Rand Raul is stupid, uninformed and a jasckass

[RealDave]

Most of us already knew that Rand Paul was a fraud as an eye doctor. He now demonstrates his ignorance of the US Corporate tax code in his LTE about reforming our income taxes.

First, he wants to give people a 15% reduction.

But he wants to give corporations a 57% tax cut.

As for those overseas profits corporations are not bringing back to avoid paying their US taxes? Here is what Rand Paul said:

"Finally, let's stop the double taxation and international money hoarding of our biggest companies. There is more than $2 trillion parked overseas by companies such as Apple, Google and others. Why? Because they already paid taxes on it over there, and we want them to pay 35% to bring it back. They're never going to do it. That's a fantasy."

That is not how US companies are taxed on foreign profits.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

They do not have to pay that 22.5% to the US until they bring their profits back to the US. It is that aspect that drives this idea of US corporate cash sitting overseas. Change that law to say the taxes are due in the year they are made & that would end it.

Rand Paul, US Senator, does not know this. We should quit electing these stupid, uninformed jackasses to represent us in DC.

 

[eflatminor]

Taxation of labor is immoral. End the theft.

 

[Penelope]

Rand Paul, Ron Paul, no difference. Away with the Fed Gov, Freedom Caucus. Oath Keepers came about due to Ron Paul. I will never understand what they want freedom from , except taxes. Without taxes we no longer havea country, morons.

The corps get enough subsidies as it is , and they do not pay but around 15% if that in taxes.

 

[Toddsterpatriot]

Most of us already knew that Rand Paul was a fraud as an eye doctor. He now demonstrates his ignorance of the US Corporate tax code in his LTE about reforming our income taxes.

First, he wants to give people a 15% reduction.

But he wants to give corporations a 57% tax cut.

As for those overseas profits corporations are not bringing back to avoid paying their US taxes? Here is what Rand Paul said:

"Finally, let's stop the double taxation and international money hoarding of our biggest companies. There is more than $2 trillion parked overseas by companies such as Apple, Google and others. Why? Because they already paid taxes on it over there, and we want them to pay 35% to bring it back. They're never going to do it. That's a fantasy."

That is not how US companies are taxed on foreign profits.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

They do not have to pay that 22.5% to the US until they bring their profits back to the US. It is that aspect that drives this idea of US corporate cash sitting overseas. Change that law to say the taxes are due in the year they are made & that would end it.

Rand Paul, US Senator, does not know this. We should quit electing these stupid, uninformed jackasses to represent us in DC.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

We're the only major economy that taxes corporations on their overseas earnings.
How's that working out for us?

 

[Toddsterpatriot]

Rand Paul, Ron Paul, no difference. Away with the Fed Gov, Freedom Caucus. Oath Keepers came about due to Ron Paul. I will never understand what they want freedom from , except taxes. Without taxes we no longer havea country, morons.

The corps get enough subsidies as it is , and they do not pay but around 15% if that in taxes.

The corps get enough subsidies as it is

I agree, we need to end all the stupid "green energy" subsidies.

 

[Penelope]

Most of us already knew that Rand Paul was a fraud as an eye doctor. He now demonstrates his ignorance of the US Corporate tax code in his LTE about reforming our income taxes.

First, he wants to give people a 15% reduction.

But he wants to give corporations a 57% tax cut.

As for those overseas profits corporations are not bringing back to avoid paying their US taxes? Here is what Rand Paul said:

"Finally, let's stop the double taxation and international money hoarding of our biggest companies. There is more than $2 trillion parked overseas by companies such as Apple, Google and others. Why? Because they already paid taxes on it over there, and we want them to pay 35% to bring it back. They're never going to do it. That's a fantasy."

That is not how US companies are taxed on foreign profits.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

They do not have to pay that 22.5% to the US until they bring their profits back to the US. It is that aspect that drives this idea of US corporate cash sitting overseas. Change that law to say the taxes are due in the year they are made & that would end it.

Rand Paul, US Senator, does not know this. We should quit electing these stupid, uninformed jackasses to represent us in DC.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

We're the only major economy that taxes corporations on their overseas earnings.
How's that working out for us?

How is that wrong?

 

[Penelope]

Rand Paul, Ron Paul, no difference. Away with the Fed Gov, Freedom Caucus. Oath Keepers came about due to Ron Paul. I will never understand what they want freedom from , except taxes. Without taxes we no longer havea country, morons.

The corps get enough subsidies as it is , and they do not pay but around 15% if that in taxes.

The corps get enough subsidies as it is

I agree, we need to end all the stupid "green energy" subsidies.

We have to take more away from fossil fuels and give it to renewables.

 

[eflatminor]

Without taxes we no longer havea country, morons.

So from the founding until 1913, America wasn't a country?

You were saying something about being a moron???

 

[MindWars]

So are those to stupid to know how their little political football team plays them.

and you all can't even get what is wrong with this picture, and how MSM manipulates what you think of Trump, Paul etc.................... cause you all just don't have the brain level to do it.

 

[Penelope]

Without taxes we no longer havea country, morons.

So from the founding until 1913, America wasn't a country?

You were saying something about being a moron???

Actually no, not since the founding, we did not have distinct borders and well we certainly grew,did we not? America is not a country anyway, North America is several countries aka a continent. The united states of America is a country with a Fed Gov. You want rid of the Fed. Government?

Without taxes , where were we be, please be specific.

 

[RealDave]

Most of us already knew that Rand Paul was a fraud as an eye doctor. He now demonstrates his ignorance of the US Corporate tax code in his LTE about reforming our income taxes.

First, he wants to give people a 15% reduction.

But he wants to give corporations a 57% tax cut.

As for those overseas profits corporations are not bringing back to avoid paying their US taxes? Here is what Rand Paul said:

"Finally, let's stop the double taxation and international money hoarding of our biggest companies. There is more than $2 trillion parked overseas by companies such as Apple, Google and others. Why? Because they already paid taxes on it over there, and we want them to pay 35% to bring it back. They're never going to do it. That's a fantasy."

That is not how US companies are taxed on foreign profits.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

They do not have to pay that 22.5% to the US until they bring their profits back to the US. It is that aspect that drives this idea of US corporate cash sitting overseas. Change that law to say the taxes are due in the year they are made & that would end it.

Rand Paul, US Senator, does not know this. We should quit electing these stupid, uninformed jackasses to represent us in DC.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

We're the only major economy that taxes corporations on their overseas earnings.
How's that working out for us?

"Canada Corporate - Taxes on corporate income
Choose a topic

As a general rule, corporations resident in Canada are subject to Canadian corporate income tax (CIT) on worldwide income."

Not the terminology: "World wide income."

 

[Toddsterpatriot]

Most of us already knew that Rand Paul was a fraud as an eye doctor. He now demonstrates his ignorance of the US Corporate tax code in his LTE about reforming our income taxes.

First, he wants to give people a 15% reduction.

But he wants to give corporations a 57% tax cut.

As for those overseas profits corporations are not bringing back to avoid paying their US taxes? Here is what Rand Paul said:

"Finally, let's stop the double taxation and international money hoarding of our biggest companies. There is more than $2 trillion parked overseas by companies such as Apple, Google and others. Why? Because they already paid taxes on it over there, and we want them to pay 35% to bring it back. They're never going to do it. That's a fantasy."

That is not how US companies are taxed on foreign profits.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

They do not have to pay that 22.5% to the US until they bring their profits back to the US. It is that aspect that drives this idea of US corporate cash sitting overseas. Change that law to say the taxes are due in the year they are made & that would end it.

Rand Paul, US Senator, does not know this. We should quit electing these stupid, uninformed jackasses to represent us in DC.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

We're the only major economy that taxes corporations on their overseas earnings.
How's that working out for us?

How is that wrong?

Makes us less competitive.
Gives corporations an incentive to keep their money offshore, where it does the US economy no good.

 

[Toddsterpatriot]

Rand Paul, Ron Paul, no difference. Away with the Fed Gov, Freedom Caucus. Oath Keepers came about due to Ron Paul. I will never understand what they want freedom from , except taxes. Without taxes we no longer havea country, morons.

The corps get enough subsidies as it is , and they do not pay but around 15% if that in taxes.

The corps get enough subsidies as it is

I agree, we need to end all the stupid "green energy" subsidies.

We have to take more away from fossil fuels and give it to renewables.

Which ones do you feel fossil fuels get? Do you know what subsidy means?

 

[Penelope]

Rand Paul, Ron Paul, no difference. Away with the Fed Gov, Freedom Caucus. Oath Keepers came about due to Ron Paul. I will never understand what they want freedom from , except taxes. Without taxes we no longer havea country, morons.

The corps get enough subsidies as it is , and they do not pay but around 15% if that in taxes.

The corps get enough subsidies as it is

I agree, we need to end all the stupid "green energy" subsidies.

We have to take more away from fossil fuels and give it to renewables.

Which ones do you feel fossil fuels get? Do you know what subsidy means?

Tell me.

 

[Toddsterpatriot]

Most of us already knew that Rand Paul was a fraud as an eye doctor. He now demonstrates his ignorance of the US Corporate tax code in his LTE about reforming our income taxes.

First, he wants to give people a 15% reduction.

But he wants to give corporations a 57% tax cut.

As for those overseas profits corporations are not bringing back to avoid paying their US taxes? Here is what Rand Paul said:

"Finally, let's stop the double taxation and international money hoarding of our biggest companies. There is more than $2 trillion parked overseas by companies such as Apple, Google and others. Why? Because they already paid taxes on it over there, and we want them to pay 35% to bring it back. They're never going to do it. That's a fantasy."

That is not how US companies are taxed on foreign profits.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

They do not have to pay that 22.5% to the US until they bring their profits back to the US. It is that aspect that drives this idea of US corporate cash sitting overseas. Change that law to say the taxes are due in the year they are made & that would end it.

Rand Paul, US Senator, does not know this. We should quit electing these stupid, uninformed jackasses to represent us in DC.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

We're the only major economy that taxes corporations on their overseas earnings.
How's that working out for us?

"Canada Corporate - Taxes on corporate income
Choose a topic

As a general rule, corporations resident in Canada are subject to Canadian corporate income tax (CIT) on worldwide income."

Not the terminology: "World wide income."

Canada generally exempted all foreign source income from tax until 1976,[1] when it adopted foreign affiliate rules that exist, though modified, to this day. These rules fully exempt from tax all dividends derived from active income earned by an affiliate if the affiliate resides in a country with which Canada maintains a tax treaty.[2] Because the treaty network now encompasses 91 countries and all major trading partners, the Canadian system is, in practice, a territorial system. It is often referred to as a “hybrid system,” however, because income earned in non-treaty countries is taxed on a current basis.[3]

Canada's Experience with Territorial Taxation - Tax Foundation

 

[Toddsterpatriot]

Rand Paul, Ron Paul, no difference. Away with the Fed Gov, Freedom Caucus. Oath Keepers came about due to Ron Paul. I will never understand what they want freedom from , except taxes. Without taxes we no longer havea country, morons.

The corps get enough subsidies as it is , and they do not pay but around 15% if that in taxes.

The corps get enough subsidies as it is

I agree, we need to end all the stupid "green energy" subsidies.

We have to take more away from fossil fuels and give it to renewables.

Which ones do you feel fossil fuels get? Do you know what subsidy means?

Tell me.

A subsidy is a benefit given by the government to groups or individuals, usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public.

Subsidy

 

[Toddsterpatriot]

Most of us already knew that Rand Paul was a fraud as an eye doctor. He now demonstrates his ignorance of the US Corporate tax code in his LTE about reforming our income taxes.

First, he wants to give people a 15% reduction.

But he wants to give corporations a 57% tax cut.

As for those overseas profits corporations are not bringing back to avoid paying their US taxes? Here is what Rand Paul said:

"Finally, let's stop the double taxation and international money hoarding of our biggest companies. There is more than $2 trillion parked overseas by companies such as Apple, Google and others. Why? Because they already paid taxes on it over there, and we want them to pay 35% to bring it back. They're never going to do it. That's a fantasy."

That is not how US companies are taxed on foreign profits.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

They do not have to pay that 22.5% to the US until they bring their profits back to the US. It is that aspect that drives this idea of US corporate cash sitting overseas. Change that law to say the taxes are due in the year they are made & that would end it.

Rand Paul, US Senator, does not know this. We should quit electing these stupid, uninformed jackasses to represent us in DC.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

We're the only major economy that taxes corporations on their overseas earnings.
How's that working out for us?

"Canada Corporate - Taxes on corporate income
Choose a topic

As a general rule, corporations resident in Canada are subject to Canadian corporate income tax (CIT) on worldwide income."

Not the terminology: "World wide income."

How Territorial Taxation Would Work
Under a territorial tax system, the U.S. would tax only the U.S. income of a corporation and would exempt most or all foreign income. By doing this, a territorial system would allow U.S. corporations to compete with foreign corporations on a level playing field. In order to prevent erosion of the tax base, a territorial system could still cover income from financial assets held by a foreign subsidiary that could easily be held by the U.S. company.

Territorial Systems Are the Norm
Most countries have a territorial system. Among G-7 countries, only the U.S. has a worldwide tax system. Among OECD nations, 26 have territorial systems including Australia, Canada, France, Germany, Japan, Spain, and the United Kingdom. Eight OECD nations have worldwide systems, including the U.S., Greece, Ireland, South Korea, and Mexico. The other OECD nations with worldwide tax systems have top tax rates far below the top U.S. corporate tax rate.

Senate Republican Policy Committee

 

[Penelope]

Rand Paul, Ron Paul, no difference. Away with the Fed Gov, Freedom Caucus. Oath Keepers came about due to Ron Paul. I will never understand what they want freedom from , except taxes. Without taxes we no longer havea country, morons.

The corps get enough subsidies as it is , and they do not pay but around 15% if that in taxes.

The corps get enough subsidies as it is

I agree, we need to end all the stupid "green energy" subsidies.

We have to take more away from fossil fuels and give it to renewables.

Which ones do you feel fossil fuels get? Do you know what subsidy means?

Tell me.

A subsidy is a benefit given by the government to groups or individuals, usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public.

Subsidy

Rex Tillerson Denies Oil & Gas Subsidies Exist, While Company Profits From Them - Oil Change International

 

[Toddsterpatriot]

The corps get enough subsidies as it is

I agree, we need to end all the stupid "green energy" subsidies.

We have to take more away from fossil fuels and give it to renewables.

Which ones do you feel fossil fuels get? Do you know what subsidy means?

Tell me.

A subsidy is a benefit given by the government to groups or individuals, usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public.

Subsidy

Rex Tillerson Denies Oil & Gas Subsidies Exist, While Company Profits From Them - Oil Change International

Explain what you feel IDCs are and why you feel oil companies shouldn't be able to write them off.

I'll be happy to explain why you're wrong.

 

[RealDave]

Most of us already knew that Rand Paul was a fraud as an eye doctor. He now demonstrates his ignorance of the US Corporate tax code in his LTE about reforming our income taxes.

First, he wants to give people a 15% reduction.

But he wants to give corporations a 57% tax cut.

As for those overseas profits corporations are not bringing back to avoid paying their US taxes? Here is what Rand Paul said:

"Finally, let's stop the double taxation and international money hoarding of our biggest companies. There is more than $2 trillion parked overseas by companies such as Apple, Google and others. Why? Because they already paid taxes on it over there, and we want them to pay 35% to bring it back. They're never going to do it. That's a fantasy."

That is not how US companies are taxed on foreign profits.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

They do not have to pay that 22.5% to the US until they bring their profits back to the US. It is that aspect that drives this idea of US corporate cash sitting overseas. Change that law to say the taxes are due in the year they are made & that would end it.

Rand Paul, US Senator, does not know this. We should quit electing these stupid, uninformed jackasses to represent us in DC.

If A US company opens a facility in Ireland and if Ireland has a 12 1/2% rate. The US Company would pay Ireland their rate & then Owe the US government the difference between the rate they paid & the US rate. In the above example. they would pay 12 1/2% to Ireland & 22 1/2% to the US.

We're the only major economy that taxes corporations on their overseas earnings.
How's that working out for us?

How is that wrong?

Makes us less competitive.
Gives corporations an incentive to keep their money offshore, where it does the US economy no good.

The incentive is because of the tax break whrere corps don't need tp pay those taxes until they bring those profits back.

It has nothing to do with the rate.