Quote:
Originally Posted by Love2Swim
We're talking about net taxes. According to CBS News, there are at least 60 large corporations that paid no income tax on $79 billion in profits in 2018. Amazon and Netflix should have paid $16 billion alone, but instead got tax REBATES. The new law cut the statutory tax rate to 21 percent, while leaving intact most of the tax breaks and loopholes, which allowed profitable companies to zero out their income taxes.
|
Losses from prior years, tax incentives to invest in the future & employees.................all legit. Corporate Taxes are just a pass-thru.
I'm good with that.