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You seem to be all over the road on this one odanny.
Is it that you want all taxes increased?
I would suggest that our marginal corporate tax rate be reduced to a level close to what most European nations have (15-25%). It is the inequity of these marginal rates than cause internationals to take extreme measures to avoid our taxes. The end result is a very low effective corporate tax rate, cost shifting and lost jobs. The low-tax nations to which profits and the associated jobs are shifted are the winners, and all they have to do is not be as greedy and stupid as the US.
I don't think you can get a correct picture of the tax rates in other countries without looking at ALL taxes there.
Many of those countries with lower corporate rates have much higher personal tax rates. And they have a VAT as well. And often various other taxes on their citizens, all of which result in the citizens of those countries paying a much higher share of the country's taxes than citizens do in the US.
The money has to come from somewhere (Especially in the countries with huge social programs); if not from corporate taxes, then it comes from individual taxes.
Funny thing is, even before the Tea Party, the GOP has been getting its way for at least 30 years. Now, we have a ruined economy, a tremendous deficit, and any sane effort to right the ship (i.e., return to even the tax policies of the 1980s or 1990s) is now considered socialism. The nerve of these people is unbelievable.
Last edited by Fiddlehead; 09-05-2011 at 02:21 PM..
Funny thing is, even before the Tea Party, the GOP has been getting its way for at least 30 years. Now, we have a ruined economy, a tremendous deficit, and any sane effort to right the ship (i.e.e return to even the tax policies of the 1980s or 1990s) is now considered socialism. The nerve of these people is unbelievable.
The only real reason for corporate taxes is so the citizens do not see just how much the government takes directly from us. Instead of the government completely being the "bad guy", they tax you by proxy through corporations where it is added to the price they charge consumers. Once money in a corporation is moved, it is taxed, plain and simple (be it corporate or personal taxes). If they leave it in a business checking account, it is taxed at the end of the year as earnings. If they distribute it to shareholders, taxed. If they pay wages, taxed. Bonus? Taxed. Money cannot move without it happening unless it is for purchasing business related materials. Of course, then it is taxed once the supplier of those materials moves it around.
Uses older data, but still an interesting read. The changes to the other countries tax rates most likely make the U.S. worse now, than it is already presented in the aforementioned linked report.
24 U.S. states have a combined corporate tax rate higher than top-ranked Japan.
32 states have a combined corporate tax rate higher than third-ranked Germany.[
46 states have a combined corporate tax rate higher than fourth-ranked Canada.
All 50 states have a combined corporate tax rate higher than fifth-ranked France.
Also see: Table 1 in above article for a more accurate reflection of what the U.S. statutory tax rates are when you combine both federal and state (table broken down by state - adjusted for deduction). Puts residents of many U.S. states in front of Japan.
The Organisation for Economic Co-operation and Development (OECD) maintains a database of corporate income tax rates for all member nations, downloadable in an Excel spreadsheet.
A comparison between the years 1990 and 2010 shows the following facts:
The US is the only nation of the industrialized OECD members to have increased their corporate income tax rate over the last 20 years (the upward slope of the red line).
The United States currently has the second-highest rate (39.2%), behind only Japan. In 1990, the U.S. rate was the 16th-highest of 23 countries.
In 1990, Germany’s rate (54.5%) was the highest in the OECD, but by 2010 it was down 24.4 percentage points, the largest 20-year decline in the OECD.
Nearly two-thirds of the OECD have rates between 24% and 31%.
The OECD average has dropped by nearly 16 percentage points since 1990.
Last edited by FreedomThroughAnarchism; 09-05-2011 at 04:20 PM..
You're mixing apples and oranges. The tax on corporations and business's is not the same as a tax on the wealthy. You can't lump the two together. While I would advocate for the elimination of taxes on corporations and business across the board I wouldn't advocate the elimination of taxes on the wealthy.
you do realize that many of the wealthy own businesses, and file their tax returns on a standard 1040 form dont you?
Quote:
Originally Posted by odanny
The ignorance regarding taxes + the working poor arguing in favor of less taxes for the top 1% = the Dumbing Down of America.
Tea Party: Here's your sign.
really? it seems to me that the liberals/progressives like you are the ones that dont get it. go ahead and raise taxes on the rich and watch prices go UP. as i have tried to tell you many times, THE RICH DONT PAY TAXES IF THEY CAN PASS THEM ON TO OTHERS!!! raise taxes on business and the business either cuts jobs, or raises prices. either way the middle class is the ones that suffer because you want higher taxes on the job creators in this country.
and one more thing, IT ISNT JUST ABOUT TAXES EITHER. cut down the regulations that are strangling businesses and costing YOU money in the form of higher prices, lower wages, and fewer jobs, and let business do what it does best, make money. get the government OUT OF THE WAY, and let business grow the economy.
Funny thing is, even before the Tea Party, the GOP has been getting its way for at least 30 years. Now, we have a ruined economy, a tremendous deficit, and any sane effort to right the ship (i.e., return to even the tax policies of the 1980s or 1990s) is now considered socialism. The nerve of these people is unbelievable.
I think by now it should be obvious that their agenda is no taxes on the wealthiest Americans. Raise taxes on the middle classes and poor to provide the minimal services their new, limited government will provide -- they need "skin in the game." Abolish Social Security and Medicare.
I think by now it should be obvious that their agenda is no taxes on the wealthiest Americans. Raise taxes on the middle classes and poor to provide the minimal services their new, limited government will provide -- they need "skin in the game." Abolish Social Security and Medicare.
this is a major load of bravo sierra and you know it. we need to reform the tax code from top to bottom, and make it simpler and less costly to comply with. we can eliminate or reduce many deductions, cut the tax rates for EVERYBODY, and end up with MORE revenue to the government. all we want is sanity back in the tax code, along with fewer regulations. we also need to cut government spending substantially, and i mean REAL cuts, not just cut back on the rate of increase.
this is a major load of bravo sierra and you know it. we need to reform the tax code from top to bottom, and make it simpler and less costly to comply with. we can eliminate or reduce many deductions, cut the tax rates for EVERYBODY, and end up with MORE revenue to the government. all we want is sanity back in the tax code, along with fewer regulations. we also need to cut government spending substantially, and i mean REAL cuts, not just cut back on the rate of increase.
No, it's completely obvious now that the Republican agenda is to abolish Social Security and Medicare and to cut the tax rate on the wealthiest Americans while raising taxes on the middle classes and poor. That's exactly what's going on. If you cant' see that, you're not paying attention.
How can historical tax rate charts mean nothing? Come on. Who is sticking their head in the sand here?
The top marginal rate is meaningless without all the other info on taxes.
I doubt that anybody paid the 90% rate back in the 50s.
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