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A comment on Biden eyeing tax rate as high as 43.4% in next economic package. Parent comment

Re:Biden eyeing tax rate as high as 43.4% in next economic p... by klyrs on Thursday April 22, 2021 @02:57PM (#26906687)
Better question: what proportion of corporate profits are taxed like that? Because the cheesemonger down the street isn't pulling a Double Irish to avoid taxes on the ~0% of GDP that they're generating.
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Re:Biden eyeing tax rate as high as 43.4% in next economic p... by zepto on Thursday April 22, 2021 @03:23PM (#26907007)
Agreed - I would like to know what the effect would be on regular businesses are growing, not a few giant multinationals.

If people care about this loophole, how about just closing it, rather than taxing everyone else?

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Re:Biden eyeing tax rate as high as 43.4% in next economic p... by klyrs on Thursday April 22, 2021 @03:58PM (#26907431)
How do you close a loophole without bought politicians replacing one loophole with ten?

A bit of an "angels dancing on a pinhead" question, I'll admit

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