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Paying workers in China .20 cents an hour is still cheaper than no tax rate.
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Why are people in China willing to do the same job for $.20/hour? How do they afford food and shelter at less than $3/day? Would it be possible to live in the US for those wages? If not, why?
Its not zero tax on corporations or anything really.Its the fact that we now have the highest corporate tax rate in the world. The more we take out of the private sector to tranfer to pulbic sector the more compnaies will lower the bottomline;70% if which is labor cost. The coming healthcare law for instances will expand contract labor like never seen before to keep liabilties low. TWhen people loom at wages they have to al;so realise that fo5r deacdes non-taxable benfits have shyrocketed and people have resisited taxing them,. Look at the refusal to tax benfits in covering cost of new healthcare law. Its lead to no real way of comapring wages which often favors public emplyees over private empoyeees in total benfit form employemnt. That day is ending as revenues shortfall now.
Corporations already have a 0% tax rate because the consumers pay that bill. By reducing their tax rate, you lower prices for consumers which allows them to spend more money on other products, thus creating additional jobs.
Strikes me as the fastest way to create jobs. Millions of jobs overnight.
Thoughts?
People owning corporations for limited liabilities are at risk of paying way more tax unless they zero out the corporation or have a way to spend it in a tax-less way.
They can invest in a company take over.
They can invest in new equipment in the company.
They can pay dividends.
They can pay salaries.
They can donate to charity.
They can build for the company.
They can buy land for the company.
If they don't do that they will pay corporate taxes and pay a double tax when they take salary later, so they need to zero out it before the fiscal year ends.
Corporations are just people trying to protect their earnings to some extent against lawsuits and other liabilities.
Lets say you are a 7/11. Driver goes through your window and kills a customer.
Customer family sues the 7/11 as well as the driver even though the 7/11 had no part in the death in reality. For that reason a person files a corporation so if somebody gets a bad settlement from a stupid jury his assets only in the company are at risk.
Corporations are NO PROTECTION for owners withholding pay wrongfully from workers, there is total liability always there.
Sorry Tom, but that's a typical liberal rebuttal on CD.
I support lower marginal corporate tax rates since we have really hung out the not welcome sign for business in this country.
Lower capital gains taxes would also grow the economy.
These are no-brainers.
Next up...liberals explain how our crumbling infrastructure needs another trillion borrowed dollars thrown at it.
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OH WAIT, IT DIDNT? 
