🚀 go-pugleaf

On 6 Feb 2018 14:58:22 GMT, jmfbahciv <See....@aol.com> wrote:

>Scott Lurndal wrote:
>> J. Clarke <jclarke...@gmail.com> writes:
>>>On Mon, 5 Feb 2018 13:37:35 -0800 (PST), hanc...@bbs.cpcn.com wrote:
>>>
>>>>On Monday, February 5, 2018 at 9:31:46 AM UTC-5, Scott Lurndal wrote:
>>>>
>>>>> >"Reverse inversion".  What's "spurious" about it?  US corporate taxes
>>>>> >were ludicrously high
>>>>>
>>>>> Nonsense.   US Companies were rolling in dough before the
>>>>> manifestly foolish tax plan was passed, which will never
>>>>> be paid for in our children's lifetime.
>>>>
>>>>+1
>>>
>>>Spoken like true knee-jerk liberals.
>>
>> Wow, you can't support your statement so you devolve to namecalling.
>
>A lot of that money was just sitting overseas collecting dust and interest.
>Now some companies are moving it back to the States using it for
>infrastructure and distributions to employees (which is taxed as income--
>so part of it is ending up in the Federal coffers).

As for not being able to support my statement, it is quite well known
in the financial community that US corporate taxes are among the
highest in the world.  Countries that liberals generally want the US
to emulate don't tax business nearly as heavily.  Sweden is generally
regarded as being very progressive but their corporate tax rate is,
well, it's about what the US corporate tax rate is _now_ but they
don't tax out-of-country earnings as highly as in-country earnings,
which the US still does.

Anybody who thinks that reducing the corporate tax rate to a level
that is _still_ higher than _COMMUNIST_ countries is a bad thing is
jerking his knee real hard.


>
>/BAH