francoHFW
Diamond Member
- Sep 5, 2011
- 79,271
- 9,399
Bs, hater dupe.. And yes. On average, they pay about 24% of income in ALL taxes and fees, while Mitt is back to about 8%. And GE 0%.12.7% Effective rate. A disgrace. Many Big Corps don't pay their fair share.No one actually paid a 90% rate..
I've explained that over and over again.
By the way, when it was 90%? None of them left.
Where were they going to go?
Businesses up and move on a heartbeat today. Unlike years ago when travel was dangerous and moving businesses overseas was not profitable, people had no choice but to put up with taxation.
Because we outpaced ourselves in wages, people in other countries work for far less money. Businesses can operate using our internet and computer systems. Companies no longer have to fly VIP's across the country or world to have meetings. They have meetings over the internet on one of our dozens of services--some even for free.
So for me to move my widget business is a no brainer if the government here is going to take all my money anyway. What do I have to lose? I have everything to gain by leaving the US.
YOU DO REALIZE IF YOU WANT TO DO BUSINESS IN THE US, REGARDLESS OF WHERE YOU ARE H/Q, YOU WOULD OWE US TAXES RIGHT?
Reasonable taxes yes, unreasonable, no.
The US has the second highest corporate tax rate in the world. Granted not all pay that tax, but still many do.
So it all depends on where your industry falls when it comes to taxation. Some do better here while others don't.
Does that family of four paying zero in income taxes until the gross income is almost $50,000/year, based solely on the makeup of the family, pay their fair share?