One of the 1st Twitter Fact Checks on the Administration: No, it was not 55 corporations, only 14

[notmyfault2020]

Biden says 'let me give you the facts.' Then Twitter fact-checks his misleading claim that bashes corporations. | Blaze Media

President Joe Biden tried to give Americans "the facts" about how the Inflation Reduction Act stops big corporations from skirting tax laws.But he was quickly fact-checked by Twitter for pushing a misleading claim.What did Biden claim?On Friday, the president claimed that 55 corporations that...

www.theblaze.com

bidum said 55 companies making over 1 billion would be taxed 15% to take care of the loophole problem.. companies doing fancy tax work to avoid taxes. Hey, anyone would if he could.. avoid taxes..

But there are only 14 companies, not 55 that will be forced to pay this tax

Liar Lies!

yawn...

 

[Moonglow]

 

[progressive hunter]

Biden says 'let me give you the facts.' Then Twitter fact-checks his misleading claim that bashes corporations. | Blaze Media

President Joe Biden tried to give Americans "the facts" about how the Inflation Reduction Act stops big corporations from skirting tax laws.But he was quickly fact-checked by Twitter for pushing a misleading claim.What did Biden claim?On Friday, the president claimed that 55 corporations that...

www.theblaze.com

bidum said 55 companies making over 1 billion would be taxed 15% to take care of the loophole problem.. companies doing fancy tax work to avoid taxes. Hey, anyone would if he could.. avoid taxes..

But there are only 14 companies, not 55 that will be forced to pay this tax

Liar Lies!

yawn...

let me see if I can figure a way to avoid this tax legally,,,

hey I know,,
all have to do is break my company down to smaller ones that make less than a billion each yr,,

problem solved,,,

 

[DGS49]

There is a basic principle that most American citizens are unaware of, along with an inconvenient fact. First, Corporations tailor their activities to avoid taxes, so when the tax laws change the corporations will make different decisions in reaction to those changed laws. Second, the profits and losses are calculated DIFFERENTLY for the shareholders (and the public), and the IRS. To look at the shareholders' reports and presume that those profits will be taxed is just silly. It is not unusual at all for corporations to show their shareholders a large profit and pay no taxes. All perfectly legal.

 

[notmyfault2020]

let me see if I can figure a way to avoid this tax legally,,,

hey I know,,
all have to do is break my company down to smaller ones that make less than a billion each yr,,

problem solved,,,

why didn't I htink of that?

oh, that's right.. running a business is not my forte'

except I kind of do run a business.. but I won't go into the details.

Anyway, who in his right mind would pay taxes to the wacko gummit if he didn't have to?

 

[notmyfault2020]

There is a basic principle that most American citizens are unaware of, along with an inconvenient fact. First, Corporations tailor their activities to avoid taxes, so when the tax laws change the corporations will make different decisions in reaction to those changed laws. Second, the profits and losses are calculated DIFFERENTLY for the shareholders (and the public), and the IRS. To look at the shareholders' reports and presume that those profits will be taxed is just silly. It is not unusual at all for corporations to show their shareholders a large profit and pay no taxes. All perfectly legal.

explain last sentence, otay?

 

[progressive hunter]

why didn't I htink of that?

oh, that's right.. running a business is not my forte'

except I kind of do run a business.. but I won't go into the details.

Anyway, who in his right mind would pay taxes to the wacko gummit if he didn't have to?

its every americans god given right and duty to pay as little taxs as possible to the government,,,