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I agree the numbers may be higher, but have not seen anything out of committee & the 5 & 12 are actual published. And you won't have to pay the higher balance, you can pay the balance in installments through an 8 year period, so the full amount will not be coming back immediately and will be taxed the FIRST time in the parent company HQ.
They are for sure going to maximize the corporations position, share buybacks & debt refinancing will long term benefit the company, but does nothing for shareholders or employee, thus the "boost' to the economy fails, which in this exercise was the guise for giving the corporations the tax relief and the repatriation exception.
We should totally eliminate all corporate income taxes. Just zero them out. Afterall, corporations don't bear the burden of the corporate income tax; people do. 100% of the burden of the corporate income tax is borne by a combination of customers in the form of higher prices, employees in the form of lower total compensation (and fewer employees), and owners in the form of lower profits.
Only people bear the burden.
So, if we totally eliminate all corporate income taxes, 100% of the benefit will flow to people: customers in the form of lower prices, employees in the form of higher total compensation (and more employees), and owners in the form of higher profits.
Then, just raise income taxes on people, as few people move to another country because of marginal tax rates. Make the personal income tax as progressive as you like to raise enough $$$ to pay for government services.
We should totally eliminate all corporate income taxes. Just zero them out. Afterall, corporations don't bear the burden of the corporate income tax; people do. 100% of the burden of the corporate income tax is borne by a combination of customers in the form of higher prices, employees in the form of lower total compensation (and fewer employees), and owners in the form of lower profits.
Only people bear the burden.
So, if we totally eliminate all corporate income taxes, 100% of the benefit will flow to people: customers in the form of lower prices, employees in the form of higher total compensation (and more employees), and owners in the form of higher profits.
Then, just raise income taxes on people, as few people move to another country because of marginal tax rates. Make the personal income tax as progressive as you like to raise enough $$$ to pay for government services.
You post this nonsense over and over in tax threads. It’s so clear someone has no idea what they’re talking about when they propose ridiculously simple solutions to complex programs.
We should totally eliminate all corporate income taxes. Just zero them out. Afterall, corporations don't bear the burden of the corporate income tax; people do. 100% of the burden of the corporate income tax is borne by a combination of customers in the form of higher prices, employees in the form of lower total compensation (and fewer employees), and owners in the form of lower profits.
Only people bear the burden.
So, if we totally eliminate all corporate income taxes, 100% of the benefit will flow to people: customers in the form of lower prices, employees in the form of higher total compensation (and more employees), and owners in the form of higher profits.
Then, just raise income taxes on people, as few people move to another country because of marginal tax rates. Make the personal income tax as progressive as you like to raise enough $$$ to pay for government services.
This post has valid points as people get income from companies and the government consistently taxes on income. So why not make it easier and just tax on personal income.
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