5 ms·
Not payroll and other taxes. You are talking taxes on corporate profits.
by nightski 4y ago
Not payroll and other taxes. You are talking taxes on corporate profits.
- PaulDavisThe1st 4y agoFairly sure most people would consider that "corporate tax" (even if some other things might also be "corporate tax")
- nightski 4y agoI'm not following, it doesn't really matter what they consider it - I don't remember it being done before (reducing payroll taxes). Currently both the employer and the employee pay a big chunk here. In addition sole proprietors and self employed individuals pay even more.
- PaulDavisThe1st 4y agoI'm a self-employed sole proprietor in the USA. I get to exclude 20% of my income from taxation for no reason other than TFG deemed it a good idea. You appeared to be making a claim that cutting taxes on corporate profits was somehow not cutting corporate taxes.
- nightski 4y agoA sole proprietor isn’t a corporation. I get the 20% deduction as well but it only applies to self employed individuals. All I was saying is I don’t think they have tried cutting corporate taxes other than the main corporate tax rate on profits. I think there was a misunderstanding.