The '17 tax bill cut corporate tax rate from 35% to 21% (in the 1950s it was over 50%). The amount corporations *actually* pay is far less (i.e. Amazon found enough loopholes to pay *zero* in federal taxes). The corporate tax rate should return to at least 35%. #EconomicJustice

Jul 12, 2021 · 6:45 PM UTC

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Replying to @marwilliamson
If loopholes are the problem, why not just close the loopholes rather than increase the rates?
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Even witthout the loopholes it's an unfair rate. Years ago corporate taxes made up 33 per cent of public treasury; today only 11 per cent. Why such low rates? Because they're able to basically buy Congress, pure and simple.
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Replying to @marwilliamson
Why are you worried about the Rate? Fix the damn loopholes. Amazon will still pay zero. Do you even read your own Tweets?
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Replying to @marwilliamson
The fact that Amazon escapes the tax code is the fault of the people who write it, most businesses pay much more. You're using all the wrong incentives.
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Replying to @marwilliamson
“I’m one of those Democrats who wants a U.S. government that holds capitalism accountable…” Marianne Williamson
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Replying to @marwilliamson
Monopolists like Bezos, army of lawyers, accountants agree. Tax the Mom and Pop and 35% and Monopolists at 0%. Just like Democrat lockdowns that shut down Mom and Pop and quadrupled Amazon profits.
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Replying to @marwilliamson
The only fair tax is a land value tax
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Replying to @marwilliamson
propublica.org/article/the-s… NSA jeff has immunity, for his tyranny atlasofsurveillance.org/

Atlas of Surveillance

Documenting Police Tech in Our Communities with Open Source Research

atlasofsurveillance.org
Replying to @marwilliamson
How about closing the loopholes?
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