Letters to the Editor: If we're debunking tax myths, let's look at trickle-down economics [Los Angeles Times (CA)]
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Source: Los Angeles Times
most of us contribute to ( “Debunking five myths of the American tax system,” April 16). However, in her op-ed, she unfortunately reaches some very inaccurate conclusions and seems to adopt the much-maligned “trickle-down” theory. As just one example, she wrongly concludes that corporate taxation is largely borne by the corporation's workers and customers and, therefore, corporations should not bear their fair share. In 2025, a married couple with $96,951 in income would be federally taxed at a top rate of 22%. Contrast that to Tesla in 2025, which had $5.7 billion of U.S. income and paid no federal income tax — or to Amazon in 2025, which had operating income of $79.98 billion but paid only $1.2 billion (1.5%) in federal income tax. And President Trump's 2017 Tax Cuts and Jobs Act permanently reduced the top federal corporate income tax rate from 35% to 21%, making for a 40% decrease in taxes paid on IRS taxable income. Reduced corporate tax rates benefit shareholders and corpora
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