Article View: alt.folklore.computers
Article #620133Re: Important US technology companies sold to foreigners
From: Anne Lynn Wheeler
Date: Wed, 07 Feb 2018 05:52
Date: Wed, 07 Feb 2018 05:52
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3344 bytes
J. Clarke <jclarke...@gmail.com> writes: > 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. corporate tax revenue has constantly droped since the 50s ... keeping the tax rate high enables congress to run a thriving scam selling loopholes ... major factor contributing to congress being considered most corrupt institution on earth. effective paid tax rate is more like 11% because of all the loopholes. arguments about the max. corporate tax rate is obfuscation and misdirection ... more kabuki theater to distract from the enormous business congress is running selling loopholes.
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