Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I guess it's more the exaggerated expectations of shareholders that make companies complain about taxes.
Companies moving their operations to another state or even country just because profits are not high enough, are trying to launch a downward spiral just so they can maximize profits, without caring about society.
I guess it's more the exaggerated expectations of shareholders that make companies complain about taxes.
Companies moving their operations to another state or even country just because profits are not high enough, are trying to launch a downward spiral just so they can maximize profits, without caring about society.
Whats an acceptable level of profit?
At which point would you say taxes are too high?
What debt does any business owe back to society?
Whats an acceptable level of profit?
At which point would you say taxes are too high?
What debt does any business owe back to society?
- Certainly not 'as much as possible no matter what'
- When there is not enough money left to develop new products. But today that is not the criterion for most companies owned by others. The attitude is more like, dear shareholders, how much money do you want if we don't want to lose you as an investor?
- A business to me is just a tool to provide society with what it needs. The idea that a company is like another planet that exists separately and for its own sake, is relatively young and antisocial.
Bad companies die. That's part of business. Other companies there are thriving regardless of the tax burden. Of course, they don't give any indication of where that 75% comes from or whether it is even true.
That you should get your panties up in a bunch about this is silly.
But given the right environment stressed companies can make it through this recession with less consumer buying.
Austin Tx has seen a number of companies relocate. We have no city/state taxes and a low cost of living and we are a "right to work" state as well.
More companies have a better chance of survival in TX than in the higher taxed states up north.
The bigger companies have more income and buffer to weather this recession that has been over for 2 years. Other businesses, especially the small ones, don't have big reserves of cash to wait it out.
It's not so black and white as you portray it. At least they are staying in the US and not totally moving everything to China.
I sell technology to big businesses, and they are constantly looking for new technologies to become more efficient. Which is a good strategy, however they are doing this so that they don't have to hire more people, they can get more done with less people with better technology since technology is a one time cost, rarely need maintenance, and doesn't need health insurance/unemployment if it doesn't do it's job/doesn't want vacation days.
Nothing new if you recall the tale of John Henry from the mid 19th century.
He said he's talking about the state and local taxes.. is your argument now that they count?
Ever notice that even when they include state and local taxes in their tale of woe, the villainy is still assigned solely to the Federal government. Frankly, I find local and state taxes to be far more onerous than my Federal Tax obligations.
I guess it's more the exaggerated expectations of shareholders that make companies complain about taxes.
Companies moving their operations to another state or even country just because profits are not high enough, are trying to launch a downward spiral just so they can maximize profits, without caring about society.
These are PUBLICLY TRADED companies. Anyone can buy in and get a share of those "profits". THAT is the American way.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
