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Ironic that the US has the highest corporate tax rate which made a lot of US companies relocate to other countries and then complain when the corporate tax rate is reduced to make US companies come back... apparently, Democrats think US companies should NOT be in the US...
i don't know any companies paying high tax rates .
Do you read Qs at all? if so you will MSFT which keeps BILLIONS off shore only pays about 17% in the USA.
google paid 7% they too keep money offshore....
we could do this all day, try looking some up yourself.
So before you start pretending dems this or dems that, why not look some stuff up, get a basic grasp of the topic before you sling mud.
overall estimates for US med to large us corps is about low teens to mid twenties , we can argue where it lands but it is well in that range...
dropping the rate to 15% is really about hiding the "Pass Through" tax cut from 39% to 15%... a stunningly simple trick that allows ORDINARY income in the thousands, millions or even billions to be charged at 15%...
The left should be barred from all discussions regarding national debt after what their last administration left us with. Their credibility is shot on that issue
The left should be barred from all discussions regarding national debt after what their last administration left us with. Their credibility is shot on that issue
You mean where a president used deficit spending with the help of a bipartisan congress to minimize the damage from a recession, then where the Republican controlled congress with the presidents advice and consent slowly lowered the deficit spending year after year?
This is basic economics, you can argue they should have pulled back spending faster, but it was absolutely the correct thing to do.
The argument here is about what you do when NOT in or recovering from a recession, and the answer is that you pay down the deficit so it can be used during the next recession to minimize the size of the swing.
The right should be barred from all discussions regarding national debt after what their last administration left us with, and what their current one is planning to do. Their credibility is shot on that issue.
i don't know any companies paying high tax rates .
Do you read Qs at all? if so you will MSFT which keeps BILLIONS off shore only pays about 17% in the USA.
google paid 7% they too keep money offshore....
we could do this all day, try looking some up yourself.
So before you start pretending dems this or dems that, why not look some stuff up, get a basic grasp of the topic before you sling mud.
overall estimates for US med to large us corps is about low teens to mid twenties , we can argue where it lands but it is well in that range...
dropping the rate to 15% is really about hiding the "Pass Through" tax cut from 39% to 15%... a stunningly simple trick that allows ORDINARY income in the thousands, millions or even billions to be charged at 15%...
Very few corporations pay anywhere near 35% so they are already competitive with other countries. If nothing else the tax code needs reform to even the playing field. Even so on balance revenue needs to be maintained not decreased.
Very few corporations pay anywhere near 35% so they are already competitive with other countries. If nothing else the tax code needs reform to even the playing field. Even so on balance revenue needs to be maintained not decreased.
I think the biggest thing would be to start pulling apart all the things used to avoid taxes, and next year see what occurs to revenue. If it goes up, lower the tax rate accordingly, and repeat until a balance that helps pay down the deficit is achieved. Repeat every year forever.
I think the biggest thing would be to start pulling apart all the things used to avoid taxes, and next year see what occurs to revenue. If it goes up, lower the tax rate accordingly, and repeat until a balance that helps pay down the deficit is achieved. Repeat every year forever.
Good point I believe temporary changes were recommended I would love to see all these special interest tax advantages disappear.
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