According to the Wall Street Journal, Kamala Harris keeps changing her tax plan. Her latest proposal is to raise the corporate tax rate to 28% and the top capital-gains tax to roughly 32%, the highest since the 1970s.
Kamala Harris and the knucklehead want all manner of taxes imposed on the American people. Among them is an attack on investments, including 401Ks and the profits from corporations before one investor gets a dime.
Harris wants a 32% corporate tax rate – we’d be uncompetitive worldwide. Add that to state capital gains, and it comes to 36%.
They plan a 28% federal corporate tax and an average of a 5% state and local tax; the government would snatch away roughly 33 cents of every dollar of profit. This leaves 67 cents to the shareholders. Those include over 100 million Americans who own stock directly or through pension and other retirement funds. Every percentage point that Congress and Ms. Harris raise the tax would dilute the value of the stock owned by the rest of us.
Add it all up, and the government would snatch at least 50% of nearly every corporation in America under the Harris tax scheme. That sounds an awful lot like socialism.
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Corporations need to be taxed or you get 20-Trillion in Debt; because Big Corporations are the ones making all the money. The Peons … Are Living On Poverty Wages! It is a work of Abject Insanity that Corporations are not Taxed and can even be Tax Exempt. You cannot tax the poor to give to the Rich. Profits can be Taxed.
Also, if they do not like it then you lock them out of the US markets and tell them to sell their Wares in India! They`ll Learn to Love it Real Quick! There should also be protections in her plan not to tax , unless gains are over 150k, and it should be exempt for individual worker 401k retirement accounts. Capital Gains would be on the Bankers and Hedge Fund Traders/Corporations and Traders!
Kids … Downgrading and running exposes your nakedness. BORING! Come on, TRY don`t CRY!
We got a plan for her too. It’s called voting for Donald J. Trump!!