I always like to point out that the billionaire tax cut only encouraged companies like this to give higher bonuses to their already rich executives and taking money away from their employees. I’m no accountant, but I’m willing to bet those bonuses factor in to how little taxes the corporation pays.
You want money to trickle down? Tax the executives 70% over $10 million of income. Either the company will take a profit and pay taxes, pay their executive bonuses and the majority will just go to taxes (and the executive will still be filthy fucking rich), OR they will increase how much the bottom earners get who will be paying a much lower amount in taxes.
I always like to point out that the billionaire tax cut only encouraged companies like this to give higher bonuses to their already rich executives and taking money away from their employees. I’m no accountant, but I’m willing to bet those bonuses factor in to how little taxes the corporation pays.
You want money to trickle down? Tax the executives 70% over $10 million of income. Either the company will take a profit and pay taxes, pay their executive bonuses and the majority will just go to taxes (and the executive will still be filthy fucking rich), OR they will increase how much the bottom earners get who will be paying a much lower amount in taxes.
Raise the standard deduction to 100k. Tax anything more at 30%
This does nothing about the issue I presented.