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Old 01-09-2018, 10:30 AM
 
Location: Kansas City, MISSOURI
9,013 posts, read 2,736,967 times
Reputation: 6945

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This doesn't particularly surprise me, since the new tax law was written so hastily with relatively little analysis. The new law may actually encourage companies to send factories overseas, not bring them to the US.

https://www.nytimes.com/2018/01/08/b...ng-abroad.html
Quote:
The bill that Mr. Trump signed, however, could actually make it attractive for companies to put more assembly lines on foreign soil.

Under the new law, income made by American companies’ overseas subsidiaries will face United States taxes that are half the rate applied to their domestic income, 10.5 percent compared with the new top corporate rate of 21 percent. ... So while companies will now have to pay some tax in most cases, wherever they operate, they will pay much less on what they make abroad than at home.
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Old 01-09-2018, 10:37 AM
 
Location: United States
10,950 posts, read 5,069,442 times
Reputation: 5240
You dems sure are afraid of this new tax law. LoL
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Old 01-09-2018, 10:39 AM
 
Location: NE Mississippi
13,672 posts, read 8,580,903 times
Reputation: 19868
OK. So The Left failed in their attempt to convince people that their taxes were going up. Now they have changed gears and are trying to convince people that the bill was "hastily written" or "ill conceived" and claim that it will chase jobs overseas.

I ain't buying it. The article is speckled with might and could be and probably.
Additionally, I see that this is "reason #78", and I'd sure love to see the other 77. Or however many there are.
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Old 01-09-2018, 10:41 AM
 
22,769 posts, read 26,219,013 times
Reputation: 14558
Quote:
Originally Posted by stburr91 View Post
You dems sure are afraid of this new tax law. LoL
Are you saying the analysis is incorrect, or did you just not read it?

Quote:
Originally Posted by Listener2307 View Post
OK. So The Left failed in their attempt to convince people that their taxes were going up.
For some folks, taxes are going up.

For many of us, taxes are going down for a few years only, and then going back up.

Quote:
Now they have changed gears and are trying to convince people that the bill was "hastily written" or "ill conceived" and claim that it will chase jobs overseas.
Are you saying the analysis is incorrect?

I love when our Republican tax experts come out of the woodwork. Please, tell me more about your rigorous economic modelling and analysis.
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Old 01-10-2018, 08:12 AM
 
Location: NC
5,119 posts, read 1,823,397 times
Reputation: 2374
Quote:
Originally Posted by James Bond 007 View Post
This doesn't particularly surprise me, since the new tax law was written so hastily with relatively little analysis. The new law may actually encourage companies to send factories overseas, not bring them to the US.

https://www.nytimes.com/2018/01/08/b...ng-abroad.html
weasel word MAY... then again, it MAY NOT send jobs overseas. probability is higher that it will bring more jobs to the US.
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Old 01-10-2018, 11:32 AM
 
13,139 posts, read 4,483,171 times
Reputation: 6409
This is all faux outrage on the Left's part. They don't even want a single job coming back here and much rather we send them over seas. They have demonstrated that time in and time out.
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Old 01-10-2018, 11:35 AM
 
Location: Washington State
18,539 posts, read 9,586,076 times
Reputation: 15791
Quote:
Originally Posted by stburr91 View Post
You dems sure are afraid of this new tax law. LoL
The media and Dims been lying about the tax change forever, why stop now I guess is the motto.

I was happy that the EU is protesting the new tax law to the WTO for fear it's going to be too successful for American jobs and companies.
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Old 01-10-2018, 11:37 AM
 
38,198 posts, read 14,924,927 times
Reputation: 24622
Quote:
Originally Posted by tripleh View Post
weasel word MAY... then again, it MAY NOT send jobs overseas. probability is higher that it will bring more jobs to the US.
Please explain how this probability would work.
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Old 01-10-2018, 11:38 AM
 
8,897 posts, read 2,763,943 times
Reputation: 5443
Quote:
Originally Posted by stburr91 View Post
You dems sure are afraid of this new tax law. LoL
I don't see fear, but statements of fact.
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Old 01-10-2018, 11:39 AM
 
8,897 posts, read 2,763,943 times
Reputation: 5443
Quote:
Originally Posted by Tall Traveler View Post
The media and Dims been lying about the tax change forever, why stop now I guess is the motto.

I was happy that the EU is protesting the new tax law to the WTO for fear it's going to be too successful for American jobs and companies.
Guess you didn't read the link in the OP.
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