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-> President Biden so far has not proposed to do away with these tax breaks, but he has proposed a second-best solution—requiring corporations to pay a minimum
by engineer_22 6y ago
-> President Biden so far has not proposed to do away with these tax breaks, but he has proposed a second-best solution—requiring corporations to pay a minimum tax equal to 15 percent of profits they report to shareholders and to the public if this is less than what they pay under regular corporate tax rules. This would be a big improvement because it would finally require all corporations to contribute at least something to support the society that makes their profits possible.
Uhh.... Typo?
- 3np 6y agohow so?
- Rebelgecko 6y agoThe word "less" doesn't seem right in this context... Did they mean more?
- engineer_22 6y agoThat's right.