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Old 11-16-2017, 02:56 PM   #11
Gulo Blue   Gulo Blue is offline
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Originally Posted by tomdalton22 View Post
you do understand that they ship their profits out of the country because the US has such a high corporate tax rate.

These companies are free to do what they want. If it makes more sense to move a headquarters out of country because of lower taxes, shouldn't they do it?
How low do they need to go? Some tax shelter are at 0% and make their money off set fees right? So...is there a number low enough to claw that back?
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Old 11-16-2017, 03:04 PM   #12
Gulo Blue   Gulo Blue is offline
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Wikipedia says the GDP of the Cayman Islands is $2.5 B and 70% of that is tourism, leaving a maximum of $750 million in tax shelter income. So wouldn't you have to lower rates until what we get back out of it is less than $750 million to make it worth it to companies? The taxes we miss out on is billions if you consider our current tax rate or whatever new tax rate is being proposed, but to get companies to voluntarily bring it back at a rate that would be worth it seems impossible.
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Old 11-16-2017, 03:37 PM   #13
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Originally Posted by tomdalton22 View Post
you do understand that they ship their profits out of the country because the US has such a high corporate tax rate.

These companies are free to do what they want. If it makes more sense to move a headquarters out of country because of lower taxes, shouldn't they do it?
So just b/c they get a tax-cut, then that means that all of these benevolent corporations who have been stashing their proffits overseas, will suddenly develop a conscience, and stop abusing the US' leaky tax code?

lol
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Old 11-16-2017, 03:46 PM   #14
tigermud   tigermud is online now
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house passes 227-205

https://www.cnbc.com/2017/11/16/hous...form-bill.html
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Old 11-16-2017, 03:55 PM   #15
turok   turok is offline
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The late George Carlin was psychic.

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Old 11-16-2017, 04:33 PM   #16
tomdalton22   tomdalton22 is offline
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So just b/c they get a tax-cut, then that means that all of these benevolent corporations who have been stashing their proffits overseas, will suddenly develop a conscience, and stop abusing the US' leaky tax code?

lol
Corporations have been leaving the US because the corporate taxes are significantly lower elsewhere. Doesn't it make sense to lower the taxes to stop the exodus? Maybe if we make it appealing enough, some will come back and re-invest here vs. overseas?
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Old 11-16-2017, 05:14 PM   #17
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Corporatons have been asking for handouts for years and it is total BS that that anyone thinks thier rate is 35%. Hasn't even been close for years with all the breaks they have been getting. Get ready for that great trickle down again ...lol !!! Same old Gop game plan that never works. Republicans are just a worthless piece of crap party.
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Old 11-16-2017, 05:41 PM   #18
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Originally Posted by tomdalton22 View Post
Corporations have been leaving the US because the corporate taxes are significantly lower elsewhere. Doesn't it make sense to lower the taxes to stop the exodus? Maybe if we make it appealing enough, some will come back and re-invest here vs. overseas?
The nations which are tax-shelters are small, the nations where employee overhead is low, have a correspondingly low standard and cost of living. Most of the products that they make for multinationals to export to the US, other than vehicles, appliances, and electronic gizmos, are not used or wanted by their low wage/no benefit/no pension/no FLSA labor. So why would there be any incentive to reinvest here?

Our cost of living alone, precludes employing any more than is necessary to get US to buy and take delivery of their exported products, via warehouse when ordered online, or physically less and less often, via retail store.

Once AI/robotics becomes advanced enough, then even the jobs that are nailed down here by physical necessity will be in extreme jeopardy.
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Old 11-16-2017, 08:37 PM   #19
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Disgusting bill. Nice handout to Millionaires and billionaires . But raises taxes on people who make 10,000 to 75,000. Big old Gop tax lie ... Big payday to the donors like the Koch Brothers. Fuck Trump.
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Old 11-16-2017, 10:05 PM   #20
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Disgusting bill. Nice handout to Millionaires and billionaires . But raises taxes on people who make 10,000 to 75,000. Big old Gop tax lie ... Big payday to the donors like the Koch Brothers. Fuck Trump.
And when flyover country experiences no job growth, or has losses over the next few years, their "representatives" will claim that Big Corp. needs yet another tax-cut.


Just like when food prices soared in '08, and Big Food claimed that it was due to high fuel prices, but when fuel prices sank after '13, did food prices even noticeably respond in kind?

Nah...of course not.
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