Oklahoma Sending Cash to Companies That Pay No Income Tax
Some state lawmakers justified their decision to curtail a tax credit for the working poor by declaring that the state shouldn't be subsidizing people who owe no income taxes in the first place.
from FB-RSS feed for Tulsa 912 Project http://www.newson6.com/story/32102353/oklahoma-sending-cash-to-companies-that-pay-no-income-tax
Tuesday, May 31, 2016
"But the state has several tax breaks on the books that do essentially the same thing for businesses. Through a combination of direct refunds, rebates and tax credit “transfers,” companies with no income tax liability are receiving cash subsidies."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment