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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.
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.
View attachment 146815
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.
He's not stupid.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.
Trump's wife is an immigrant. Who knows how dangerous she is?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.
View attachment 146815
