but I don't get this?:
Corporate rate would be 20% on gross earnings receipts”
Corporate tax rates should be zero imo .Trump wanted 15% max but got 21% so far from the senate.
What right do you have to Intel's profits? Intel can put a massive , automated , futuristic computer chip plant in the USA or in China .If you and communists/democrats want to harass them with taxes and regulations then Intel will put that plant in China. Do you think a massive Intel chip manufacturing plant would be good for the USA or better in China?
Most people miss the whole concept that the sole purpose of federal taxes is to pay for federal government services.
Want to reduce your federal tax bill?
Pressure your representatives in federal government to start swinging the axe on spending.