Just wish I had back all those years of 38% I paid in s corp taxes.