Walgreen and other firms are considering leaving U.S. (ethical, illegal, borders)
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Did anyone ever say that corporations don't take advantage of government provided tax incentives (what you are calling, "loopholes")? And why shouldn't they?
It is your representatives, whom you voted for, who get these provisions passed in various bills (usually as amendments). Both Democrats and Republican congressman have proposed such incentives.
The fact of the matter remains, however, that US corporations still pay more in corporate taxes. In a "global economy" (a term which the Liberals are fond of), this makes it harder to compete with foreign goods (which Liberals claim to hate), and it is this that forces them to seek more business friendly countries for their corporate headquarters. I don't blame them one bit.
An "average effective tax rate for corporations" of 19% (which you cited) is still the highest corporate tax rate in the world.
Did anyone ever say that corporations don't take advantage of government provided tax incentives (what you are calling, "loopholes")? And why shouldn't they?
It is your representatives, whom you voted for, who get these provisions passed in various bills (usually as amendments). Both Democrats and Republican congressman have proposed such incentives.
The fact of the matter remains, however, that US corporations still pay more in corporate taxes. In a "global economy" (a term which the Liberals are fond of), this makes it harder to compete with foreign goods (which Liberals claim to hate), and it is this that forces them to seek more business friendly countries for their corporate headquarters. I don't blame them one bit.
An "average effective tax rate for corporations" of 19% (which you cited) is still the highest corporate tax rate in the world.
Care to back up your claim that 19% is the highest corporate tax rate in the world? Or is that just an exaggeration?
Liberals won't be happy until they have driven all American companies overseas. The U.S. has the highest corporate tax rate in the world, and its hurting our economy.
Personally, I would literally confiscate the cash hoards of every one of these companies, such as apple, microsoft, walgreen - every one of them. They have all benefitted from the protection of the US military, its legal system, the educational system of its workers, and the banking system, but think they can use their profits to buy off politicians who in turn construct tax loopholes so they can pay next to nothing in taxes (General Electric, for example) but reap the benefits of doing business here, or abroad. Even if they change the location of their HQ to some off-shore tax haven like Barbados or the Isle of Man, I'd still consider them a US-based company, and would confiscate their earnings.
If any US corporation moves its corporate headquarters out of the US after making a bulk of it's profits in the US and taking advantage of US infrastructure and laws, the Congress should triple its taxes on US revenues. I have no patience for any US corporation that makes its profits from my money and then does everything to avoid paying its taxes. Conservatives may think it is patriotic to avoid paying taxes, they are wrong, it is idiotic.
Do lefties think it's fair that half the people don't pay any federal taxes? I don't. People and companies are getting fed up with having to pay for everyone else's way.
I'm not a tea bagger, read a ton and am yet to see any real specific ideas from them and I pay a hell of a lot in taxes. I also make enough to know that a lot is two words.
I'm not a "tea bagger," either, but I do support the 'Tea Party' (which is not a political party) and what it stands for.
I never would have guessed that you read anything. You read "a ton," you say? Amazing that it doesn't show.
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Bingo!
