Tax our wealth, super-rich tell politicians at Davos
tburkhol @ tburkhol @lemmy.world Posts 1Comments 610Joined 2 yr. ago
tburkhol @ tburkhol @lemmy.world
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Back in the day, corporate taxes were like 25% of federal revenues. After Trump's tax cuts, it's down to 10%. https://fred.stlouisfed.org/graph/?g=1edSi
High corporate tax rates encourages companies not to have profits - pay their revenues out as wages, research new technologies, build infrastructure. Do useful shit with their gains rather than just sit on big bags of cash.