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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: Katelew who wrote (32370)9/2/2017 10:36:49 PM
From: Wharf Rat  Read Replies (1) | Respond to of 364371
 
"why then does Wall St. appear to be so excited by a corporate tax cut?"

It's their rates that would be cut, which means higher profits. They're interested in making corporations, not America, great again.



To: Katelew who wrote (32370)9/2/2017 11:06:57 PM
From: TimF  Read Replies (1) | Respond to of 364371
 
The rate isn't 13.5%. That 13.5% is the percentage of total federal revenue from federal corporate income tax.

tradingeconomics.com

taxfoundation.org

I was wrong before when I said the US rate was the highest in the world. The rate in the United Arab Emirates is higher.

Still US rate is 38.9% (apparently with an extra tenth of a percent in Puerto Rico for some reason), while almost every other countries rate is lower, often much lower.


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