Steve Mnuchin just tried to bury a number that tells you who Trump’s tax plan is really for
|09/29/2017||Posted by BusinessMediaguide.Com under General World News||
For some reason, Steve Mnuchin didn’t want you to know this.
On Thursday, the Treasury Department took a paper off its website that says “82% of the corporate income tax burden is distributed to capital income and 18% is distributed to labor income,” the Wall Street Journal first reported.
In other words, American workers pay for a small chunk of corporate taxes — around 20%. The problem with this for Mnuchin is that he would prefer that you think that number is around 70%.
You can see why this would suit President Donald Trump and his administration — they’re trying to read more >>>