https://www.thebalance.com/current-u-s-f...ue-3305762
will it bring all those qwasi US corporates back into the country to start paying corporate tax ?
150 billion less per year.
the other changes look really good
soo... what is going to be cut by 150 billion per year ?
http://www.bbc.com/news/business-41404415
will it bring all those qwasi US corporates back into the country to start paying corporate tax ?
Quote:Corporate taxes add $355 billion, only 10 percent. Customs excise taxes and tariffs on imports contribute $146 billion, just 4 percent
Quote:Where does the federal government's revenue come from? Individual taxpayers like you provide most of of it.
Income taxes contribute $1.836 trillion, half of the total. Another third ($1.224 trillion) comes from your payroll taxes.
150 billion less per year.
the other changes look really good
soo... what is going to be cut by 150 billion per year ?
http://www.bbc.com/news/business-41404415
Quote:What cuts are in the Republican tax plan?
For businesses:For families:
- Reduce corporate rate from 35% to 20%
- Change tax on overseas profits
- A top 25% rate for firms organised as "pass-through entities", such as limited liability corporations
- Nearly double the amount individuals and families can deduct to $12,000 and $24,000
- Increase tax credit for children
- Introduce a new tax credit for non-child dependents
- Eliminate a tax on inheritances