" The New America” is birthing?, page-18

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    35 percent ? Really ?

    https://taxfoundation.org/joe-biden-tax-plan-2020/

    -Increase the corporate income tax to 28%

    -Imposing a new 10 percent surtax on corporations that “offshore manufacturing and service jobs to foreign nations in order to sell goods or provide services back to the American market.”[8] This surtax would raise the effective corporate tax rate on this activity up to 30.8 percent.

    Establishing an advanceable 10 percent “Made in America” tax credit for activities that restore production, revitalize existing closed or closing facilities, retool facilities to advance manufacturing employment, or expand manufacturing payroll.[9]

    Maybe you should sell all your US stocks and stuff the cash under your pillow?


    Last edited by skiptdouglas: 06/01/21
 
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