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
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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.
Jul 12, 2021 路 6:48 PM UTC
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