But that's not a real number! Most corporations get huge tax breaks through loopholes. Idk of any companies that actually pay 35%
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Shouldn't even pay 35% in the first place and let the government spend it on wasteful projects
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The most expensive gov projects have been infrastructure, healthcare, and the military. Somewhere around 66% of budget.
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I recommend you read Milton friedman's books, things have been much worse afterwards anyways
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I suggest you look at the data. Corp. taxes accounts for only 7% of gov spending. Income tax is 33%. The burden is mostly on ppl not corp
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Where did the other 60 come from
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http://usafacts.org/the-big-picture Here's an info graphic where gov rev/spend was aggregated by UPenn and others. Their data avail too if you want it
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Somehow GE turned that 35% tax rate into -5% refund but let's not go there.
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Shilling for Donald again,
@WSJ? Maybe try to be less obvious about it
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Yet most don't pay anything near that rate.
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Boo! US corporations are the biggest recipient of subsidies and corporate welfare. More tax breaks? Go fuck yourself WSJ.
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It's also riddled with loop holes & deductions. Your headline is extremely & purposely misleading; what is actual avg.paid corp. tax rate?
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Jesus you too what do they really pay it's not 35%
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Yeah, but very very very few big Corp pay anywhere near that, more likely they are paying single digit rates. Let's be fair and balanced!
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Such BS WSJ if you can find a company that actually pays that rate I would be dumbfounded - 7% or less when you consider all offshore money
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So called analysis conveniently ignores all the sweet subsidies and tax credits. GE already pays zero tax.
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What's the real corporate tax rate
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and the effective rate? the system is a joke
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Very few companies actually pay 35%. The average is 12% and some companies pay negative taxes. This is incredibly misleading
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