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Then whoever is in the government then will get to deal with them. I assumed that when you said your taxes will go up, you mean when the law goes into effect - not 10 years later.
What about when the cuts expire?
Then whoever is in the government then will get to deal with them. I assumed that when you said your taxes will go up, you mean when the law goes into effect - not 10 years later.
Why make some cuts expire at all when others in the law definitely do not expire?
If all the cuts cannot continue (to fit under whatever limit for the next 10 years), something has to expire. Better the personal tax than the business. You can't pay taxes if you don't have a job and higher business taxes encourage leaving to Canada/Ireland.
So better to screw the middle class and poor.
Yeah, all our jobs went to Ireland.
700 US companies now located in Ireland as direct investment soars
A major draw for US firms is Ireland’s low 12.5% corporation tax rate and numerous controversial tax breaks
https://www.theguardian.com/world/20...-us-investment
This article was back in Mar 2015 - so probably more than 700 companies by now. It's a multi-fold problem - the companies employ 130,000 (as of this article - probably more now) - plus the supporting businesses (you know, all those restaurants/commercial real estate/cleaners - other jobs for the middle class and poor). And when these companies move to Ireland, they pay corporate taxes (12.5%) to Ireland - not to the US (38.9%).
Yeah, that will prevent all gun deaths in America. Just get rid of the illegals.Disgusting
38.9%
You really believe the crap you're fed or do you just repeat it?
Im sure youre right and everyone else is wrong.
Democrats wont run on the GOP raising tax on low and middle-class Americans in 2018 and 2020. People wont do their taxes and see an increase.
Boy did they up.
Why don't you show where my math is wrong? Please show your numbers on where the average/median US wage earner is going to have a tax increase. That article is WRONG on so many levels from its math to it implying than an increase in a DEDUCTION is a bad thing for the tax payer? Yes, in this case, the media is wrong and you people continue to believe it without checking the math and PERPERTUATE the falsehood by passing around articles like this. FYI, this plan goes into effect for 2018 so, no, people will not have done their taxes under this plan when they vote in 2018.
The U.S. Has Highest Corporate Tax Rate Among Major Economies
You really believe the crap you're fed or do you just repeat it?
This year, the U.S. has the highest top statutory corporate tax rate among nations in the Organization for Economic Cooperation and Development (a group of advanced economies). The U.S. rate is at 38.9 percent, which reflects the top U.S. federal rate, combined with average state and local taxes. Here’s how that stacks up to other nations’.
0%
10%
20%
30%
40%
38.9%
34.4%
34.0%
30.2%
30.0%
30.0%
30.0%
29.5%
29.0%
28.0%
27.8%
27.1%
26.7%
25.0%
25.0%
25.0%
25.0%
24.2%
24.0%
24.0%
22.0%
22.0%
21.1%
21.0%
20.0%
20.0%
20.0%
20.0%
19.0%
19.0%
19.0%
19.0%
15.0%
12.5%
9.0%
United StatesFranceBelgiumGermanyAustraliaMexicoJapanPort ugalGreeceNew ZealandItalyLuxembourgCanadaAustriaChileNetherland sSpainKoreaIsraelNorwayDenmarkSwedenSwitzerlandSlo vak RepublicEstoniaFinlandIcelandTurkeyCzech RepublicPolandSloveniaUnited KingdomLatviaIrelandHungary
Source: OECD
Credit: Danielle Kurtzleben/NPR
https://www.npr.org/2017/08/07/54179...e-in-the-world
Sorry, can't get it to format properly but you can look at the table in the article - it clearly has US at the top with 38.9% and Ireland at second to the bottom at 12.5%.
And that's really rich coming from you about me believing the crap I'm fed after YOU posted that Forbes article loaded with falsehoods which I debunked.
with all the loopholes, deductions, scams, avoidances, evasions, the EFFECTIVE US corporate tax rate is 11%
And US corporate tax contribution as percentage of total USA tax revenue is the SMALLEST among all industrial nations.
Last edited by boutons_deux; 12-03-2017 at 09:09 AM.
I guess, that's why those 700 companies went through the trouble and expense of moving to Ireland - if every one of them can take advantage of all those loopholes, deductions, scams, avoidances, evasions every year. Stupid, aren't they?
nope, offshoring/evading profits is hardly the only way the oligarchy has rigged the US tax code to evade taxes.
btw, those untaxed $2Ts of BigCorp profits supposedly overseas are offshore only on paper. They are actually in the US and playing in the US Wall St casino.
Your trying to claim companies actually pay that is completely disingenuous. You know they don't. It's right there in the article you posted.
Do I some years claim losses on stocks, or HOPE/Lifetime Learning education credits, or children (when they earn too much to be claimed as beneficiary), or whatever I can find to reduce my taxes? Does that mean that I can claim each of those every year? Do you blame me for taking every legal deduction that I can?Your trying to claim companies actually pay that is completely disingenuous. You know they don't. It's right there in the article you posted.
The fact that so many companies are relocating abroad because of tax purposes should tell you something - they are not stupid and they are not going to all that trouble and expense because they are paying less taxes here in the US - regardless of whatever loopholes, scams and whatever else bou thinks they can take. If their rate truly was less than Ireland or Canada, they'd just stay here in good ole US of A.
You tried to get away with saying companies pay twice as much in the US than they actually do.
You are a completely disingenuous poster.
Splits, would you please post the link where you got this from?
it says cbo.
She'll come back with "CBO bad" and won't produce any competing projections.
Pavlov is a troll. You will get nothing of value from this person. You are in essence arguing with a brick wall.
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