The following graph shows the annual tax expenditure for exempting credit union income from corporate income taxes for fiscal years 2019 thru 2028.
Tuesday, March 19, 2019
CU Tax Expenditure Exceeds $24 Billion for Fiscal Years 2019 - 2028
The Office of Management and Budget estimated that the tax expenditure associated with exempting credit union income from corporate income taxes is $24.017 billion over the next ten fiscal years.
The following graph shows the annual tax expenditure for exempting credit union income from corporate income taxes for fiscal years 2019 thru 2028.
The following graph shows the annual tax expenditure for exempting credit union income from corporate income taxes for fiscal years 2019 thru 2028.
Why did it drop so much from last year ($35.8B)?
ReplyDeleteThe decline in the credit union tax expenditure was due to lower corporate tax rates arising from legislation enacted by the last Congress.
Deletehttps://www.cutimes.com/2019/03/18/33-drop-in-cost-of-cu-tax-exemption-trump-administration-estimates/
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