New Lincoln Project Ad is pretty brutal.
Didn't see this up yet, apologize in advance if this is a repost.
Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law
That used to be the case until 2017. Highest bracket was 39%, but they had a weird system where it went UP until about 350Kish, (Income between 100K~350K) and then the variable rate started dropping again for income past that, back down to 35%. Would have been fair to assume any fortune 500 company not doing shady shit would have paid an effective rate of 35%.
Trump's tax cuts drastically decreased that, down to 21% flat for everyone. 28% would still be a tax cut over what it was up til 2017.
Communist_Synthesizer @lemmy.world
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