I don’t know what her name is, but it is Laura Somebody who has a radio show and she was on Bill O’Reilly tonight and she just told a Big Whopper!!!
She said that America has the highest Subchapter S Corporation tax in the world!!! Oh, this is NOT TRUE, because the Subchapter S corporate tax is ZERO!!!
I know because my mother has one and it doesn’t even pay any income tax because whatever it makes is just passed through to her and she pays tax on it like a person.
Which would sure mean that she would like a middle class tax cut because then she would pay less.