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Originally Posted by Guest
Amazing thought process ---- by in essence rearranging the deck chairs on the Titanic our economy will be saved ! beyond belief .
Also with respect to " the death tax " these monies were already taxed when they were income and when they generated dividends .
You need to understand the mechanism and importance of Capital Formation . We already have the highest Corporate Tax Rates in the World ! We need to give our corporations financial incentives in the form of new tax policy to encourage them to bring back into the US Economy the Billions and Billions of dollars that they are holding outside of the US .
Just too much to even bother trying to explain . However it is an argument that I would expect to be put forward by a 20 year old political science major .
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Do we? There is such thing as the effective tax rate.
The Sorry State of Corporate Taxes | Citizens for Tax Justice
Take a look at the large corporations that are paying no federal income taxes.
These 26 Companies Pay No Federal Income Tax
If you give the major corporations incentives to bring the billions back into the country, there is no guarantee that they will put the money back into the economy via job creation.
Both parties are kissing the butt of the rich and powerful people, and large corporations. It is almost a given incentives to bring money back into the US via reducing the rate tax is a road to nowhere. They are not paying federal income taxes now. So, what tax rate is less than zero?