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lol, so what...you tax hedge fund managers 91% again like in the 'good old days' and those managers pick up shop and take their trade to london or tokyo and the governments loses all revenue.
Like it or not, most of the wealthy don't pay much in taxes because they are flat-out smarter than those actually crafting the legislation.
Ok, buy most standards I am rich, and I employ about 300 people....and I pay a lot of taxes already. Now, say my taxes go up, even though my corp is taxed about 34% alread. See I pay a lot of money to be in business here. So...if my taxes go up any more I will have to make a choice. I can stay here and continue to pay 300 plus employees, decent wages by most standards, or I can move the company to singapore, pay less in taxes and lower wages. Guess what if they do go up and I move that is 300 plus people here that will lose their jobs, and a pretty penny the government would no longer be receiving...tell me again how taxing the rich will help. Its a spending problem, not a taxt problem.
Ok, buy most standards I am rich, and I employ about 300 people....and I pay a lot of taxes already. Now, say my taxes go up, even though my corp is taxed about 34% alread. See I pay a lot of money to be in business here. So...if my taxes go up any more I will have to make a choice. I can stay here and continue to pay 300 plus employees, decent wages by most standards, or I can move the company to singapore, pay less in taxes and lower wages. Guess what if they do go up and I move that is 300 plus people here that will lose their jobs, and a pretty penny the government would no longer be receiving...tell me again how taxing the rich will help. Its a spending problem, not a taxt problem.
Take your company overseas.
I am sure that some enterprising chap will find a way to create another company to fill that void and reemploy the workers.
We just need to make sure that any U.S. American citizen making their cash outside of the U.S. are still required to pay their full U.S. taxes or forfeit their U.S. citizenship permanently.
We can also start taxing imports immediately to compete with foreign slave labor interference with our home markets.
No one wants government spending to be out of control.
No sane person would trust any businessman to set government tax policy.
Last edited by oldtimer2; 04-11-2011 at 12:44 PM..
Ok, buy most standards I am rich, and I employ about 300 people....and I pay a lot of taxes already. Now, say my taxes go up, even though my corp is taxed about 34% alread. See I pay a lot of money to be in business here. So...if my taxes go up any more I will have to make a choice. I can stay here and continue to pay 300 plus employees, decent wages by most standards, or I can move the company to singapore, pay less in taxes and lower wages. Guess what if they do go up and I move that is 300 plus people here that will lose their jobs, and a pretty penny the government would no longer be receiving...tell me again how taxing the rich will help. Its a spending problem, not a taxt problem.
If you left the US and If it were up to me you'd have more than a tax problem you'd have tariff problem. Bon voyage.
I am sure that some enterprising chap will find a way to create another company to fill that void and reemploy the workers.
We just need to make sure that any U.S. American citizen making their cash outside of the U.S. are still required to, pay their full U.S. taxes or forfeit their U.S. citizenship permanently.
We can also start taxing imports immediately to compete with foreign slave labor interference with our home markets.
No one wants government spending to be out of control.
No sane person would trust any businessman to set government tax policy.
You are quite right about the businessman setting tax policies, and I am sure my emplyees and their families would disagree with your take on the company moving....I am only here because of them. If I didn't care I would have already left.
As far as spending...if no one wanted it out of control, then it wouldn't be out of control. The fact is or politicians do want it out of control and that's the real problem. If they didn't want it out of control it would not be....
The Bankers need to go.....its about SPENDING more than tax collections.
You are trying to tell me we can collect trillions and not run a balanced budget? WTF?
When you have liberal democrats in charge, it doesn't matter how much you bring it to the treasury, you will have a deficit because they will always spend that much and more. It is how they buy power and control.
If you left the US and If it were up to me you'd have more than a tax problem you'd have tariff problem. Bon voyage.
maybe they can also work in a FICA tariff to make up what his 300 workers would have contributed to the SS trust fund.
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