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2026-10-23 12:31:06

Jay Kuo via Cory Doctorow

jaykuo@universeodon.com

If someone in your life needs to hear this, here you go.

2026-10-23 15:43:34

six_grandfathers_mountain

six_grandfathers_mountain@mastodon.social

10.4% These 706 corporations collectively paid current federal corporate income taxes equal to just 10.4 percent of their $1.88 trillion in reported U.S. profits. This means that their effective federal income tax rate was less than half the statutory <br />federal corporate income tax rate of 21 percent. This is the lowest effective rate that ITEP has uncovered in over 40 years of analyzing corporate income taxes.

@jaykuo
Re #

Yeah, using #federaltaxdollars to help the people, that's good
But what is giving help to the companies who pay ZERO tax, that's❓#MAGA

Well, blow me down, the #trumpadministration got it down to 10.4 percent #federaltaxes

@samiamsam
Thx 4orig Jay boost

https://itep.org/corporate-tax-avoidance-2025/

2026-10-23 20:44:42

Malcolm Westley

mwestley@toot.cafe

@jaykuo @ZenHeathen

It’s unfortunate that the rightwingers have been able to demonize socialism. Collective action for the common good like public roads is socialism. Using tax dollars to help taxpayers fits my definition of socialism. Either way it beats the current system of everyone hoarding as much money as possible for themselves.