Comment by jdminhbg
3 years ago
> (since progressive income tax means that 5 years of tax at $800k < 4 years of tax at $1 million)
This is corporate tax, not income tax, so is not progressive.
3 years ago
> (since progressive income tax means that 5 years of tax at $800k < 4 years of tax at $1 million)
This is corporate tax, not income tax, so is not progressive.
It's not progressive as of 2018, but it may return to being progressive over the next 5 years.
It might, or it might be cut across the board, meaning you paid more by having profit recorded during a time of higher rates. Congress can do anything with those rates.