The Basics Of It

FELON BRIBEN SAYS HE IS GOING TO RESCIND TRUMP'S "TAX CUTS AND JOBS ACT"

Thanks to Donald Trump’s tax overhaul, Microsoft has brought back a massive $77 billion to the United States. In general, US companies have to pay 35% tax when they bring their offshore money back home. Donald Trump announced a tax cut through which corporations can enjoy a one-time 15.5 percent tax rate on cash and 8 percent on non-cash or illiquid assets, regardless of the country from where the money is brought back.

In 2018, US corporations as a whole brought back $665 billion. It looks like more than 10% of that number was contributed by Microsoft. With this transaction, Microsoft’s total cash balance outside the US will be less than $70 billion.

77% OF THE TRUMP TAX CUTS WENT TO INDIVIDUALS, 86% OF THAT 77% WENT TO THE MIDDLE CLASS
LARGEST PERCENT OF THE TAX CUT WENT TO AMERICANS MAKING $20K TO $30k PER YEAR

I agree with what you are saying, I really don't think Biden knows anything about finance, and the economy is questionable as well. Although I'm starting to question if this is not a vicious plan to make all American citizens as poor as possible, taking our freedom away and giving the government more power over us.

Money Trump brought back is money they can tax... Thank you President Trump

Yes, I know that. And because they brought the jobs back here income tax is in there too. So Biden is screwing not only himself but everyone else too.

Isn't that his MO now though?

"Sigh," yes it does seem to be.