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[deleted] t1_iv9rfpe wrote

Reply to comment by ThePanoptic in [OC] JP Morgan is the largest US bank - visualizing how does it make money by giteam

It’s not. 19% is much higher than middle class people pay

Also, corporate rates are calculated differently than individuals, it’s hard to compare the two

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ThePanoptic t1_iv9tvin wrote

I understand that corporate rate are calculated differently but the bottom line is that 19% of their profits are lost to tax, while an individual making $41,776 - 89,075, will lose 22% of that bracket income to tax. Corporations should at least have a higher bracket at the top, especially when tens of billions are the profit margins.

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