Topic 'Re: Is anyone surpised?' in forum '' - dslreports.com http://www.dslreports.com/forum/Re-Is-anyone-surpised-21828544 en Fri, 10 Feb 2012 15:15:03 EDT Fri, 10 Feb 2012 15:15:03 EDT Re: Is anyone surpised? http://www.dslreports.com/forum/Re-Is-anyone-surpised-21833225 said by pnh102 See ProfileIf you want a quick recovery, set the corporate tax rate to 0 and radically lower personal income taxes.
:

Sounds like you might be an advocate of the FairTax?

»en.wikipedia.org/wiki/FairTax]]> http://www.dslreports.com/forum/Re-Is-anyone-surpised-21833225 Fri, 30 Jan 2009 10:48:17 EDT Re: Is anyone surpised? http://www.dslreports.com/forum/Re-Is-anyone-surpised-21833098 --
Come let us reason together.]]> http://www.dslreports.com/forum/Re-Is-anyone-surpised-21833098 Fri, 30 Jan 2009 10:27:05 EDT Re: Is anyone surpised? http://www.dslreports.com/forum/Re-Is-anyone-surpised-21832978 said by pnh102:

If you want a quick recovery, set the corporate tax rate to 0 and radically lower personal income taxes.And where do you get the money to run the government? I'm prety sure at the very least our soldiers would like to get paid. Oh and I like bridges not to fail while I'm on them.

no such thing as a free luch buddy.]]> http://www.dslreports.com/forum/Re-Is-anyone-surpised-21832978 Fri, 30 Jan 2009 10:19:09 EDT Re: Is anyone surpised? http://www.dslreports.com/forum/Re-Is-anyone-surpised-21831117 said by pnh102:

HP moved jobs from the USA to Ireland because of lower corporate taxes there. This was done under Carly Fiorina's tenure. I am sure that isn't the only example that exists.HP is still based in the United States. That move would cause no change in corporate income taxes.
As well, I lived in Corvallis during that move and knew many of the U.S. workers who were moved temporarily to Ireland. While Ireland was chosen because of its tax structure, the move of facilities to Ireland was done for global security reasons; dispersing facilities so that any one disaster would not cripple the company.
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...the fact remains that the high US corporate tax, as well as any tax paid by the shareholders on profit, is still collected directly from the customers of these companies. That's just simple business, all overhead costs are passed directly to the consumer.
That is a fact that you will have a hard time convincing people is true. Everyone says screw business, but no one seems to consider where that money that business pays in taxes comes from. Now lets talk about indirect taxes and how congress can effectively raise the personal income tax rate without people knowing it...
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Come let us reason together.]]> http://www.dslreports.com/forum/Re-Is-anyone-surpised-21831010 Thu, 29 Jan 2009 22:33:43 EDT Re: Is anyone surpised? http://www.dslreports.com/forum/Re-Is-anyone-surpised-21830820 said by marigolds:

Find one reported instance of jobs being moved out of the country because of the corporate tax rate and not because of labor rates. HP moved jobs from the USA to Ireland because of lower corporate taxes there. This was done under Carly Fiorina's tenure. I am sure that isn't the only example that exists.

And while what you say about tax policy might be true, the fact remains that the high US corporate tax, as well as any tax paid by the shareholders on profit, is still collected directly from the customers of these companies. That's just simple business, all overhead costs are passed directly to the consumer.
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So, go ahead and lower the statutory rate. It won't make any difference. The Senate certainly does not want to lower it, since there would be little benefit to corporations and a big detriment to shareholders.
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»www.taxfoundation.org/publicatio···917.html
Well just comparing rates is inaccurate at best. This study tells a different story.

»oxrep.oxfordjournals.org/cgi/con···24/4/639

Corporate taxation in the US was around 10 percent of the total in 2005, and rather low as percentage of the GDP compared to other European nations.

(scroll down to Figure 6 Corporate taxation vs total taxation (2005)]]> http://www.dslreports.com/forum/Re-Is-anyone-surpised-21830075 Thu, 29 Jan 2009 19:48:23 EDT Re: Is anyone surpised? http://www.dslreports.com/forum/Re-Is-anyone-surpised-21829952 said by pnh102:

It'd be nice if what you said was true. The USA has one of the world's highest corporate tax rates. This alone has contributed to many jobs being moved outside of the country. The companies that remain pass the costs of those taxes directly to the consumer in the form of higher prices.

Every tax hike on a business ends up screwing the people in one way or another, either through higher prices or lost jobs.
The highest corporate tax and greatest amount of loopholes for the smart business. The two kind of balance out, but the overall impression is still bad.
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said by Matt:

Is anyone surprised that the Senate is still in the pockets of big business? Their mantra is more free money, less control, and more tax breaks ... all to corporations. That's worked wonderfully so far, hasn't it?
It'd be nice if what you said was true. The USA has one of the world's highest corporate tax rates.
I think it's not true if we compare to other industrialized nations. Do you have a reference to support that statement?]]> http://www.dslreports.com/forum/Re-Is-anyone-surpised-21829045 Thu, 29 Jan 2009 16:56:26 EDT Re: Is anyone surpised? http://www.dslreports.com/forum/Re-Is-anyone-surpised-21828998 said by SRFireside:

Maybe so, but American entrepreneurs also have a much better chance at success and financial freedom in the United States than any other country in the world. Kinda balances out don't you think?
If that's still true why do jobs continue to be offshored?

Much of the rest of the world has caught up to where we are technologically. As a result, we live in a reality in which it is trivially easy to ship any job overseas. Our tax policies should not help make this any easier.

If you want a quick recovery, set the corporate tax rate to 0 and radically lower personal income taxes.
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Is anyone surprised that the Senate is still in the pockets of big business? Their mantra is more free money, less control, and more tax breaks ... all to corporations. That's worked wonderfully so far, hasn't it?
It'd be nice if what you said was true. The USA has one of the world's highest corporate tax rates. This alone has contributed to many jobs being moved outside of the country. The companies that remain pass the costs of those taxes directly to the consumer in the form of higher prices.

Every tax hike on a business ends up screwing the people in one way or another, either through higher prices or lost jobs.
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Is anyone surprised that the Senate is still in the pockets of big business?
Why would that change. The Dimbulbs are every bit as on the take as the Gee Oh Pee. The only difference between the two is that the Gee Oh Pee makes no attempt to disguise its contempt for anyone not making under $500k/yr. The Dimbulbs, OTOH, like to pretend that they represent the people.

On the NN provision in the stimulus pkg, I have every confidence that the clause will be removed behind closed doors without further discussion. I'd bet a month's pay on that. And if it somehow manages to stay, it will be so watered down it will be useless. Any takers of this bet?
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]]> http://www.dslreports.com/forum/Re-Is-anyone-surpised-21828569 Thu, 29 Jan 2009 15:31:34 EDT Is anyone surpised? http://www.dslreports.com/forum/Is-anyone-surpised-21828544 http://www.dslreports.com/forum/Is-anyone-surpised-21828544 Thu, 29 Jan 2009 15:26:07 EDT