4 ms·
That's the point. USA "advertises" high corp tax so it sounds like government is big and evil and taking all poor corporations profits. But the tax law is so co
by njharman 11y ago
That's the point. USA "advertises" high corp tax so it sounds like government is big and evil and taking all poor corporations profits. But the tax law is so complex and full of holes. Corps actually pay very little. Rich people pay little. The brunt is borne by the masses who don't have the assets/wealth to take advantage of all the loopholes.
It's really rather ingenious.
- GPGPU 11y agoFor every additional dollar I earn, I am taxed at a rate (Federal and State combined) of 52.9%. "Rich" people do pay taxes. In fact, they pay most of the taxes.