Mar 17, 2022

Have you wondered who is right about raising or lowering corporate taxes? How do corporate tax rates affect the economy, the stock market, and American wages? According to the Tax Foundation, one of the most significant provisions of the Tax Cuts and Jobs Act of 2017 was to permanently lower the federal corporate income tax rate, decreasing it from 35 percent to 21 percent. Prior to the Tax Cuts and Jobs Act, the U.S. combined corporate income tax rate was the HIGHEST in the world. Many corporations fled the country, taking jobs and tax revenue with them, to countries like Ireland which has a 12.5% corporate rate. Today, we'll explore the empirical evidence on corporate tax rates, and it may shock you!  You don't want to miss today's show. MASTERING MONEY is on the air!!