Comment on [HN] U.S. Deficit, Pegged at $1.7T, Effectively Doubled in 2023
JasSmith@sh.itjust.works 8 months agoEven if it results in less tax revenue, and poor people becoming even poorer?
Comment on [HN] U.S. Deficit, Pegged at $1.7T, Effectively Doubled in 2023
JasSmith@sh.itjust.works 8 months agoEven if it results in less tax revenue, and poor people becoming even poorer?
itsonlygeorge@reddthat.com 8 months ago
P.L. 115-97 permanently reduced the 35% CIT rate on ECI to a 21% flat rate for tax years beginning after 31 December 2017.
pgpf.org/…/six-charts-that-show-how-low-corporate…
JasSmith@sh.itjust.works 8 months ago
As I explained above, this is not correct. In fact, the opposite is true. Tax revenue continues to trend up. They did not not decrease after 2014 or 2017.