Inversion and double taxation..

[Manonthestreet]

Funny I dont remember anyone saying that back then.... I do recall...yeeeaaahhhh Obama

 

[JakeStarkey]

Funny I dont remember anyone saying that back then.... I do recall...yeeeaaahhhh Obama

no, you don't

 

[healthmyths]

Isn't it just amazing how so called conservatives do not believe in corporate patriotism in todays world, yet just 75 years ago they had no problem with the idea...
We must think of the investor and profit first, since we hold no endearment for the nation that helpls to build that wealth.

So now consumers are and should be forced to buy foreign produced goods, why? Because the rich people claim we should.

the WWII generation saw 90% tax rates on incomes both personally and with business, yet they were able to make a profit while producing in the USA and were proud to say and do so..Yet today, greed and the almighty dollar is the only focus of business of Americans that start in America to make more profit, even if it screws the average American and forces the burden of taxes and infrastructure upon them...

You peoples greed should make you feel better, superior and not in the least to be associated with evil characters in movies.. HA! That's not what the average citizen is thinking..
The OP author is a little shy on ideas but redundancy of infrastructure, R&D, Sciences etc. but never does he realize that these items are done at taxpayers cost and the benefit goes directly to corporate coiffeurs and benefits their bottom line.. Yet the rich don't want to pay taxes, only lip service..

Not one of you seemed to follow the chart...
The USA was at the bottom of the 36 countries at the 39% tax rate.

Yes WWII saw 90% and guess who cut it? John Kennedy.
The president proposed in 1963 to cut income taxes from a range of 20-91% to 14-65% .
He also proposed a cut in the corporate tax rate from 52% to 47%.
Ironically, economic growth expanded in 1963, and Republicans and conservative Democrats in Congress insisted that reducing taxes without corresponding spending cuts was unacceptable. Kennedy disagreed, arguing that
“a rising tide lifts all boats” and that strong economic growth would not continue without lower taxes.
JFK on the Economy and Taxes - John F. Kennedy Presidential Library & Museum

"YOU PEOPLES".. greed! Funny... you mentioned how you were influenced by "evil" characters in movies!
How totally naive people like you are and how appropriate your name being "moonglow"...
Tell me "moonglow" who do you think gives more money to charities wealthy millionaires or poor people.. not a percent of their income because we all know millionaires give a smaller percentage..i.e. 5% of $1m is STILL though way larger then 10% of $20,000!

 

[JakeStarkey]

hm cannot tell you why the higher tax rates in the 1990s produced a better economy than that of GWB in 2007 and 2008 with much lower rates.

The entrepreneurs rape profit not create wealth.

The great consumer class of Americans drive the wealth curve and the standard of living for all Americans.

 

[healthmyths]

hm cannot tell you why the higher tax rates in the 1990s produced a better economy than that of GWB in 2007 and 2008 with much lower rates.

The entrepreneurs rape profit not create wealth.

The great consumer class of Americans drive the wealth curve and the standard of living for all Americans.

Where are your facts Jake... because HERE IS REALITY!!!

In spite of having to deal with EVENTS NO other president ever had occur in their terms.. i.e.
1) Dot.com bust... cost: $5 trillion in asset losses! Jobs: 300,000 lost.

2) Just a minor event 9/11!!! Cost $1 trillion... Jobs: 600,000! Wall street down 10 days no flights 3 days nothing like this had ever happened.
and Idiots like YOU forget this! HOW f...king stupid!!
Of those lost jobs, 226,000 were in travel and tourism. At the World Trade Center, 1,100 businesses were disrupted.
It took four years before the unemployment rate returned to its pre-9/11 level.
The economy before and after 9/11- MSN Money

3) Worst HURRICANE SEASONS.. NOT only worst hurricanes but SEASONS:
And of the 10 Costliest Catastrophes..
Costs in businesses:
Kiplinger - Interstitial
10. Hurricane Rita 2005
8. Hurricane Ivan 2004
7. Hurricane Charley 2004
6. Hurricane Wilma 2005
5. Hurricane Ike 2008
3. 9/11 Terrorist Attacks 2001
1. Hurricane Katrina 2005...

In spite of the above monumental events that NO President has had ever to contend with:

At the total people
end of working
2000...... 131,785,000 2,792,000 dot.com and recession starting!!!
2001...... 131,826,000 41,000 dot com Recession that started 3/01 ended 11/11 /9/11
2002...... 130,341,000 -1,485,000 effect off 9/11
2003...... 129,999,000 -342,000
2004...... 131,435,000 1,436,000
2005...... 133,703,000 2,268,000
2006...... 136,086,000 2,383,000
2007...... 137,598,000 1,512,000
2008...... 136,790,000 -808,000 Sep 18,2008 $500 billion withdrew almost collapsing world economies!
5 million net more people working then at the end of 2000.

And the Federal Budget deficits DECREASED in spite of losing revenue due to dot.com bust, 9/11/hurricanes...

AFTER the tax cuts REVENUES Increased an average of 9.78% per year!!!

Government Revenue Details: Federal State Local for 2008 - Charts

Income difference % increase
taxes prior yr decrease
2000 $1,211
2001 $1,145 -$66 -5.47% 9/11 remember Wall street closed, no flights 3 days.. billions lost in property
2002 $1,006 -$139 -12.14% recovery
2003 $926 -$81 -8.04%
2004 $998 $73 7.87% tax cuts actually start here... and what was the increase in revenues!!!
2005 $1,206 $207 20.76% increase in revenues!!!
2006 $1,398 $192 15.95% increase in revenues!!!
2007 $1,534 $136 9.72% increase in revenues!!!
2008 $1,450 -$84 -5.45% economic collapse $500 billion pulled 9/18/08 in 2 hours..

GWB had the Largest Gross Domestic Product in history!!
When Bush took office in 2001 GDP was $12.355,271,000,000
when Bush left office in 2008 GDP was $14,359,490,000,000
A 16% increase in GDP or $2 TRILLION.

Bush growth of the GDP was greater then Clinton in 2005 GDP grew at 6.5% Clinton's best:6.4%
Measuring Worth - GDP result.


And ALL of this IN SPITE of ignorant people like you and the MSM that told us TOLD US.............

"MSM job is to Bash the President"...
Evan Thomas Editor of NewsWeek's quotes Well, our job is to bash the president, that's what we do." --
Evan Thomas responding to a question on whether the media's unfair to Bush on the TV talk show Inside Washington,
February 2, 2007.Newsweek's Evan Thomas: 'Our Job Is To Bash the President' | NewsBusters

MSM Job to Bash the President..."
But what about Obama ... any bashing here???

COLOR="Blue"]I mean in a way Obama’s standing above the country, above – above the world, he’s sort of God." [/COLOR]
Evan Thomas on Hardball, Newsweek?s Evan Thomas: Obama Is ?Sort of God? | NewsBusters

So JAKE...
Explain how in spite of the worst events in American history occurring from 2001 to 2008 --- Dot.com/9/11/hurricanes...
Explain jake how in spite of the MSM job to BASH BUSH while today elevating Obama to god status....
Explain Jake... how in spite of all that nearly 2 million children were saved from Starvation...
Explain Jake... how come the African community love Bush more then Obama...
Explain Jake... how come Obama is "his brother's keeper"... yet his OWN flesh and blood brother lives in a $12/year hut???
Explain Jake... how come in spite of these people encouraging the terrorist to murder our citizens...
U.S. Rep. John Murtha(D) "Our troops killed innocent civilians in cold blood,”

Senator Kerry (D) "American soldiers going into the homes of Iraqis in the dead of night, terrorizing kids and children."

Durbin (D) "must have been done by Nazis, Soviets"--action of Americans in the treatment of their prisoners.
Senator Obama said "troops are air-raiding villages and killing civilians,"

Explain those events away JAKE!!

 

[healthmyths]

the truth is Jake.............
You can't handle the truth!

 

[JakeStarkey]

Handle your misinformed analysis and subsequent propaganda?

Fact: Clinton years were far more productive for the entire country with higher tax rates than the Bush years in 2001 to 2008.

hm has real trouble fitting the facts to his philosophy, but refuses to fit his philosophy to the facts.

 

[Listening]

Handle your misinformed analysis and subsequent propaganda?

Fact: Clinton years were far more productive for the entire country with higher tax rates than the Bush years in 2001 to 2008.

hm has real trouble fitting the facts to his philosophy, but refuses to fit his philosophy to the facts.

Oh looky....

Another RapeAndIceCream correlation follower.

Never mind that Clinton was riding the heels of an expanding economy that had become very healthy. You can raise taxes in those circumstances.

To say that is the only factor is to admit you are more stupid that Jethro Bodine.

 

[KissMy]

healthmyths believes in barrow & spend to destroy the dollar, savings, wages & jobs. He believes in job offshoring & destroying high payroll tax to fund rich & corporate tax cuts. He is clueless how economies work. All the numbers turn on presidential elections, yet he believes presidents have no control of economies, wars, etc. He will go to the grave believing all 4 Bush caused recessions, 3 wars & Katrina disaster were all just bad luck timing & had nothing to do with Bush policy. He believes Clinton & Obama are just lucky to have caused no recessions or major wars during their terms.

 

[healthmyths]

Handle your misinformed analysis and subsequent propaganda?

Fact: Clinton years were far more productive for the entire country with higher tax rates than the Bush years in 2001 to 2008.

hm has real trouble fitting the facts to his philosophy, but refuses to fit his philosophy to the facts.

GUESSES!!! HYPERBOLE!!!
Prove it!
I did! Where's your proof?
Again one simple table!!!
AFTER the tax cuts REVENUES Increased an average of 9.78% per year!!!

Government Revenue Details: Federal State Local for 2008 - Charts

Income difference % increase
taxes prior yr decrease
2000 $1,211
2001 $1,145 -$66 -5.47% 9/11 remember Wall street closed, no flights 3 days.. billions lost in property
2002 $1,006 -$139 -12.14% recovery
2003 $926 -$81 -8.04%
2004 $998 $73 7.87% tax cuts actually start here... and what was the increase in revenues!!!
2005 $1,206 $207 20.76% increase in revenues!!!
2006 $1,398 $192 15.95% increase in revenues!!!
2007 $1,534 $136 9.72% increase in revenues!!!
2008 $1,450 -$84 -5.45% economic collapse $500 billion pulled 9/18/08 in 2 hours..

 

[JakeStarkey]

Guess what.

The facts stand for themselves.

hm, the 99% do not care about the 1%, and they should never care.

You are an unuseful tool for the rich.

 

[KissMy]

All Bush did was cause massive inflation. His appologist try to claim it was economic expansion & revenue, but it was nothing of the kind. It was fake money bubble expansion until it popped.

Bush's Soaring Cost of Living

Bush's Exported Jobs

 

[The Rabbi]

Isn't it just amazing how so called conservatives do not believe in corporate patriotism in todays world, yet just 75 years ago they had no problem with the idea...
We must think of the investor and profit first, since we hold no endearment for the nation that helpls to build that wealth.

So now consumers are and should be forced to buy foreign produced goods, why? Because the rich people claim we should.

the WWII generation saw 90% tax rates on incomes both personally and with business, yet they were able to make a profit while producing in the USA and were proud to say and do so..Yet today, greed and the almighty dollar is the only focus of business of Americans that start in America to make more profit, even if it screws the average American and forces the burden of taxes and infrastructure upon them...

You peoples greed should make you feel better, superior and not in the least to be associated with evil characters in movies.. HA! That's not what the average citizen is thinking..
The OP author is a little shy on ideas but redundancy of infrastructure, R&D, Sciences etc. but never does he realize that these items are done at taxpayers cost and the benefit goes directly to corporate coiffeurs and benefits their bottom line.. Yet the rich don't want to pay taxes, only lip service..

There is no such thing as "corporate patriotism." That is a term invented by leftists that means "bend over while we fuck you harder."
Corporations have a legal fiduciary duty to their owners to maximize their value. They have no legal duty to pay taxes they do not owe.

 

[The Rabbi]

healthmyths believes in barrow & spend to destroy the dollar, savings, wages & jobs. He believes in job offshoring & destroying high payroll tax to fund rich & corporate tax cuts. He is clueless how economies work. All the numbers turn on presidential elections, yet he believes presidents have no control of economies, wars, etc. He will go to the grave believing all 4 Bush caused recessions, 3 wars & Katrina disaster were all just bad luck timing & had nothing to do with Bush policy. He believes Clinton & Obama are just lucky to have caused no recessions or major wars during their terms.

You arent the biggest ignoramus on this board only because competition is steep. But that post moved you up a notch.

 

[The Rabbi]

All Bush did was cause massive inflation. His appologist try to claim it was economic expansion & revenue, but it was nothing of the kind. It was fake money bubble expansion until it popped.

Bush's Soaring Cost of Living

Bush's Exported Jobs

Another idiot who can't read a chart.
What is it with these people?

 

[JakeStarkey]

the Rabbi speaketh

inversion must be severely punished

 

[KissMy]

Idiots whine about Irish tax rates are lower than here in the USA. Bottom line is the Average Tax Rate Collected from Irish Times Top 1000 Irish Companies was 15.5% in 2012. Plus Irish have a 20% withholding tax rate on dividends and other profit distributions, including cash and even on little scrip dividends like frequent flier miles. The Irish are actually collecting 35.5% from their top 1000 companies. A higher 25 per cent rate applies in respect of investment, rental and other non-trading profits, as well as certain petroleum, mining and land-dealing activities, while chargeable capital gains are taxable at the capital gains tax rate of 33 per cent.

Here in the USA we are letting our top companies exploit loopholes to avoid nearly all taxes including real estate property taxes. The average tax collected on US corporations was only 12.6%.

Here in the US we payroll & income tax our workers out of jobs. That way US companies fire US workers to reduce tax burdens & hire low taxed foreign workers.

The Bush tax changes were so large and numerous that many books and analysis papers were published regarding the changes and how to best take advantage of them. It shifted the tax burden from corps to workers causing corps to fire US workers & go offshore where workers are taxed less. This exploded US corporate after tax profits & US job loss.

 

[The Rabbi]

Idiots whine about Irish tax rates being low. Bottom line is the Average Tax Rate Collected from Irish Times Top 1000 Irish Companies was 15.5% in 2012. Plus Irish have a 20% withholding tax rate on dividends and other profit distributions, including cash and even on little scrip dividends like frequent flier miles. The Irish are actually collecting 35.5% from their top 1000 companies.

Here in the USA we are letting our top companies exploit loopholes to avoid nearly all taxes including real estate property taxes. The average tax collected on US corporations was only 12.6%.

Wow who knew that companies were run by flaming incompetents who can't figure out that their taxes go up, not down, by moving to Ireland.
The truth is the details of the tax laws matter, and Irish tax laws are more lenient in many respects.

 

[KissMy]

Facebook reported $1.1 billion in pre-tax profits from U.S. operations in 2012, but it actually paid zero federal and state taxes—and even receive a federal tax refund of about $429 million.

The tax footnotes in Facebook’s Jan. 30 financial statement is an amazing admission & there’s nothing illegal about it. Companies like Facebook are allowed to treat the cost of non-cash compensation, such as stock options, as an expense that reduces profits, essentially the way they treat cash compensation such as salaries.

You won’t find any $429 million tax refund in Facebook’s financial statements. Indeed, the company says it had a $559 million federal tax liability in 2012. But that liability isn’t an actual payment. In a footnote, the company also said that it had a $1.03 billion “excess tax benefit” last year related to “stock option exercises and other equity awards.” That benefit is what flips the federal tax liability into a refund.

Facebook executives’ conference call with analysts. On the call, Chief Financial Officer David Ebersman cited the accumulated tax benefits and noted that the company ended the fiscal year with nearly $10 billion in cash and investments, “giving us great flexibility and risk protection.”

 

[healthmyths]

Handle your misinformed analysis and subsequent propaganda?

Fact: Clinton years were far more productive for the entire country with higher tax rates than the Bush years in 2001 to 2008.

hm has real trouble fitting the facts to his philosophy, but refuses to fit his philosophy to the facts.

LINKS!!! REALITY!!! FACTS!!! WHERE ARE THEY JAKE?>?>
AFTER the tax cuts REVENUES Increased an average of 9.78% per year!!!

Government Revenue Details: Federal State Local for 2008 - Charts

Income difference % increase
taxes prior yr decrease
2000 $1,211
2001 $1,145 -$66 -5.47% 9/11 remember Wall street closed, no flights 3 days.. billions lost in property
2002 $1,006 -$139 -12.14% recovery
2003 $926 -$81 -8.04%
2004 $998 $73 7.87% tax cuts actually start here... and what was the increase in revenues!!!
2005 $1,206 $207 20.76% increase in revenues!!! AFTER THE TAX CUTS
2006 $1,398 $192 15.95% increase in revenues!!!
2007 $1,534 $136 9.72% increase in revenues!!!
2008 $1,450 -$84 -5.45% economic collapse $500 billion pulled 9/18/08 in 2 hours..