Friday, February 3, 2017

Joint Committee on Taxation Sets CU Tax Expenditure at $14.4 Billion over Five Years

The Joint Committee on Taxation estimates that the tax expenditures arising from the credit union exemption from corporate income taxation will equal $14.4 billion for fiscal years 2016 through 2020.

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1 comment:

  1. AnonymousFebruary 4, 2017 at 8:33 AM

    Wish you wouldn't have posted this.
    Now we have to suffer through more NAFCU bizarreo "studies" proclaiming how much the economy benefits from the tax exemption.
    Yknow, the ones where they never share HOW they come up with how a $2B+ exemption is equal to 3GDP and hundreds of thousands of jobs.
    What's it like to produce that garbage that know one reads or believes?

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