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Democratic Primaries

cstanleytech

(28,612 posts)

1. I would like to see a change to the corporate tax rate though to 2%.

Reply to applegrove (Original post)

Thu Mar 5, 2020, 10:58 PM

Mar 2020

Nope, not kidding but to get it companies have to employee atleast 500 inside the US and each of the people have to make atleast 500% above the federal poverty level.
The more employees the company has that do not make that much then the higher and higher their corporate tax rate climbs with a cap of 70%.
For example
4 to 8 employees its at 4%
8 to 16 it jumps to 8%
16 to 32 it jumps to 16%
32 to 64 it jumps to 32%
64 to 108 it jumps to 64%
108+ it jumps to 70%

Oh and franchises count as employees for the corporations so no hiding behind franchising.

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

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Biden Tax Plan Would Raise $4 Trillion, With High Earners Paying the Most: Analysis [View all] applegrove Mar 2020 OP

I would like to see a change to the corporate tax rate though to 2%. cstanleytech Mar 2020 #1