How Trump’s Supposed “Tax Cut” Could Actually Get Companies to Pay More

0 | By Shah Gilani

America’s soon-to-be 45th President, Donald J. Trump, wants to cut the federal income tax rate U.S. corporations pay from 35% to 15%.

While that appears to be a gift to companies who most Americans don’t believe pay their fair share of taxes, it really and truly isn’t.

What it would be is a gift to the federal government, and to you, and to me.

Hardly any U.S. corporations, big or small, pay the 35% federal income tax rate in the first place. In fact, the so-called statutory rate isn’t a flat 35%, it’s a progressive rate that goes from 15% up to 35% depending on how much pre-tax income (before credits) companies make.

The truth is most corporations have a federal effective tax rate (ETR) of about 14%, so making the national rate a flat 15% would be a win-win for the federal government and the average citizen.

Here’s why…

Readers’ Questions That I Couldn’t Help but Answer

0 | By Shah Gilani

The Consumer Financial Protection Bureau, attacked since before it was born and facing a court challenge to its structure, may be dealt a death blow by the incoming Trump administration.

As an important consumer protection agency and the first domino in a line of regulatory agencies about to be pushed over by the deregulatory army heading to Washington, the CFPB needs to survive for the public good and your investment future.

I’ll be showing you how fixing it and not killing it can make regulatory regimes across the U.S. more effective, less intrusive and profitable for you.

Let’s get to it.

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