Trump wants 15% corporate tax rate even if it means massive debt (salaries, illegal)

[desertdetroiter]

Originally Posted by T-310

By lowering the corporate tax will cause the company to invest the money on itself. End result is the company could expand creating jobs.

Nonsense. That's NEVER happened in the history of American business.

You can only expand by gaining more market share...not by having more cash in your pocket.

[sandsthetime]

Originally Posted by T-310

By lowering the corporate tax will cause the company to invest the money on itself. End result is the company could expand creating jobs.

Originally Posted by mrmondaynight

This never happens.

Get real.

Key word in T-310's post is "could." Why did he use the word could? Because everyone knows it won't.

[le roi]

Originally Posted by stburr91

If it doesn't generate additional tax revenue, it can always be changed.

One thing is for sure, if you have more regulations, higher labor, and taxes costs, companies will continue to operate overseas, and not here.

If companies want to pollute, exploit the financial system, pay crap wages and dodge their tax responsibility, then they can stay overseas for all I care.

[moneill]

Originally Posted by T-310

Get rid of welfare.

Lower the tax rate more people will be hired.

That's not true -- it's just not true. Corporations like Apple have enormous wealth they are not sharing by expansion.

I don't mind the corporate tax rate being cut if they then stop the handouts to businesses for other things and tax credits.

We have major corporations that have a negative tax rate -- this is not right.

[moneill]

traditionally that whole concept of lower taxes, increase money for companies to invest and expand was the old school model.

What happens today -- well let's look at the rate of increase of middle income and the rate of increase of the 1%....oh look 1% get millions more and those middle income workers are still working as hard as ever for not much more.

It's a myth -- it isn't going to happen.

[ottomobeale]

Okay to the lower rates... If they get rid of the subsidies.

[Goodnight]

The tax receipts from the corporate tax was around $300 Billion in 2016, where is he making up over $150B that in lost revenue if he drops the corporate tax to 15%.


Good bipartisan government website for tax information;


https://www.jct.gov/publications.htm...rtdown&id=4989

[botticelli]

Originally Posted by greywar

Lets stick to reality instead of fantasy. You know thats not happening. So answer this question. You OK with this?

Ireland has a corporate tax rate of 12.5%, HK, Taiwan, Singapore, Switzerland, 17-18%.

Not the end of the world.

[botticelli]

Originally Posted by Goodnight

The tax receipts from the corporate tax was around $300 Billion in 2016, where is he making up over $150B that in lost revenue if he drops the corporate tax to 15%.


Good bipartisan government website for tax information;


https://www.jct.gov/publications.htm...rtdown&id=4989

Tax revenue can't be predicted like that. Otherwise, every country will charge 90% rate since the high the rate is, the more revenue the government will have, no?

[Goodnight]

Originally Posted by botticelli

Tax revenue can't be predicted like that. Otherwise, every country will charge 90% rate since the high the rate is, the more revenue the government will have, no?

I don't quite understand your point but I am in favor of reducing the corporate tax but it needs to be done in conjunction with reforming the tax code. He cannot just cut the rate to 15% without offsets, that would blow an enormous whole in the existing deficit.


If you look at tax receipts from corporations they do vary but one thing for sure is that this change would cut revenue in half, that needs to come from somewhere.