Shoud the Corporate Tax Rate Be Raised or Lowered? How About Both??

[Roadking2003]

Originally Posted by godofthunder9010

C.) Adjustment for CEO salary vs the lowest paid employee. ?

No. Government has no right to tell any company what to pay any of their employees. That is not a valid government role.

[ergohead]

Originally Posted by jodipper

We want to make the tax laws less complicated.

The wealthy are paying their fair share. The 50% paying nothing have to start paying theirs.

No one pays nothing.

No one who shops, that is!

[godofthunder9010]

Originally Posted by nr5667

How about corporations actually paying taxes?

We gotta start somewhere. We could have a 50% tax rate, but with the loopholes how they are, corporations would pay what they pay now - nada.

I'd kinda like to edit my initial post because I neglected to say: Everything we have today goes in the garbage. Tax credits for ergonomic toilets and snow owl safe shaving cream = ancient history. You only have two factors that will increase or decrease your corporate tax rate:
1.) Is it Made in the USA?
2.) Are you underpaying the worker bees and overpaying your queen bees (execs)?

So yes, companies like GE would have to start paying taxes.

Originally Posted by rbohm

yes i read your plan, and all it would do is drive MORE corporations to move their headquarters overseas, rather than a part of their production. and when that happens, all that tax money you think the government should get will disappear faster than a wallet at a pickpockets convention.

Well, the only way for them to escape from paying corporate taxes in the USA would be for them to stop selling all of their products in the USA. If they sell their crap here, they get taxed.

Honestly, no corporation would be so stupid. The USA is the ultimate destination on the planet for selling pretty much everything.

we are overtaxed and over regulated. a good example of that is mazda. currently they build the mazda 6 here in the states at the flat rock michigan plant that they share with ford. however mazda has found that it would be cheaper to move production of the mazda 6 back to japan, and import the cars here again. yeah, lets go ahead and institute your plan and drive as much american business off shore as possible so that we can finish off the economy, and dear leader chairman maobama can institute his marxist policies fully, and change this country to the united socialist states of america.

Solutions and answers:
1.) Overtaxed? How does paying 5% corporate taxes sound?
2.) A certain amount of regulation is essential, but there are a ton of nonsense regulations and restrictions on US companies -- mostly courtesy of special interests groups -- that we need to get rid of. So yes, by all means deregulate responsibly.
3.) If they want the -10% deduction from their corporate taxes, no they're not going to offshore things. That will net them as much as +15% ... and that just ain't good for your bottom line.

Originally Posted by Roadking2003

No. Government has no right to tell any company what to pay any of their employees. That is not a valid government role.

Nobody is telling them how to run their business. They can run it as they see fit. But if they want to run massively top-heavy paying corporations with a majority of the workforce outside the USA, then that corporation ain't doing any favors for the USA and you're going to pay a steep price for it: 55% tax on all profits made selling goods and services in the USA.

But think about it: If you're willing to significantly narrow the gap between executive pay and worker pay, and if everything you sell in the USA is 100% Made in the USA, then you only pay 5% in corporate taxes. How ridiculously nice is that? Doesn't matter if it's Ford, GE, Mercedes, Toyota, etc. The US corporate tax system will reward you for behavior that benefits the USA as a whole.

If companies feel that they know better, there's nobody holding a gun to their head. They just pay higher taxes for operating their business in a manner that is against the best interests of the USA and the American people.

[Ferd]

First explain to me how a company pays taxes without passing that cost along to their customers then we can talk.

[godofthunder9010]

Originally Posted by Ferd

First explain to me how a company pays taxes without passing that cost along to their customers then we can talk.

LOL, that goes without saying and that's the beauty of it!

If you want to price your goods and services competitively in the US market, you want to do everything possible to lower your taxes. Any company can put themselves on pace to that golden 5% corporate tax rate -- and companies that do not do so will have a hard time keeping the costs of the stuff they're selling down. Their ability to price competitively will be extremely limited.