politics
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
view the rest of the comments
These people must have hated it when Biden created a 15% minimum corporate tax rate.
If the status quo is any indication, corporate tax rules are largely performative. I would be happy to be wrong about that and see actual enforcement happen as a result of the Inflation Reduction Act, but I'm not gonna hold my breath.
https://itep.org/55-profitable-corporations-zero-corporate-tax/
There is some detailed guidance about the CAMT I found here, but someone with more specific knowledge will have to parse through it to determine how easily they are gonna be able to dodge this, too.
https://www.irs.gov/pub/irs-drop/n-23-20.pdf
First of all NO tax increase is ever "performative". That is a completely meaningless sentence. 2nd, you obviously don't understand how rare and difficult it is to increase taxes. 3rd, you obviously don't understand how critical it is to raise taxes on the wealthy.
Did you click through to the first article I linked? I called them performative because corporations just exploit loopholes to avoid paying their dues anyway.
I understand the importance of raising taxes on the wealthy. However, I also understand that those efforts will be meaningless if they aren't backed up on the enforcement side.
It's not like they were paying the ostensible 12% taxes they owed before.
The entire point of the 15% MINIMUM tax rate is that their are no loopholes around it.
You know nothing about taxes. The rate was reduced by Convicted Rapist Treason Trump from 34% to the current 20%.
It's not Biden's fault that you don't understand or pay attention to crucial current events.
Do go on about how the current tax is 20%.
now lets talk about the 15%- the biggest and most obvious loop hole is that it only applies to corporations that make more than 1 billion in earnings. Which, is actually relatively few. and if you can't think of a way around that for the few that are there, then you probably shouldn't be talking. I can think of a few ways. The easiest is to fork off functional sections into subsidiaries (which then pay their own taxes)
but under no circumstances did Biden do that without his corpo benefactors giving him the go ahead to do so in the first place. Because money is speech and corporations are people... and corporations have a helluvalotta "speech" to give. either to biden or his competitor.
That never happened. You made it up.