Institute for Economic Taxation and Policy reports that under Trump's billionaire tax cuts, Amazon, Alphabet, Meta, & Tesla collectively paid just 4.9% in federal corporate income tax on $315B in profits. Tesla paid $0.

•That's $51B in tax cuts for just 4 corps from just 1 year

•If they'd paid the original 35% rate their taxes woulda been ~$110B

•Free public college for every American child is ~$75B

45M students get massive debt so 4 billionaire corps get massive tax cuts.

This is America.

0
2
0

If you have a fediverse account, you can quote this note from your own instance. Search https://mastodon.social/users/QasimRashid/statuses/116092898350986782 on your instance and quote it. (Note that quoting is not supported in Mastodon.)