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Message
re: Increasing corporate tax minimum for EARNED income
Posted on 8/7/22 at 4:16 pm to BBONDS25
Posted on 8/7/22 at 4:16 pm to BBONDS25
quote:Any company with undepreciated capital assets is going to get creamed by this.
They added a minimum of a 15% tax on book income. It absolutely will increase the tax liability for many corporations.
Not only will it increase their current liability, it will GREATLY discourage them from future CAPEX. It's one of the dumbest things Democrats have done in a long time. And that is saying something.
2
Posted on 8/7/22 at 4:18 pm to Taxing Authority
quote:
Not only will it increase their current liability, it will GREATLY discourage them from future CAPEX.
Yep.
Posted on 8/7/22 at 4:19 pm to Taxing Authority
Republicans better fix this at their first opportunity. We're going to see a huge drop in CAPEX until then. Wonder how many cancellation analysis requests I'm going get on Monday. 
"How much would it cost to just shut it all down"?
"How much would it cost to just shut it all down"?
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