- What’s really driving this proposal is not substantive policy considerations, but the senator's deeply ingrained propensity toward class warfare and envy.
“Companies would pay the current 21% corporate tax rate on earnings up to the amounts they recorded before the pandemic, and then have to pay a 95% rate for profits above those levels,” Bloomberg explains. “The total tax is capped at 75% of a company’s income in a single year. The levy would only apply to corporations with at least $500 million in annual revenue.”Here are three big problems with this radical and misguided proposal.
...3. Profits Are Actually a Good Thing, Not Something to Punish...Read all!
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