Ray From Cleveland
Diamond Member
- Aug 16, 2015
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That corp tax rate is also IMAGINARY, dupe. They pay an effective rate of 12% and 55% of giant corps pay nothing, dupe. You're a talking point chump going lalalalalalalal/ Later muchSo you totally have no clue...Free community college? Immigration bill? Training for tech? Infrastructure ank? Taxes on rich and corps?etc etcWhat jobs? My industry can use tens of thousands of people. We can't find them. Employers are hiring foreigners to do the work. And we were talking about this just the other day at work: when we go to these industrial sites, all you see is HELP WANTED signs. Signs everywhere like there was an election coming up or something. You go down the same streets a month later, the signs are still out on their lawns.
So stop blocking programs to train our workers duh.What jobs? My industry can use tens of thousands of people. We can't find them. Employers are hiring foreigners to do the work. And we were talking about this just the other day at work: when we go to these industrial sites, all you see is HELP WANTED signs. Signs everywhere like there was an election coming up or something. You go down the same streets a month later, the signs are still out on their lawns.
Nobody is stopping anything except in your little mind. DUH!
You said that we were stopping them. Nobody is stopping anybody from anything. You want to learn a trade, I say great, but you have to pay for it--not me.
Our corporations already pay the highest tax rate in the entire world, that's one of the reasons why many of them moved out of the country. So you want to increase taxes even more and have more companies move out?
Oil and Gas Company Tax Breaks
Posted on February 28, 2008
It’s true that Sens. Hillary Clinton and Barack Obama have associated the transfer of U.S. jobs overseas with tax breaks, or loopholes, for companies that practice off-shoring:
Both candidates are referring to a feature of the U.S. tax code that allows domestic companies to defer taxes on “unrepatriated income.” In other words, revenue that companies earn through their overseas subsidiaries goes untaxed by the IRS as long as it stays off the company’s U.S. books.
But economists, including left-leaning ones, do not agree that eliminating this provision will bring an end to off-shoring. And here’s why: In the U.S., companies are taxed 35 percent on earnings of $10 million to $15 million or on all earnings over $18.3 million. That’s one of the highest corporate tax rates in the world, making an overseas move somewhat attractive to companies that wish to avoid the U.S. tax rate. But that’s not the leading reason companies send jobs overseas. According to a 2005 report by the Government Accountability Office, global technological advancement, increased openness of countries such as China and India, the higher education level of foreign workers in technological fields, and the reduced cost per foreign worker are all contributing factors to off-shoring.
Oil and Gas Company Tax Breaks