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I defend business, because business is the economic engine that provides jobs, increased standard of living, tax revenue, innovation, etc. etc.
Why do you vote for Democrat candidates that invest, work for and take profits from big corporate America?
Are you going to tell us how you feel about Michelle Obama working at the firm Sidley Austin doing intellectual property, patent law, for big business?
You are preaching to the choir! I happen to agree with Milton Friedman and Ayn Rand. However, I do not defend crony capitalism as you always do.
LOL. Dishonest says the person who tries to deflect the topic from taxes...to whether someone pays less then the top 1%. What? Don't want to talk about disposable income? Don't want to discuss actual rates?
To be fair 90% of the top 1% get eat up in income taxes. That's your doctor's, successful engineers, and the rest of the upper-professional class of America. It's the top .1% that doesn't pay squat as a percentage of their income.
And if corporations in the US really wanted the statutory corporate tax rate changed, it would have happened a long time ago. Just the act of "moving" a business comes with all kinds of tax breaks and a high corporate tax rate is offset by a super low federal income tax rate for those who run these businesses.
You are preaching to the choir! I happen to agree with Milton Friedman and Ayn Rand. However, I do not defend crony capitalism as you always do.
Crony capitalism is not the free market.
WRONG!!!
Crony capitalism is the friend of large government, which I am not.
Crony capitalism includes things like the sweetheart deal Obama gave the insurance companies under ACA. It's the bank bailouts. It's the complicated tax system that provides breaks for the larger corporations. It's the buddy buddy system which allows politicians to hook up their family members, friends and donors with all sorts of business benefits.
If you have read what I write, you'd know that I hate crony capitalism.
I'm guessing your claim comes from being butt hurt by me pointing out that you weren't paying attention and made an ignorant comment.
If what you say is the truth, why, oh why would so many U.S. companies choose to move their domeciles elsewhere, Ireland, Canada, Bermuda and so on?
Quote:
Originally Posted by greywar
Why do people keep repeating this lie? Seriously. WHY?
We DO have a high statutory rate, but we end up having a VERY low effective rate. Do you even comprehend the difference? These companies are doing it for only a small tax rate change. And people like you seem to want us to "race to the bottom". Know how that ends?
If it is legal, then it is not a loophole, other than in the mind of people who equate legal use of the tax codes with being immoral. Speaking of staying on point, since I started the thread on the basis of governments setting tax law and policy, then they had no further to look than politicians of all stripes. That is who people like yourself need to focus.
Not corporations who follow and use the tax code as written, legally. Please try your best to stay on topic.
Quote:
Originally Posted by greywar
OH noes!! Someone is talking about the incredibly wealthy avoiding taxes! Lets grab that water bucket, and go on about how the incredibly poor aren't paying enough!
Really? Stay on topic folks, we're talking about a company based in the US exploiting a loophole to claim they are based elsewhere.
Ireland, Canada and Bermuda are hardly third world countries.
Quote:
Originally Posted by greywar
And of course your solution is a race to the bottom where the US becomes some 3rd world country unable to pay their bills, all in the name of providing big business with even more massive incomes.
Last edited by earthlyfather; 11-25-2015 at 11:32 AM..
I believe it is the FDA, (if not the FDA, then another federal government bureaucracy), that grants approval and exclusive - for a set number of years - license for drugs. Holding back generics. So, again, look to the politicians when complaining about this. What Pfizer does is follow the law established by politicians and or bureaucracies granted the latitude to establish the details.
Sort of like in the case PPACA, but that is another thread.
Quote:
Originally Posted by crouching_tiger
How about Pfizer stop charging us double and triple the price for the same drug sold overseas for less? How about the stop prohibiting generics from being allowed into the market?
If it is a fiction as you contend, then it is a fiction that politicians from both sides of the aisle have crafted through passage of tax laws over the decades. Are you so senile to not get that the boogeyman is not the woman or corporation who follows established law, but the _______ who wrote, negotiated, and passed the laws only to be signed into law by another _______?
Try again to follow the thread topic. What one word will you use to fill in the above blanks?
Quote:
Originally Posted by greywar
Except they aren't leaving. They are staying right here. Its a fiction. We're not discussing a company leaving the country, we're discussing them staying, and claiming to be based elsewhere.
As the OP I need to inform you that Pfizer just happened to be handy - news of the day and all. This thread was conceived as, executed as a discussion of the U.S.government's actions or inactions with regard to tax laws. Always, from the get go, in the beginning this is and was the topic. Trust me on that.
Quote:
Originally Posted by greywar
When was it OK to get all the benefits without any of the costs?
If you want to discuss that nonsense that create a topic about it. This is about pfizer and inversions. Changing the topic?
Research my post history, I have discussed it at length. I dont feel like reposting it because of your claimed ignorance on the topic.
See above. Google it and educate yourself. A easy google search. Use this term:
Kansas disaster
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