The picture is of Jonathan Harris.
It sure does. I asked Google images for a picture of Jonathan Harris - that’s what they gave me.
I just looked up Harris on Wikipedia - Jonathan Harris - Wikipedia - isn’t it a remarkable similarity?
So would I, but that would be too far a reach.
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And here:
Here is the link to the ACC (Association of Corporate Counsel) document.
BTW, none of your sources state that GE had 1,000 tax attorneys which is the only fact I was refuting. Tax “experts” is a vague term and could include bookkeepers, in-house accountants, and consultants for all we know. The 600 people being offered positions at PwC were a combination of accountants and lawyers. So, your assertion that GE had 1,000 tax attorneys is inaccurate.
You’re right. I eventually found a source that placed it at 1,200 worldwide. That doesn’t change my point that billions are wasted to exploit tax law, not just in accounting and arguing for it but also lobbying for tax laws. And they benefit incumbents over newcomers and larger over smaller. It’s not a new argument from me for the elimination of the corporate tax - I discovered it some 45 years ago.
I also made a mistake when I wrote that the federal budget was 20% of AGI. I should have written GDP, had AGI on the brain for another reason.
Sorry.
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Corporations paid $450 billion in 2023 of the total collections of about $4.56 trillion. Corporations pay about 10% of total revenues. Federal expenditures were about $6.31 trillion during the same period. The shortfall is almost $2 trillion. If the corporate tax is eliminated, then we need to make up a $2.5 trillion annual shortfall. I’m highly skeptical that returning $450 billion to corporations to generate income will make up an annual shortfall of $2.5 trillion. Check it for yourself here.