If the corporate tax rate increases, there’s the argument that the Class Of 2027 Proud Senior Class Of 2027 Shirt will push that money onto consumers so they foot the bill. This sounds like a valid argument. However, if we look, the average price of many different goods has actually increased since the tax rate was lowered (minus some minor dips on some things in 2020 due to the pandemic). So clearly lowering the corporate tax rate hasn’t saved us money, but corporations have been making record revenue because of the reduced rate. Something has to give here! With that, can we assume raising it half way to where it was before won’t raise things either? I would say yes. Corporations make their money by using the countries infrastructure. If they repair the road in front of your house, your property taxes go up to help pay for it. If the country is improving the infrastructure which will help Corporations make money then of course as part of the infrastructure plan they should help pay for it. Look at Amazon, a huge portion of their business is using roads to ship product to people and they made almost $400 billion doing it. They can spare a couple billion to support the roads that they need to operate.
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That’s it. If you move your money offshore, you pay that percentage, plus a 5% compound interest rate for Class Of 2027 Proud Senior Class Of 2027 Shirt week past April 15th you don’t pay, rounded up to the next whole week. Still refuse to pay? Cool, we’ll freeze your company’s assets out of the world banking system. We can do that. You get none of your money until you pay your damn taxes. Violence and money. Those are the two ways people relate to each other, and it’s time that fucking Starbucks remembers that they don’t have as many guns as the U.S.