Edgetho
Platinum Member
- Mar 27, 2012
- 15,797
- 7,039
We have the highest Corporate Income Tax of the 34 Country member OECD?
39.1%
And the 3rd highest on the Planet behind only Chad and the UAE. Which is laughable
And how come we have the highest Capital Gains tax rates FAR above the average of Countries in the OECD??
The US has both high corporate and capital gains tax rates vs. other advanced economies - AEI Pethokoukis Blog AEIdeas
Currently, the United States’ top marginal tax rate on long-term capital gains income is 23.8 percent. In addition, taxpayers face state-level capital gains tax rates as low as zero and as high as 13.3 percent. As a result, the average combined top marginal rate in the United States is 28.7 percent. This rate exceeds the average top capital gains tax rate of 18.2 percent faced by taxpayers throughout the industrialized world. Even more, taxpayers in some U.S. states face top rates on capital gains over 30 percent, which is higher than most industrialized countries. In fact, California’s top marginal capital gains tax rate of 33 percent is the third highest in the industrialized world.
And when you look at the combined tax rate on capital, you find a huge gap. The US integrated rate is 67.8% versus 43.7% for OECD economies.
And how come, if we are SO owned by Corporatists, we are the ONLY Country in the OECD that charges Income Tax on repatriated money....?????
Let me explain.
If Sony, a multinational company, makes a TV in Mexico, where they pay taxes on it, and sells it in Germany, where they also pay taxes on it, they owe nothing to the Japanese Government.
They can bring the money home and reinvest it in people, machinery and technology -- No Japanese taxes.
But if Apple makes an iPhone in China, where they pay taxes on it, and they sell it in the UK, where they pay taxes on it.......
The US Government wants Apple to pay taxes on it........!!!!
Why?
Nobody else does it. Nobody in the OECD does that. Nobody.
Apples has to pay taxes on the iPhone they make in China, then they have to pay taxes on the same phone they sell in the UK and even though the iPhone never sees the USA, dimocrap scum still want their pound of flesh.
Why?
This might help explain why Companies have in the neighborhood of 2.5 TRILLION DOLLARS sitting offshore that they won't repatriate. But, what the hell? What do we need with 2.5 TRILLION Dollars, right?
You people that think we're run by 'Corporatists.?
You're stupid. There's just simply no other way to put it.
You are mouth breathing, drool cup stupid.
Get a freaking life
39.1%
And the 3rd highest on the Planet behind only Chad and the UAE. Which is laughable
And how come we have the highest Capital Gains tax rates FAR above the average of Countries in the OECD??
The US has both high corporate and capital gains tax rates vs. other advanced economies - AEI Pethokoukis Blog AEIdeas
Currently, the United States’ top marginal tax rate on long-term capital gains income is 23.8 percent. In addition, taxpayers face state-level capital gains tax rates as low as zero and as high as 13.3 percent. As a result, the average combined top marginal rate in the United States is 28.7 percent. This rate exceeds the average top capital gains tax rate of 18.2 percent faced by taxpayers throughout the industrialized world. Even more, taxpayers in some U.S. states face top rates on capital gains over 30 percent, which is higher than most industrialized countries. In fact, California’s top marginal capital gains tax rate of 33 percent is the third highest in the industrialized world.
And when you look at the combined tax rate on capital, you find a huge gap. The US integrated rate is 67.8% versus 43.7% for OECD economies.
And how come, if we are SO owned by Corporatists, we are the ONLY Country in the OECD that charges Income Tax on repatriated money....?????
Let me explain.
If Sony, a multinational company, makes a TV in Mexico, where they pay taxes on it, and sells it in Germany, where they also pay taxes on it, they owe nothing to the Japanese Government.
They can bring the money home and reinvest it in people, machinery and technology -- No Japanese taxes.
But if Apple makes an iPhone in China, where they pay taxes on it, and they sell it in the UK, where they pay taxes on it.......
The US Government wants Apple to pay taxes on it........!!!!
Why?
Nobody else does it. Nobody in the OECD does that. Nobody.
Apples has to pay taxes on the iPhone they make in China, then they have to pay taxes on the same phone they sell in the UK and even though the iPhone never sees the USA, dimocrap scum still want their pound of flesh.
Why?
This might help explain why Companies have in the neighborhood of 2.5 TRILLION DOLLARS sitting offshore that they won't repatriate. But, what the hell? What do we need with 2.5 TRILLION Dollars, right?
You people that think we're run by 'Corporatists.?
You're stupid. There's just simply no other way to put it.
You are mouth breathing, drool cup stupid.
Get a freaking life