Regardless of who wins November's general election we expect higher corporate income tax rates in 2021 or more likely 2022. Today's 21% U.S. corporate tax rate will likely climb back to 35% or higher should Trump win re-election or to 40-45% should Biden win the Presidency. We expect companies to control expenses as a result … Continue reading Higher Corporate Income Tax Rates and Advanced Automation Are Coming
Tag: Income Tax
Take Personal and Corporate Income Tax Rates to Zero
Count TEK2day in the group that is not in favor of quantitative easing after having lived through the 2008 QE period. We favor a reduction of federal corporate and personal income tax rates. In fact, take income tax rates to zero. Institute a "pay-as-you-go" national Sales tax on finished goods and services for both corporations … Continue reading Take Personal and Corporate Income Tax Rates to Zero
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