Are you basing the 21% on gross earnings or net? Factoring in any itemized operating expenses? Let’s put it to a very simple scenario.
Let’s say I own a charter fishing business. I charge $2500 a day for my charter 160 days a year bringing my revenue to $400k. Is that what you think I should be paying 21% on?
Now, what if I told you that my daily operating costs were $1500 for fuel, bait, ice, and food? That leaves $1000 a charter. My $400k just went to $160k. Pay a Captain, $60k . Down to $100k. Figure half of that for dock fees, insurance, and MX costs for the boat and tackle.
$50k, is that what I should be paying 21% on?
Now extrapolate that out to large businesses. They’re reducing their corporate taxes by internal investments. The entity, if you think about it is paying a lot of taxes. All of the people they’re employing are paying income taxes. The CEOs turning profits (taxes) for their shareholders (taxes), your 401k (taxed when you retire), and oh, providing healthcare? All services these evil corporations are providing.
You people are dangerous to this country.