It’s not that interest rates won’t help inflation, it certainly will. It’s just not as efficient as certain supply stimulus when inflation is drawn from a drop in output instead of an increase in consumer demand.

The demand side can still be manipulated to help though, which is why the fed is still raising rates

Because their reported effective tax rate isn’t the rate they actually pay. The large difference between the two rates mainly come from the way they have to report stock compensation

https://www.sec.gov/Archives/edgar/data/1288776/000119312505065298/d10k.htm

They’re not paying less tax than the middle class. Corporate effective tax rates are calculated very differently than individual rates

A rate of 16% doesn’t actually mean they’re paying 16% of their profit in tax

Pretty much everything that you said is true, but your last two sentences are wrong. The TCJA established two different minimum taxes on global income for corps. One is called GILTI and the other is called BEAT. GILTI is the framework for the global deal that countries are attempting to implement now, but the US has had this in place for 5 years now

Stock compensation isn’t tax deductible until it’s vested, so an IPO year is going to have a huge upward adjustment. The following year, their rate was 35%

How is that sickening?

To be fair, 2003 is an extreme outlier year, as IPO years usually are. Google wasn’t actually paying 70% of their profit in tax

That’s not really why.

>But companies moved on to other loopholes that are as good or better

I’d disagree with this. The whole point of changing our international tax laws back in 2018 was to establish a global minimum tax for US companies

Not for US companies

IPO years in general will be misleading because stock compensation isn’t tax deductible until it’s vested, which temporarily spikes effective tax rates. It doesn’t mean they’re actually paying that much, it’s just the way it’s recorded on financial statements

For reference, their tax rate was 36% in 2004