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Re: The U.S. Treasury saw a 31% drop in corporate tax revenues last year

By: Cactus Flower in ALEA | Recommend this post (0)
Sun, 16 Jun 19 5:58 PM | 16 view(s)
Boardmark this board | The Trust Matrix 		Msg. 30565 of 54959
(This msg. is a reply to 30553 by clo)
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I think they hoped that tax on increased wages would offset loss of corporate tax. But companies bought back stock instead. So I guess they will be hoping for higher capital gains taxes.

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The above is a reply to the following message:
The U.S. Treasury saw a 31% drop in corporate tax revenues last year
By: clo in ALEA
Sun, 16 Jun 19 1:12 PM 		Msg. 30553 of 54959

The U.S. Treasury saw a 31% drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall.

Big businesses paying even less than expected under GOP tax law
Though profits remain up and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

By BRIAN FALER 06/13/2019

http://www.politico.com/story/2019/06/13/big-businesses-pay-less-tax-law-1364591

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