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It's not illegal to defer taxes on foreign income
It also not illegal to pay no taxes on foreign income.
That's why the Bush and Republican Tax Law has encouraged companies to send 8 million jobs overseas along with the hearts of their manufacturing operations.
Guess teaparty doesn't have an 'einstein', but at least a high school grad?
Lower taxes here would encourage companies to stay here.
Lower taxes here would encourage companies to stay here.
You know this?
Got a link?
Seems the direct opposite worked for Bush and Republicans for 8 years!
Lower taxes here would encourage companies to stay here.
You know this?
Got a link?
Seems the direct opposite worked for Bush and Republicans for 8 years!
Along with the jobs .... The U.S. doesn't need their cash, we need the jobs brought home .... which is what the President is working on.
So why did the title of the thread about taxes and not jobs?
I've noticed he derails his own threads a lot.
all by themselves?? no dems voted for it???
For the record, the Bush tax cuts cut taxes for everyone that pays taxes--NOT JUST THE RICH.
They passed the tax bill in 2003
all by themselves?? no dems voted for it???
For the record, the Bush tax cuts cut taxes for everyone that pays taxes--NOT JUST THE RICH.
You mean Bush and Republicans gave me a tax free loophole for my overseas profits?
Gosh, my accountant missed that ....
As I said. Drivebydumbass.
Need anyone say more??
What was in the tax bill which caused 8 million jobs to go offshore?
They passed the tax bill in 2003
What was in the tax bill which caused 8 million jobs to go offshore?
The 2003 Bush/Republican Corporate welfare handout that allowed companies to pay no tax on foreign profits.
From the opening post of this thread:
"The report by U.S. PIRG, which analyzed the public filings of the top 100 U.S. publicly traded companies, also found that 82 companies maintain subsidiaries in low-tax jurisdictions located abroad."
Lower taxes here would encourage companies to stay here.
Did you drop out of math class before 8th grade? Before 6th?
They passed the tax bill in 2003
Lower taxes here would encourage companies to stay here.
Did you drop out of math class before 8th grade? Before 6th?
Based on this line of reasoning, let's lower the corporate tax rate to $0, and companies all over the world will move here, and everyone will have a job. Out country will soon have the pollution that China does, and every individual will have to pay taxes that are high enough to pay for the entire American budget for the nation, state, county, and cities. We will pay out of our paychecks for repair of roads and bridges that are destroyed by heavy trucks, and all other expenses that are generated because of commercial activity. This means, of course, that the middle class will be destroyed, and the capitalists will own everything, like they did in 1900. The result would be a dramatic and wide disparaty between the rich and the poor, which was pretty much what caused the French Revelution. Individual taxes would be so high that all of this commercial production would have to find markets overseas, because we would not be afford to be able to buy anything. The jobs of manufacturing Fruit of the Loom underwear and TV sets would come back, but it would all be shipped to nations where people had income to buy it. We would see the rebirth of dynasty families, like the Vanderbilts, Carneges and Morgans.
Mitt Romney would, at last, feel at home in a world that he could identify with.
"We will pay out of our paychecks for repair of roads and bridges that are destroyed by heavy trucks, and all other expenses that are generated because of commercial activity.
Where do you think the money to pay for that stuff comes from now? I'll give you a hint, from our paychecks."
I don't have time to give you a basic education in economics. It is clear that you could probably do well as a Bulgarian shoe manufacturer, though. Anyway, no, road and bridge repair is paid for mostly by taxing trucks, based on weight, based on the fact that heavy loads do the most damage to roads and bridges. That would be a "corporate tax'.
Anyway, as much fun as it is to read corporate toadies take on the issue of why corporations should get a free ride in America, I have an appointment in Mexico at a dentist for a new crown on one of my teeth , so I bid you farewell, as you continue the good fight for corporations enjoying the benefits of our country, at the expense of the citizens who pay for it.
