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LostinPowells312 t1_j0bl2n4 wrote

Reply to comment by FreedomFace67 in New Study Reveals Billions of Dollars in Political Spending by US Trade Associations, Most of It on PR - Out of $3.4 billion spent by trade associations over 10 years, nearly $2.2 billion went towards advertising and promotion, with the oil and gas industry the biggest spender. by avogadros_number

Theoretically, it’s, at worst, the marginal tax rate (say 35%) times $350M. But it’s also taxable to the people who this was paid out to (e.g. if you paid a marketing firm that paid employees, that money gets taxed as income).

Companies do NOT spend money to just avoid taxes because you lose more money that way. There either needs to be another purpose or a different mechanism for sheltering/hiding assets

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