4 ms·

They will be fine, they find money for buybacks during pandemic recovery, they will find for a minimum 15% tax. Us, the individuals we spit out on average 23%

They will be fine, they find money for buybacks during pandemic recovery, they will find for a minimum 15% tax. Us, the individuals we spit out on average 23% on income taxes in the US, and we also have to buy diapers.

aauchter 4y ago
The point of the article is that US manufacturers in particular will be negatively affected. More so than tech or service industries for example. The reason being that manufactures often have low rates because of accelerated depreciation of investments in capital expenditures (factories and upgrades). The law as it exists today is intentional, and is designed to encourage investment in US manufacturing, this new proposal goes directly against that.
maxwell 4y ago
> we also have to buy diapers. "In the 1950’s nearly 100 percent of babies wore cloth diapers and were potty trained before they hit 18 months. Today, over 90 percent of babies wear disposable diapers and only around 10 percent complete potty training by 18 months." https://pottygenius.com/blogs/blog/the-history-of-potty-training https://pottygenius.com/blogs/blog/the-history-of-potty-trai...
_-david-_ 4y ago
I haven't read much about this and article didn't say, but won't this impact smaller businesses who don't do stock buybacks, assuming they even have stock?
- whatever1 4y ago
  Small businesses are taxed at 21% on a federal level + state taxes, so this law does not affect them. It’s about the big fish who hire tax optimization firms to cook their books on a global scale.
  - cplusplusfellow 4y ago
    Can you put that guarantee for my small business into the law?
    - TheCoelacanth 4y ago
      The proposal applies to companies with a book profit of over $1 billion[1]. Does your small business have more than a billion in profit each year? [1] https://www.pwc.com/us/en/services/tax/library/corporate-book-minimum-tax-proposed-in-budget-reconciliation-bill.html https://www.pwc.com/us/en/services/tax/library/corporate-boo...
      - _-david-_ 4y ago
        Thank you for the information.

aauchter 4y ago

The point of the article is that US manufacturers in particular will be negatively affected. More so than tech or service industries for example. The reason being that manufactures often have low rates because of accelerated depreciation of investments in capital expenditures (factories and upgrades). The law as it exists today is intentional, and is designed to encourage investment in US manufacturing, this new proposal goes directly against that.

maxwell 4y ago

> we also have to buy diapers. "In the 1950’s nearly 100 percent of babies wore cloth diapers and were potty trained before they hit 18 months. Today, over 90 percent of babies wear disposable diapers and only around 10 percent complete potty training by 18 months." https://pottygenius.com/blogs/blog/the-history-of-potty-training https://pottygenius.com/blogs/blog/the-history-of-potty-trai...

_-david-_ 4y ago

I haven't read much about this and article didn't say, but won't this impact smaller businesses who don't do stock buybacks, assuming they even have stock?

whatever1 4y ago
Small businesses are taxed at 21% on a federal level + state taxes, so this law does not affect them. It’s about the big fish who hire tax optimization firms to cook their books on a global scale.
- cplusplusfellow 4y ago
  Can you put that guarantee for my small business into the law?
  - TheCoelacanth 4y ago
    The proposal applies to companies with a book profit of over $1 billion[1]. Does your small business have more than a billion in profit each year? [1] https://www.pwc.com/us/en/services/tax/library/corporate-book-minimum-tax-proposed-in-budget-reconciliation-bill.html https://www.pwc.com/us/en/services/tax/library/corporate-boo...
    - _-david-_ 4y ago
      Thank you for the information.