Who is correct? The bearded guy in the dark shirt? Or the cleanshaven guy in the light top? I want to see how many Americans can work this out. [media=https://youtu.be/JEj8dxav1Fc]
The Work Opportunity Tax Credit is available to any employer hiring workers from ten targeted groups who face significant barriers to employment, including military veterans and former felons. Not one of these groups is based on race, gender, sexual orientation, etc.
So let me get this right. Government agencies get tax cuts, and they're not a part of the government, and they're not agencies, and they get discounts, from the government, because they're not part of the government, and... 🤔🥵🤪🤡💩
@SunshineGirl Corporate income tax is absolutely a thing. The main issue with it is that many of the most profitable corporations use creative accounting and in fact do not pay corporate income tax. Courtesy of https://www.taxnotes.com/opinions/which-corporations-pay-most-federal-income-tax/2023/11/02/7hj31 here is a partial chart of the companies that paid the most over three years. The numbers are an average for the three years, not the grand total.
@SparkleLeaf Well that is why we normally refer to it as corporation tax, which is generally (and inexplicably) levied at a much lower marginal rate than that paid by individuals on their personal income.
There is not much point in a government department paying corporation tax on its regular income as this is derived from tax in the first place and can in no way be described as profit. They do however pay property taxes, sales and transaction taxes, and employment taxes, just like everyone else.