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anythingoes477 · M
Companies can minimize the taxes they pay.............by expanding their facilities, increasing product lines and hiring more people. All 3 are write off business expenses to lower overall tax load.. This how it USED to be. Once Reaguns dropped the corporate tax rates and every Republican has done the same since...........now businesses do not need to expand to lower taxes. No amount of expansion would ever get most corporate giants down to the kind of profitability they now get with a zero to 20% max tax rate. So now they use the 20% tax bracket as a windfall profit to buy back company stock and fire employees and raise CEO pay and bonuses..