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How Companies Are Bypassing The U.S. High Income-Tax Rate


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lotuseclat79's Avatar
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09-Nov-2010, 11:55 AM #1
How Companies Are Bypassing The U.S. High Income-Tax Rate
How Companies Are Bypassing The U.S. High Income-Tax Rate.



Why do we continue to allow our biggest earners to pay their taxes elsewhere (for less)? Corporate America has a social responsibility that it is not owning up to with regard to our failed economy, high unemployment, and the ever widening income gap that has decimated our middle class which without we will soon have no Democracy.

-- Tom
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Knotbored's Avatar
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11-Nov-2010, 11:04 AM #2
hmmm-Google posted record profits, gave substancial bonuses and increased employment using this manipulation. I don't doubt they would have benefited the economy even more if the tax rate was lowered in the USA. Note that everyone benefiting from those profits pays income tax (that is not "free" money as implied by the rate comparison.)
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11-Nov-2010, 11:23 AM #3
If tax reduction is associated with success as your post implies, Tom........aren't you in effect arguing for a reduction in corporate taxation?
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11-Nov-2010, 08:45 PM #4
Quote:
Originally Posted by lotuseclat79 View Post
How Companies Are Bypassing The U.S. High Income-Tax Rate.



Why do we continue to allow our biggest earners to pay their taxes elsewhere (for less)? Corporate America has a social responsibility that it is not owning up to with regard to our failed economy, high unemployment, and the ever widening income gap that has decimated our middle class which without we will soon have no Democracy.

-- Tom
Uhhhhh--how do you propose to tax foreign entities? Do you believe the IRS should be able to exercise jurisdiction in other countries? How do you think those other countries would feel about that?

What I find so hypocritical about you liberals is on the one hand, you bemoan the US exercising its power outside the borders of the US (prefering to cede all such power to the United Nations) and yet you come here suggesting that the US should exercise jurisdiction over entities that are incorporated and under the jurisdiction of other countries!!!

Are you suggesting for example that we send IRS agents to India to confiscate 35% of a corporation organized and operating pursuant to the laws of and under the jurisdiction of a foreign country simply because part (or all) of it owned by a US corporation? Suppose India sent their revenue agents to the US to confiscate taxes from corporations organized here that are owned by India corporations? Would you have an issue with that?

Why don't you actually take the time to learn and understand the ramifications of what you suggest. Just because you think something should be a certain way, doesn't mean its possible to actually accomplish it.
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Last edited by Mulderator; 11-Nov-2010 at 09:04 PM..
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11-Nov-2010, 09:01 PM #5
Quote:
Originally Posted by Stoner View Post
If tax reduction is associated with success as your post implies, Tom........aren't you in effect arguing for a reduction in corporate taxation?
Indeed, he doesn't have the slightest clue as to what he's talking about either from a legal standpoint or from an economic standpoint. He states:

Quote:
Corporate America has a social responsibility that it is not owning up to with regard to our failed economy, high unemployment, and the ever widening income gap that has decimated our middle class which without we will soon have no Democracy.
I've posted in other areas/threads (several different places in fact) the fact that corporations and employers have trillions of dollars just waiting to be invested in the US but the won't do it for 2 reason. First, the US is one of the few countries that imposes a high tax on foreign earned income (35%). So unless he thinks we can force other countries to make the same stupid tax policy that we have, there isn't a damn thing we can do to force a foreign owned and organized entity to pay taxes in the US (and I don't know why any self respecting liberal would ever suggest the US exert jurisdiction all over the world!!!). The answer to this problem is to DO WHAT EVERY OTHER COUNTRY DOES and not tax the income twice--let the US re-patriate this income to invest in the US and to create jobs in the US. The tax will come from the new jobs and their will be savings from not having to pay unemployment benefits.

Second--domestic corporations and businesses are holding over a trillion (estimated) due to the uncertainty of the economy. This is directly related to the stupid economic policies like those suggested by the thread starter--essentially the voting base that supports Obama and Democrats. They think they can "force" socialism on US businesses. If they'd lower the tax rates for businesses (or at least not raise them next year) and commit to "pro business" instead of a "pro socialism" policies, we would already be out of this recession.

It's this kind of "economic cluelessness" that is costing many Americans jobs. And its not the first time. There is a very interesting book out about how FDR made the depression last 7 years longer than it would have because of the same stupid policies driven by socialism instead of sound economic policies. Read this if interested:

http://www.washingtonexaminer.com/op...106552168.html

Last edited by Mulderator; 11-Nov-2010 at 09:06 PM..
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11-Nov-2010, 09:07 PM #6
Shouldn't this be in civilized debate?
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11-Nov-2010, 11:35 PM #7
I found it very ...
...interesting, in the chart that Tom posted, that if Google had paid the U.S. imposed tax rate of 35%, then it is estimated their share price would be 1/6 th of what its current value is today.

So, its not just corporate profits ( and thus, employment of U.S. citizens ) that suffer because of the UNFAIR tax rate, it's also folks who invest in the market, for retirement purposes tha WOULD BE DIRECTLY AFFECTED.

Anyone here got a 401 retirement plan, or any other pension plan that utilizes the markets???

Does it put it on a more personal level now, for all of you folks calling for the exorbant corporate tax rates? Can't you see that it hurts everyone???
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Stoner's Avatar
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12-Nov-2010, 08:07 AM #8
Quote:
Originally Posted by Mulderator View Post
Shouldn't this be in civilized debate?
Unfortunately, this forum has become the whining forum .........where thread starters and posters don't have to justify their claims.
A shame I wasn't allowed to post the imposition on the citizen's rights through local, state and federal motorcycle legislation.
I could have posted some really biatchin stuff.
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Stoner's Avatar
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12-Nov-2010, 08:41 AM #9
Quote:
Originally Posted by Mulderator View Post
Indeed, he doesn't have the slightest clue as to what he's talking about either from a legal standpoint or from an economic standpoint. He states:



I've posted in other areas/threads (several different places in fact) the fact that corporations and employers have trillions of dollars just waiting to be invested in the US but the won't do it for 2 reason. First, the US is one of the few countries that imposes a high tax on foreign earned income (35%). So unless he thinks we can force other countries to make the same stupid tax policy that we have, there isn't a damn thing we can do to force a foreign owned and organized entity to pay taxes in the US (and I don't know why any self respecting liberal would ever suggest the US exert jurisdiction all over the world!!!). The answer to this problem is to DO WHAT EVERY OTHER COUNTRY DOES and not tax the income twice--let the US re-patriate this income to invest in the US and to create jobs in the US. The tax will come from the new jobs and their will be savings from not having to pay unemployment benefits.

Second--domestic corporations and businesses are holding over a trillion (estimated) due to the uncertainty of the economy. This is directly related to the stupid economic policies like those suggested by the thread starter--essentially the voting base that supports Obama and Democrats. They think they can "force" socialism on US businesses. If they'd lower the tax rates for businesses (or at least not raise them next year) and commit to "pro business" instead of a "pro socialism" policies, we would already be out of this recession.

It's this kind of "economic cluelessness" that is costing many Americans jobs. And its not the first time. There is a very interesting book out about how FDR made the depression last 7 years longer than it would have because of the same stupid policies driven by socialism instead of sound economic policies. Read this if interested:

http://www.washingtonexaminer.com/op...106552168.html
What we are seeing in the start of a thread like this is not an argument on how to improve the economy....but to improve the collection of tax revenues, fallacious as it is.
But there is an element to this that, imo, has importance beyond just reducing taxation to invigorate the economy.......and that's to cut back Federal spending..... to balance the budget and quit increasing the interest load the taxpayer has to carry on an expanding Federal debt.
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13-Nov-2010, 04:41 PM #10
Quote:
Originally Posted by Mulderator View Post
Shouldn't this be in civilized debate?
If it continues to be debated, it can be moved.
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