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Started By
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Clarification please - re: 50+ companies = $40B in taxes
Posted on 4/28/21 at 9:20 pm
Posted on 4/28/21 at 9:20 pm
Biden mentioned 50 or 55 corporations that paid $0 in Federal Taxes & that value was $40B.
Was that $40B EACH or combined?
Was that $40B EACH or combined?
8
Posted on 4/28/21 at 9:21 pm to Tigear
He doesn't know.
Posted on 4/28/21 at 9:21 pm to Tigear
I would love for him to name 3 companies that paid $0 in taxes last year. Hell, name 1, Joe.
Posted on 4/28/21 at 9:22 pm to Tigear
I assume combined, if not, that's a damn big number 
This post was edited on 4/28/21 at 9:23 pm
Posted on 4/28/21 at 9:22 pm to Tigear
Fairly certain his math was:
55 companies * 55 states + one potato = $40B
55 companies * 55 states + one potato = $40B
Posted on 4/28/21 at 9:23 pm to ehidal1
quote:
I would love for him to name 3 companies that paid $0 in taxes last year. Hell, name 1, Joe.
I'm sure they will have ties to trump if anyone presses for these companies
Posted on 4/28/21 at 9:24 pm to Tigear
$4T so far and another $2T on the horizon will be paid off by $40B.
Posted on 4/28/21 at 9:24 pm to Tigear
I thought I heard him say 50 companies that paid 0 in taxes profited $40B.
Which honestly doesn’t sound like much to me, considering how large some of the companies are.
Also, I don’t care with the positive economic impact they have.
Which honestly doesn’t sound like much to me, considering how large some of the companies are.
Also, I don’t care with the positive economic impact they have.
This post was edited on 4/28/21 at 9:26 pm
Posted on 4/28/21 at 9:25 pm to momentoftruth87
quote:
I assume combined, if not, that's a damn big number
That's my point.
If it's 50 * $40B each = $2T. That'll pay for 1 recent massive spending bill...but that can't be the reality.
So, going after $40B to pay down the $2T recently spent plus another $4-$5T already owed & about to be spent....what's the point?!?
Posted on 4/28/21 at 9:25 pm to Tigear
Dunno but in either case if we took 100% of those profits it wouldn’t even make a dent in what he’s been spending.
Posted on 4/28/21 at 9:27 pm to DavidTheGnome
quote:
Dunno but in either case if we took 100% of those profits it wouldn’t even make a dent in what he’s been spending.
This doesn't even include the Jobamacare revamp that is coming. I guarantee they'll try to bring back the fine, even though they say everyone will be covered.
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