Tax Corporations A Maximum Of 90%, American Corporations Where Ever They Locate (employment, Congress)

[BigV]

Originally Posted by ergohead

Probably the people who would no longer be paying into SSA, Medicare, Obamacare and the IRS.

Well, then I'd submit to you that it would be very easy for the American company to become other than American company.

So, what would be your plan B?

[ergohead]

Originally Posted by shorebaby

Well yeah they would be paying all those things but instead of calling them SSA, Medicare ect., you would call them US corporate tax.

Yeah? Is that a problem?

[shorebaby]

Originally Posted by ergohead

Employee taxes would devolve to zero, affording the employers the ability to pay wages.

Lol, you would simply change the names of the taxes and how they are collected. While at the same time running businesses out of the country.

[ergohead]

Originally Posted by BigV

Well, then I'd submit to you that it would be very easy for the American company to become other than American company.

The company's "nationality" would be defined by the citizenship of its stockholders.

[shorebaby]

Originally Posted by ergohead

Yeah? Is that a problem?

Yeah nothing changes except chasing corporations off US soil. The people wouldn't save anything, they would actually pay more.

[BigV]

Originally Posted by ergohead

Employee taxes would devolve to zero, affording the employers the ability to pay wages.

That contradicts your earlier plan Comrade Ergohead.

Tax Corporations A Maximum Of 90%, American Corporations Where Ever They Locate Of course, this would include all employees of Corporations, too.

Unless by taxes being zero you also mean that the wages will be zero as well.

[shorebaby]

Originally Posted by ergohead

The company's "nationality" would be defined by the citizenship of its stockholders.

So companies would move off shore and have their shares listed overseas.

[BigV]

Originally Posted by ergohead

The company's "nationality" would be defined by the citizenship of its stockholders.

What happens when a lone Canadian buys the MSFT share?

[shorebaby]

Originally Posted by BigV

That contradicts your earlier plan Comrade Ergohead.



Unless by taxes being zero you also mean that the wages will be zero as well.

Well that is ultimately what would happen as unemployment would skyrocket as companies would compete to see who could leave US soil fastest.

[ergohead]

Originally Posted by BigV

That contradicts your earlier plan Comrade Ergohead.


Unless by taxes being zero you also mean that the wages will be zero as well.

OK, clarification - non-owner wage tax would devolve to zero.