Results 1 to 2 of 2
  1. #1 Biden Will Impose Higher Corporate Tax Rate 
    Senior Member Banacek's Avatar
    Join Date
    Mar 2016
    Location
    Peoples Republic of Connecticut
    Posts
    15,661
    During a speech in Pennsylvania yesterday, Joe Biden said this of the U.S. corporate tax rate:

    "I'm gonna raise it back up to 28 percent."

    So even during a pandemic, Biden vowed to raise the current 21 percent U.S. corporate tax rate all the way up to 28 percent -- a 33 percent increase in the rate.

    Biden would impose on Americans a higher corporate tax rate than Communist China’s 25%.

    President Trump and congressional Republicans lowered the federal corporate tax rate from the Obama-Biden era 35 percent rate down to the current 21 percent rate as part of the Tax Cuts and Jobs Act. Before Trump took office, America’s corporate rate was the highest in the developed world.

    Biden also wants to double the capital gains tax to 40 percent for everyone:
    https://www.atr.org/even-pandemic-bi...ommunist-china
    Unknown philosopher at a St. Patrick's Day celebration 1967

    1 beer between 3 guys is better than no beers between no guys
    Reply With Quote  
     

  2. #2  
    Senior Member Angry Old White Man's Avatar
    Join Date
    Jan 2017
    Location
    Swamps of Southern La
    Posts
    3,718
    With a bit of good luck the old MF will die the day before election, no one would miss him except China and the Ukranian mafia.
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •