President Biden discusses the new Corporate Alternative Minimum Tax for large corporations in his State of the Union address on February 7, 2023.
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#yahoofinance #shorts #biden
Reading the comments you’d think there’s no stopping corporations especially now that they have the same rights as regular people, more really.
So for all the let’s go Brandon folks. How is the government supposed to make money. T-shirts and ball caps?
Idiocracy in real life. Dumber and dumber.
Always entertaining listening to Fauxchaontas’ blather…she’s every bit as clueless as President Bumblephuk!
Fair ? fair ? what is this a child on the playground ? he voted for those tax structures during his “illustrious” career he has nobody to blame but himself …now lets do pfizer making $ 100 billion last year and how much of that was taxpayers money while he pissed away another $100 billion on the ukraine slush fund
In wich case they’re going to respond by out sourcing..
And United States will lose
100%of jobs….yay..Joe…!!!
FROM A 1/1024TH INDIAN WHO BILKED SYSTEM FOR PERSONAL GAIN? ABOUT A ‘RESIDENT’ WITH 1/1024TH BRAIN CAPACITY?
How about no federal tax for all 🤔
Flat tax. People. Corporations. It’s as simple as that. We all pay the same rate. ATM is just political posturing. It accomplishes nothing. Make the tax code fair and simple. And get rid of the IRS.
Lmao. You dont understand deductions…
@Matt K The flat tax eliminates deductions. I’m pretty sure you just parrot what you hear and say deductions without even understanding the context.
Corporate welfare makes this entire argument for entertainment of voters.
Biden is scarily senile and incompetent.
Two idiots 😂
Reminds me of the ‘windfall profits’ tax of the carter administration and all the ignorance behind that turkey not that I have any respect for liwaratha having much brains or honesty.
Carried interest repeal for Billionaires, its absurd they pay no taxes on their investment income.
AI is replacing humans, so Corporate America can pocket trillions, and everyone will be on welfare. Save your money, and purchase assets now!🤔😳
Lol… Democrats shut down America over a lie about Covid. It’s now one of the greatest transfers of wealth in America’s history. The hypocrisy is amazing
Elizabeth Warren 😍😍😍
They’ve been paying $0 in taxes for decades thanks to politicians like Biden who’s sat in office allowing it for decades.
Here comes some more of bidens price hikes,companies are going to raise prices now to make up for it just like any normal person would
Biden included
I like the way president Biden s speech of corporations, oh man I believe he’s right because during covid crisis , corporations made off huge profits from burdens of Americans doesn’t matter how much they caused Americans .l they care about their own corporations profits
Voting and or politics is the grown up version of writing ✍️ a letter to Santa 🎅
The government mafia wants a piece of the pie to hire more government sloths and buy votes.
You’re going to tell us that that amount of BS Joe Biden was puking out. Was anything but laughing Democrat propaganda blah blah blah blah blah blah blah blah blah mega mega blah blah blah
What a fricken joke
What’s wrong with a flat tax for all? I’m sure a millionaire will tell you how evil a flat tax would be…
All flat tax proposals result in poor people paying more than they do now and rich people paying less than they do now.
@Pure You must be a millionaire
@RedFive Neither of your comments make any sense. Anyone with any common sense understands that a flat tax benefits the wealthy and hurts low income people.
@RedFive Nope. I’m just Asian, I have a natural immunity against stupidity.
Corporation still have to compete, so they can cut some profits, or products, run better or raise prices, or maybe we just give them free access to educated citizens, roads, police, fire etc.
Wait a minute, correct me if I’m wrong when Trump was in large corporations had to pay 31-32% and he dropped it down to 21%. To create more revenue in the companies and give back to the employees and keep companies in the US, meaning manufacturing.
😂 That’s a good one! They don’t give that money back to employees…they give it to upper management / CEO’s in the form of bonuses, stock shares, homes, vehicles, and other perks. Its a nice thought though.
Mentiroso
I thought they were going to tar and feather Joe. And send him out on a pole
Biden is senile.
Democrats are Mental.
Bankahontas?
Why does the left want to drive ALL the big business out of this country? There is no law that says they have to stay and put up with this nonsense. Obama drove out more than his share of businesses, and this clown is doing his best to out do Obama.
Sleepy joe lies and lies and lies
So that mean everything will go up 25% on everyone else
Mister corruption himself.
Look, Pocahontas is wearing someone’s scalp!
The same clowns said that Elon Musk paid 0 in taxes when in reality he has paid more than anyone in history..
Why do those same companies donate millions to your campaign?? Interesting huh?
Lock Biden up
corporate bootlicker
You spelled trump wrong
For wanting to help citizens? Typical GQP “thinking.”
He’s right! They should tax them at 100% so the government can piss away that newly acquired tax money immediately on programs that will do nothing to help the citizenry.
Programs like education and infrastructure? Programs like aid to families? Corporations piss away money on executive salaries.
Yeah, “pissing away” like:
The Cares Act
The Rescue Act
The Chips Act
The Bipartisan Infrastructure Bill
Cutting childhood poverty in half over night with the stroke of a pen (which was later repealed by the GOP)
Capping insulin at 35 bucks
A historic 50 year low in unemployment
Fighting for combat veterans health care
(which the GOP publicly voted down)
Yeah, dude, you’re absolutely right. We should probably just give another 2 trillion tax dollars away to these guys INSTEAD (just like the GOP did under drumpf) That’ll probably benefit the average citizen…yeah…yeah…
@D O Economics 101…..
Corporation’s don’t pay taxes, they pass them on to the consumer!!!
A corporate tax hike, IS A TAX ON THE PEOPLE!!!
@D O 🤣🤣🤣🤣
Biden terrible
Great more Tax money for Govt to squander.
Fauxcahontas LOL
Biden wants you to forget he represented Delaware for 36 years, where 66.8% of fortune 500 companies are incorporated because of their favorable corporate laws, loopholes, and legal framework. No one keeps their seat that long without being in their pocket. How can people be this stupid.
Biden is going after the American drug companies, American Banks, American police officers, your guns as rezifP (got to spell it backward or they block) is from the U.K. and do not have to pay taxes all the new business are owned by foreigners that do not have to pay taxes, defund our police so he can put blue eyed Hitler boys in as police (instead of trying to get poor people out of there drug habitation) shut your banks down so the King of England can own and control all, and once your guns are gone then you will be as China and Russia set up in Canada and the Iranians set up in the south U.K is already setting up so people cannot get into their country so when they hit America with a deadly virus and pass a Law here in America called EUTHANASIA to kill the Americans God bless the only way to get through this is your Faith in Jesus Christ
Don’t the large corporations create the jobs?
No the corporations are the ones that need workers to function. They don’t create jobs, they NEED employees. They just don’t want to pay taxes like the rest of us and we all think that’s unfair. It’s simple really.
Do not believe anything biden said..
Same old democrat lies “Make the rich pay more” Then we have more to give away to illegal aliens and lazy people who dont want to work
YAHOO IS BIAS CRAP. DON’T LISTEN TO IT AND DON’T USE THEIR EMAIL SERVICE. THEY ARE NOT FAIR AND BALANCED AT ALL.
All the evil want to take American peoples money
Communist way
Any corporate tax the government puts on an industry will show up right at the price tag so it’s a hidden consumer tax…
Windfall tax now!
Worst administration in history.
In history? Really? How long you been around? How much do you read other than the parts in the Constitution and the Bible you agree with?
In history? Were you just born yesterday?
don’t understand while there is any tax at all. Our government is currently printing all the money they need.
Procedes from Identity Impersonation should be taxed, Sen E Warren.
After all, you did bump out a legitimate affirmative action candidate.
She should pay that when she sold from the collagist
Hello, most big businesses and the democratic government are sleeping together.
Get rid of the IRS altogether and convert to a “value added tax” system like so many other countries.
Seen how NIKE setup its own company to own the trademark, then has the other company do the manufacturing and selling, then that company pays the other to use the trademark and what does it pay them, exactly what they made from selling the products. Hence they broke even, paying no taxes. The company owning the trademark is setup offshore paying the smallest amount there.
NbaYoungboyForPresidrent!
Yeah Right… Has it happened? No
And then there they goooooooo!!! Overseas 🚤 👋 Then what? 😂
Your part of the problem and you should bet the hell out of office
Funny, this idiot was one of those in power who passed the tax laws giving corporations tax breaks for reinvestment. Corporations are comprised of people. People pay taxes, not corporations. So the money ends up being taxed before distribution to the investors, which include union pension plans. Then if there are distributions to the share holders they receive less and what the do get is also taxed. It’s double taxation. I thought Joe liked unions. By the way, that $40B in corporate profits he’s ranting about is enough to run the U.S. government for just under two days. Joe is always vilifying someone else.
What A Lying A$$Hole!!!
The govt needs to either tax the shareholders or the corporation but not both. It’s double taxation. From the standpoint of keeping are corporations domiciled in the USA it’s better for no corporate income tax.
The IRS allows credits, deductions and exemptions. Why get upset if they use them?
I’m upset because they pay NOTHING. I run my own small business and I pay LITERALLY more in ACTUAL dollars in income tax then 10 multi-billion dollar companies COMBINED. How is that fair? MAYBE we should look into it?
@Douglas Johnson YES! Take away the credits, deductions and exemptions.
BIDEN S THE MAN🇺🇲2024
The more I listen to the garbage these clowns spew, it becomes more clear that the end is near!!
What happen to curing cancer??????????????????????? What a joke this guy is. 😅🤣😂
it’s such a shame that the Republican party has become a bunch of corporate bootlickers
You first Biden.
All talk and to pander to their “eat the rich” voting base. The rich don’t care about being taxed higher because they’re rich, they can afford it. Lmao.
You know he’s lying!
Those corporations pay “zero” in taxes? It’s a deflection. If Biden (praised be He) is so concerned about this, why doesn’t his administration reduce OUR taxes? The reason: his followers are easily played and he knows it. The Envy card works every time.
More for him to funnel thru Ukraine. He is a true POS. Always has been and will be til he dies.
Microsoft and Amazon are ahead of the curve here, they cutting thousands of employees to compensate the little bit of tax liability… Maybe Fetterman would do a better job of explaining this to all the walmart shoppers out there…
Why is my tax rate higher than billion dollar companies?
Precisely.
It’s not. Biden is lying to you
He starts off the idea,he has no ideas because he’s brain-dead
He should be in prison for espionage
Brought to you by China and Pfizer
It’s so sad to read the comments from the hypnotized proles in this comment section. All acting like taxing corporations fairly, will be a bad thing for America. Wake up people. Biden might not go as far as we want, but he’s got the right idea. It’s not going to cost jobs and it’s not money that will be wasted. It’s making the richest, most powerful entities, pay their fair share. It’s that simple, and it ends there.
Not gonna happen. More failed policies by a 50 yr failed politician.
America went to sh!t in just 2 yrs
The recession is here folks gonna make Obamas recession look like a cake walk
Saying corporations pay zero taxes is a lie .
Putting a 50% tax on them will force millions of American citizens to be unemployed when they close down or relocate out of the country . How would any of that increase tax revenue collections ???
Because when taxes on profits increase, business reinvest their profits back into the business so that that profit turns into a business expense that they can write off. To avoid the increased tax rate, they spend profits to expand their business and hire more people. More people working = more taxes coming in.
Why would they spend much more on their business when they can pocket all the profit without worrying about losing it to taxes?
Economics 101….
Day one….
Page 1…..
.
Corporation’s don’t pay taxes, they pass them on to the consumer!!!
A corporate tax hike, IS A TAX ON THE PEOPLE!!!
TAX CORPORATIONS. It’s not as if tax breaks create jobs in THIS COUNTRY. Why should we suffer so wealth can “trickle down” IN CHINA?
55 of the largest companies in America donated to Biden
And guess what we will be stuck paying for that in higher prices overall but watch as millionaires politicians clap because they are exempt from the tax increase
Worst president in my lifetime. EASY
So everything you buy from them will cost 15 percent more?
Thank you GOP! You’re investigations and division Is definitely helping our gas tanks and economy right now… Oh and Hunters investigation, I know it’s going to help us with our struggles and inflation. F Joe Biden.. Who does he think he is passing bills and laws and reforms. How is that supposed to help? What a joke
There is very little that Biden proposes or does that fits within a proper function of government.
There are some things that the government shouldn’t do.
And they’ll still use loopholes and send assets overseas
any words to take money away from people who pay taxes, pay salaries and benefits. Leave them alone.
The top corporate tax rate is 21%.
Internal Revenue Service (IRS) data indicates that the wealthy in America are bearing the heaviest share of the income tax burden than in any time in recent memory.
In case you are thinking, “Well, the rich make more, they should pay more,” the top 1 percent of taxpayers account for 20 percent of all income (AGI). So, their 40 percent share of income taxes is twice their share of the nation’s income.
Biden is lying to you. The facts bear this out. If you choose to keep believing his lies, that’s up to you.
!!!! Biden, Best US President since 2016 !
Total bullshit!
Nov 8 2024 can’t get here soon enough
Billionaires paying 0% in taxes is a total lie. Biden obviously doesn’t think if anybody who makes billions of dollars would take the risk of not paying nothing in taxes just to get the IRS to go after them for tax evasion. Biden hands out lies like candy on Halloween
Biden lies to the American people and liberal media helps punch these lies…. Disgusting 😡
Economics 101…..
Corporation’s don’t pay taxes, they pass them on to the consumer!!!
A corporate tax hike, IS A TAX ON THE PEOPLE!!!