Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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#1
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The United States has the highest corporate tax rate in the world.
I hear people maligning many U.S. corporations for seeking tax shelter in other countries but at 39% for their income tax compared to about 25% in other countries, how can they remain competitive?
The U.S. Has the Highest Corporate Income Tax Rate in the OECD | Tax Foundation and to be fair, this is what Wikipedia says about the Tax Foundation. http://en.wikipedia.org/wiki/Tax_Foundation
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It is better to laugh than to cry. |
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#2
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Remove the tax breaks and enforce anti trust laws. Then you really have a free market. "One nation.... Under corporation, with liberty and justice to those that can afford it!"
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#3
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In the final analysis there is only one class of persons who pay taxes-- the ultimate consumer. That includes gasoline taxes corporate income taxes, on and on.
One way or another all taxes are added into the price . I wonder why that is such a difficult concept for most people to understand.
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"All that is necessary for the triumph of evil is that good men do nothing" Edmund Burke 1729-1797 |
#4
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Quote:
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#5
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Pity the poor corporations. How can they remain competitive,really?
U.S. Corporate Profits Up Year-Over-Year for 12th Straight Quarter - Real Time Economics - WSJ |
#6
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Amen!!! So true.
Another reason some corporations do business overseas, to reap more profits. I never seen a CEO standing in the bread line.
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"It doesn't cost "nuttin", to be nice". MOM I just want to do the right thing! Uncle Joe, (my hero). |
#7
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Not to worry. Tax breaks lower it WAY below 39%. Much closer to 12%.
http://www.wsj.com/articles/SB100014...99492233215330 |
#8
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No need to "pity" the corporations, that emotion should be reserved for the consumer who is paying the bill.
This is a case of "cut off nose to spite face" High corporate taxes make American companies less competitive and therefore encourage cheaper imports. Balnce of trade problems, balance of payments problems etc.
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"All that is necessary for the triumph of evil is that good men do nothing" Edmund Burke 1729-1797 |
#9
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Since over half of US households pay NO income taxes the government has to get it somewhere. The problem is onerous corporate taxes are strangling the geese that lay the golden eggs. However it appears the geese are wising up and flying away to headquarter elsewhere. Who can blame them?
On an individual scale many people who reside in high tax states, especially retirees who can relocate, are moving to lower tax states such as Florida and Texas.
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine |
#10
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Its all about free enterprise. If you have the right lobbyist, you can have the right tax laws so that your effective tax rate is zero and another company has to pay the full rate. How many first term lawmakers are writing tax law legislation? That gives you a competitive advantage and a bigger bonus at the end of the year. Callous but true.
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#11
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Drop the corporate tax rate to 10% and watch the millions and millions of jobs return to the US as corporations return. And than watch the exports grow exponentially. Such a simple jobs solution but no one wants to champion it.
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Life is to short to drink cheap wine. |
#12
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How many believe that if corporate taxes went to zero, that prices would go down to reflect that?
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#13
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30 years ago, I would have agreed with you. Today, not so much.
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#14
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Ending the corporate tax would end corporate tax breaks!!
Then there is the issue of government subsidies. "Unintended Consequences" Hmmmmmmmmmm
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"All that is necessary for the triumph of evil is that good men do nothing" Edmund Burke 1729-1797 |
#15
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how manyof us would keep our money in a foreign country that had no more risk to loss than here at home but with a return of double or more.....and no taxes on the earnings?
There would be some corporate expatriation of dollars that would come back to the USA if there were a competitive tax advantage. Some of those dollars would/could be invested in facilities and capabilities in the USA to be more competitive. End result no financial disadvantage for the corporate bottom line and the potential for increased employment here at home. Today the incentive is for corporations to keep foreign earnings offshore. |
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