Comment on [HN] U.S. Deficit, Pegged at $1.7T, Effectively Doubled in 2023
itsonlygeorge@reddthat.com 8 months agoP.L. 115-97 permanently reduced the 35% CIT rate on ECI to a 21% flat rate for tax years beginning after 31 December 2017.
Comment on [HN] U.S. Deficit, Pegged at $1.7T, Effectively Doubled in 2023
itsonlygeorge@reddthat.com 8 months agoP.L. 115-97 permanently reduced the 35% CIT rate on ECI to a 21% flat rate for tax years beginning after 31 December 2017.
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.