Author Topic: SALT Deduction  (Read 4514 times)

Offline Kenkoko

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Re: SALT Deduction
« on: April 16, 2019, 03:14:26 AM »
I've got to hand it to Trump. He has everyone so distracted arguing over the insignificant amount of tax cut (or non-tax cut for some) that nobody is noticing the sleight of hand magic our mega companies are pulling off.

Under Trump's tax cut, 60 Fortune 500 companies avoided paying all federal income tax in 2018 (with their total average effective tax rate being roughly -5%)

Overall, In 2018, corporations paid just 7% of their profits as federal taxes.

Keep arguing over the measly amount you saved or didn't save. It's really meaningless since we are all getting robbed.

https://finance.yahoo.com/news/companies-paying-zero-taxes-trump-law-155944124.html

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