October 16, 2020

MSNBC:Trump is eyeing another corporate tax cut

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And as Biden noted, many corporations aren’t even paying taxes at the current rate. The Institute on Taxation and Economic Policy released a detailed study in 2018 that found of the Fortune 500 companies, about 400 paid an average tax rate of about 11% — roughly half of the current rate of 21% — thanks to a series of loopholes and giveaways Republicans made no effort to address, and plenty of corporate giants aren’t paying any federal taxes at all. Read more



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