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Increasing corporate tax minimum for EARNED income

Posted on 8/7/22 at 3:57 pm
Posted by Trevaylin
south texas
Member since Feb 2019
6007 posts
Posted on 8/7/22 at 3:57 pm


This sounds a bit like smoke. Corporations get taken to task for using all deductions approved by the IRS to lower their reported income and pay less tax. Raising the tax rate will not change the way they do deductions to reduce income.
This post was edited on 8/7/22 at 4:02 pm
Posted by BBONDS25
Member since Mar 2008
48894 posts
Posted on 8/7/22 at 3:59 pm to
quote:

they do deductions to hide income


You think deductions hide income?
Posted by coachcrisp
pensacola, fl
Member since Jun 2012
30607 posts
Posted on 8/7/22 at 4:04 pm to
quote:

Corporations get taken to task for using all deductions approved by the IRS to lower their reported income
Ummm...better think that one over.
Posted by oldskule
Down South
Member since Mar 2016
15507 posts
Posted on 8/7/22 at 4:33 pm to
Corporations never pay taxes, you do.
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