Re: Is anyone surpised? - dslreports.com

Author	All Replies
pnh102 Reptiles Are Cuddly And Pretty Premium join:2002-05-02 Mount Airy, MD ·Comcast	reply to Matt Re: Is anyone surpised? 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. 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. -- Blagojevich / Madoff 2012!
	to forum · permalink · · 2009-01-29 16:15:23 ·
SRFireside join:2001-01-19 Houston, TX	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?
	to forum · permalink · · 2009-01-29 16:38:00 ·
pnh102 Reptiles Are Cuddly And Pretty Premium join:2002-05-02 Mount Airy, MD ·Comcast	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. -- Blagojevich / Madoff 2012!
	to forum · permalink · · 2009-01-29 16:50:13 ·
ahedge Premium join:2002-05-14 Shepherd, TX ·Millenicom	reply to pnh102 said by pnh102 : 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?
	to forum · permalink · · 2009-01-29 16:56:26 ·
SRFireside join:2001-01-19 Houston, TX	reply to pnh102 Jobs are being offshored because yes, it is cheaper for the company to do so. Most, if not all, of the companies that are offshoring are corporations who tend to focus more on stockholder value than anything else. Of course they go to the cheap labor to reduce costs and get those fatter profits. That doesn't mean the companies can't be prosperous keeping their production in the states. Look at the ledgers of these companies and see what their earnings and profits were before going out of the country. They were doing just fine.
	to forum · permalink · · 2009-01-29 16:57:29 ·
Dogfather Premium join:2007-12-26 Laguna Hills, CA	reply to pnh102 Labor, not taxes are by FAR business' largest expense and overseas they can get away with near zero regulation and virtual slave labor payrates.
	to forum · permalink · · 2009-01-29 17:06:01 ·
joelliot join:2002-01-28 West Warwick, RI	reply to ahedge »www.taxfoundation.org/publicatio···917.html
	to forum · permalink · · 2009-01-29 18:08:52 ·
knightmb Everybody Lies join:2003-12-01 Franklin, TN ·AT&T DSL Service	reply to pnh102 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. -- Fight NebuAD and the like: Click Here to pollute their data
	to forum · permalink · · 2009-01-29 19:25:56 ·
ahedge Premium join:2002-05-14 Shepherd, TX ·Millenicom	reply to joelliot said by joelliot : »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)
	to forum · permalink · · 2009-01-29 19:48:23 ·
marigolds Gainfully employed, finally Premium,MVM join:2002-05-13 Saint Louis, MO	reply to pnh102 Find one reported instance of jobs being moved out of the country because of the corporate tax rate and not because of labor rates. Unlike other countries in the world, the US does not charge a corporate income tax on foreign revenue. For example, any company with a presence in Germany is assessed a 20% tax by Germany on all revenue in the United States. Also, most OECD countries charge corporate income tax as well as personal tax on income passed through to shareholders. Not the United States; in the US a company can become a pass through entity. Any income passed to shareholders is no longer taxed at the corporate rate and only taxed as shareholder personal income. The result is few companies pay the high statutory rate and the majority pay the 15% pass through entity rate. 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. -- ISCABBS - the oldest and largest BBS on the Internet telnet://bbs.iscabbs.com Professional Geographer Geographic Information Science researcher
	to forum · permalink · · 2009-01-29 20:44:27 ·
pnh102 Reptiles Are Cuddly And Pretty Premium join:2002-05-02 Mount Airy, MD ·Comcast	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. -- Blagojevich / Madoff 2012!
	to forum · permalink · · 2009-01-29 21:59:54 ·
Combat Chuck Too Many Cannibals Premium join:2001-11-29 Erie, PA	said by pnh102 : ...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... -- Come let us reason together.
	to forum · permalink · · 2009-01-29 22:33:43 ·
joelliot join:2002-01-28 West Warwick, RI	reply to ahedge Countries like Norway can get 45% of tax revenue from corporations because of things like North Sea oil. This is pointed out in the very article you site. Remember that 70% of the US GDP is consumer spending & another 20% is government.
	to forum · permalink · · 2009-01-29 22:49:09 ·
marigolds Gainfully employed, finally Premium,MVM join:2002-05-13 Saint Louis, MO	reply to pnh102 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. -- ISCABBS - the oldest and largest BBS on the Internet telnet://bbs.iscabbs.com Professional Geographer Geographic Information Science researcher
	to forum · permalink · · 2009-01-29 22:51:32 ·
BF69 join:2004-07-28 Camden, TN	reply to pnh102 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.
	to forum · permalink · · 2009-01-30 10:19:09 ·
Combat Chuck Too Many Cannibals Premium join:2001-11-29 Erie, PA	You don't I know it's hard a hard subject to understand but just think about it a bit. Why do stores have sales? It's not so they lose money. -- Come let us reason together.
	to forum · permalink · · 2009-01-30 10:27:05 ·
RocketChild join:2003-11-24 Round Rock, TX 1 edit	reply to pnh102 said by pnh102 If 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
	to forum · permalink · · 2009-01-30 10:48:17 ·


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