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Elroy Jetson

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Elroy Jetson

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Re: DewDiligence post# 106218

Monday, 05/29/2023 6:30:21 PM

Monday, May 29, 2023 6:30:21 PM

Post# of 110648
God knows American's primary concern should be the valuation of the companies in your personal portfolio.


I have to take a hard-pass on that.


The Government Accountability Office finds the average effective federal income tax rate paid by large, profitable corporations fell to 9 percent in the first year that the Trump tax law was in effect, and the share of such companies paying nothing at all rose to 34 percent that year.

Even though MMM benefited from this largess, it still wasn't able to make them successful.

We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.

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