LogFAQs > #932013716

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Topic	91 profitable Fortune 500 companies paid $0 in taxes in 2018 under Trump's tax
ForteEXE3850 12/24/19 4:58:58 PM #8:	Kyuubi4269 posted... The probably didn't pay taxes before then either tho. This. Corporations have been using loopholes to avoid paying taxes for decades. This isn't something that started with Trump. Many corporations pay less tax than middle class citizens. Politicians on both sides are aware of these loopholes but both are unwilling to do anything about them. The argument for keeping the loopholes is if the U.S. won't give the corporations these massive tax breaks than another country will and they'll move there. Whether you agree with that argument is up to you. Although the reason politicians allow it is likely because corporations provide more than significant contributions to their campaign funds (again, both sides). --- Mwahahahaha. <cite>ForteEXE3850 posted [p:932013716] in 91 profita... [t:78279549]...</cite> <quote>Kyuubi4269 posted... </cite> <quote>The probably didn't pay taxes before then either tho.</quote>This. Corporations have been using loopholes to avoid paying taxes for decades. This isn't something that started with Trump. Many corporations pay less tax than middle class citizens. Politicians on both sides are aware of these loopholes but both are unwilling to do anything about them. The argument for keeping the loopholes is if the U.S. won't give the corporations these massive tax breaks than another country will and they'll move there. Whether you agree with that argument is up to you. Although the reason politicians allow it is likely because corporations provide more than significant contributions to their campaign funds (again, both sides). --- Mwahahahaha.</quote> ... Copied to Clipboard!
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