this post was submitted on 23 Aug 2024
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Housing Bubble 2: Return of the Ugly

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Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law (www.nbcnews.com)
submitted 5 months ago by SeattleRain to c/housing_bubble_2
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[–] NatakuNox 7 points 5 months ago (2 children)

Triple that number and we'll be getting somewhere

[–] Lowpast 4 points 5 months ago (1 children)

In almost no situation will a tax that high result in more taxes being collected. Check out the Laffer Curve.

[–] disguy_ovahea 4 points 5 months ago

Correct. The loophole closure proposals in her tax plan will have a much greater impact.