Quote (foxnews @ 22 Aug 2022 22:50)
Imposes a 15 percent minimum tax on corporate book income for corporations with profits over $1 billion, effective for tax years beginning after December 31, 2022.
An analysis by the Tax Foundation found the increase in corporate taxation would reduce economic output by 0.2%, eliminate close to 30,000 full-time jobs in the U.S. and reduce average after-tax incomes for all Americans over the long run.
I wouldn't say .2% economic impact is "massive" for the individual.
prices rise 15% minimum.
oh it’s targeting book income lol, looks like some expenses are going to be accelerated as well.
a DC foundation said a massive govt tax increase during a recession and record inflation is good. shocker.
this is easy stuff to see through