A 20% Tax Rate With a 20% AMT leaves nowhere to hide the profits

Filed in National by on December 5, 2017

This “success by accident” will be fixed, and Congress will figure out how to make their donors happy. In the meantime, it is nice to know that it is possible to pass a tax bill that actually requires corporations to pay up.

The Senate bill brings the normal corporate rate down to 20 percent — while leaving the alternative minimum rate at … 20 percent. The legislation would still allow corporations to claim a wide variety of tax credits and deductions — it just renders all them completely worthless. Companies can either take no deductions, and pay a 20 percent rate — or take lots of deductions … and pay a 20 percent rate.

About the Author ()

Jason330 is a deep cover double agent working for the GOP. Don't tell anybody.

Comments (3)

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  1. mouse says:
    December 5, 2017 at 3:45 pm

    I thought the maggots were killing the AMT and estate tax?

  2. bamboozer says:
    December 5, 2017 at 4:18 pm

    How do you like that? The guy who scribbles in the margins and crosses out whole pages missed a spot, seems it was a rather important spot at that. This ain’t over yet as the house radicals have declared the senate bill not mean and evil enough, and that gives the rest of us a chance to really see what’s in this evil bill from hell.

  3. Mediawatch says:
    December 5, 2017 at 6:06 pm

    Damn liberal media can’t keep fingers off keyboard until conference committee meets. Keep quiet until it’s all over and lobbyists would get paid twice for ensuring the fix and the Senate GOP would be exposed as total fools

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