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Old 09-07-2011, 12:04 PM
Danzig Danzig is offline
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an excerpt from an article about corporate taxes:

"The U.S. has one of the highest corporate tax rates in the world. Only Brazil, Uzbekistan, Chad and Argentina have higher corporate tax rates than the U.S. According to a research study by the Cato Institute, the effective U.S. corporate tax on new investment was 34.6% in 2010. This was higher than the average OECD rate of 18.6% and the average rate for 83 countries at 17.7%.

So, if the corporate rate is 34.6%, what's with the claims that companies don't pay taxes, or at least don't pay enough? In some cases it's deliberate lying, but in others it's just an exaggeration based on a failure to understand how taxes work for corporations. PriceWaterhouseCoopers prepared a study from 2006 through 2009 examining Global Effective Tax Rates, which provides some insights. By the way, an 'effective tax rate' is what a company really pays, not the rate assigned by a government. The effective rate can be lower, or higher, than the official rate declared by the government. The PWC study discovered that US-based companies operating globally pay more than eight percentage points more in ETR than companies operating globally with a headquarters outside the US. Consequently, this demonstrates not only that corporations pay a higher effective tax rate than individuals in the United States, the rates charged by the U.S. government are among the highest in the world, and US-based companies are penalized for putting their head office here.
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Old 09-07-2011, 12:18 PM
Danzig Danzig is offline
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when i see stuff like this article:

http://blog.heritage.org/2011/08/13/...uncompetitive/

what else can one think but that the current environment isn't conducive to job growth? adding punitive costs to those here won't make the environment better. it certainly won't encourage anyone else to head over here either. if our taxes are higher than other countries, the first question i would have to ask is why? the second would be what can we do to change it? if the companies in the article above actually moved back, as they said they would, how many jobs does that add? if we don't lower, they don't move back, well obviously we are no better off.

so, jms, are our taxes where they should be for corporations?
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Old 09-07-2011, 01:18 PM
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Quote:
Originally Posted by Danzig View Post
when i see stuff like this article:

http://blog.heritage.org/2011/08/13/...uncompetitive/

what else can one think but that the current environment isn't conducive to job growth? adding punitive costs to those here won't make the environment better. it certainly won't encourage anyone else to head over here either. if our taxes are higher than other countries, the first question i would have to ask is why? the second would be what can we do to change it? if the companies in the article above actually moved back, as they said they would, how many jobs does that add? if we don't lower, they don't move back, well obviously we are no better off.

so, jms, are our taxes where they should be for corporations?
Thanks for the article from such an unbiased source.

http://www.rightwingwatch.org/conten...age-foundation
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Old 09-07-2011, 01:39 PM
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Riot Riot is offline
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What the "job creators" want, as ransom for "bringing back jobs", is to make their workforce and corporate costs in America the same as in India, China, etc. Remove all worker minimum wage and age restrictions. Forbid worker protections by removing ability to unionize. Remove all workplace worker protection regulations from OSHA, EPA. Remove all taxes on bringing money back into the US (let the rich pay nothing, let the poor pay for what we need).

These laws are currently being actively pushed by the Republican party, with the very workers these laws will harm tricked into supporting it: "Right to work", "demonize unions", "tax cuts for the job creators", "repeal minimum wage", "government is too big and expensive get rid of the EPA and OSHA", "47% of the country pays no taxes".

Yeah, as soon as we are the worker equivalent of a third world country, manufacturing jobs will return to the US so $5.00 per hour workers can paint more ceramic crap to sell at Cracker Barrel and cheap shirts to sell at Wal Mart.

Except the workers in the US won't even be able to afford it. So we'll export it to the countries who still have a middle class, with spending power, as their industry changed to 21st century types of production: energy, technology, innovation, professional growth, etc.

First world countries where taxes are paid, healthcare, workplace and retirement security are provided to all, education is supported and encouraged (kind of like what the USA was in the 1950's-1960's, our huge growth period)

Can some of you really not see this happening in this country? Does the massive, increasing wealth distribution disparity in this country mean good things? Listen to the GOP "debate" tonight, and hear the dog whistles.
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Last edited by Riot : 09-07-2011 at 01:57 PM.
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Old 09-07-2011, 01:57 PM
Clip-Clop Clip-Clop is offline
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Besides GE(can't imagine why...), poor people, illegal immigrants and those with "excellent accountants" I would like to know who isn't paying taxes in this country?
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Old 09-07-2011, 02:02 PM
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Quote:
Originally Posted by Clip-Clop View Post
Besides GE(can't imagine why...), poor people, illegal immigrants and those with "excellent accountants" I would like to know who isn't paying taxes in this country?
http://economix.blogs.nytimes.com/20...y/#more-116417

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Old 09-07-2011, 03:37 PM
Clip-Clop Clip-Clop is offline
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Based on this we certainly seem like a first world country where taxes are paid by almost everyone who ought to be paying them.
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Old 09-07-2011, 06:38 PM
Danzig Danzig is offline
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Quote:
Originally Posted by jms62 View Post
Thanks for the article from such an unbiased source.

http://www.rightwingwatch.org/conten...age-foundation
i didnt ask what you thought of the source. is the info they put up correct? and when i googled us corporate taxes and used that link, there were plemty of other with the same story. i guess they are all biased?
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  #9  
Old 09-07-2011, 07:02 PM
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jms62 jms62 is offline
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Quote:
Originally Posted by Danzig View Post
i didnt ask what you thought of the source. is the info they put up correct? and when i googled us corporate taxes and used that link, there were plemty of other with the same story. i guess they are all biased?
Posting **** from the Internet to support your position is a joke. Anyone that can type can find hundreds of "articles" supporting thier position. Talk to me in a year when we are NO better off and are 300 more million in debt.
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Old 09-07-2011, 09:32 PM
Danzig Danzig is offline
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Quote:
Originally Posted by jms62 View Post
Posting **** from the Internet to support your position is a joke. Anyone that can type can find hundreds of "articles" supporting thier position. Talk to me in a year when we are NO better off and are 300 more million in debt.
well, at any rate thanks for answering my questions about the corporate tax rates.
oh, wait...you didn't.
and i also don't want us to be no better off and 300 more million or billion in debt in a year. that we agree on.
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Old 09-07-2011, 10:04 PM
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jms62 jms62 is offline
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Quote:
Originally Posted by Danzig View Post
well, at any rate thanks for answering my questions about the corporate tax rates.
oh, wait...you didn't.
and i also don't want us to be no better off and 300 more million or billion in debt in a year. that we agree on.
They brought you the Savings and Loan collapse in the 80's,LTCM,Enron,Worldcom in the 90's, Internet Bubble,and brought theworld to near financial collapse in th 00's. Received massive bailouts and proceeded to give bonuses to those that caused the collapse. Now they are saying reduce my tax rates becuase I will bring jobs back. And like a beaten spouse you say they have changed, this time it will be different. It scares me that they allow you to vote.

You ask me if our corporate tax rates are too high and I ask you if countries with lower rates have all the loopholes that allow corps to pay no taxes and get massive refunds. If you give them the option of cutting their rate in half with Zero deductions or the current system, what so you think they will choose? They probably will ask for both becaue without it they can't create
jobs.
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