EdwardBaiamonte
Platinum Member
- Nov 23, 2011
- 34,612
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yes, you either pay the highest tax rate in the world or move out of the country to avoid them. In their zeal to punish corporations liberals collect little corporate taxes in the end while driving corporations and jobs off shore.
To compile the pure ignorance liberals lack the IQ to know that any corporate tax is just an expense that is is passed on to consumers in the form of higher prices.
U.S. effective corporate tax is the 16th lowest among the 20 industrialized nations.
There are two reasons why corporations off-shore:
1) Walk from previously deferred income.
2) To purchase product or equipment and deduct the cost from monies not taxed.
Either way, it screws the U.S. taxpayer.
too stupid if tax was 40% no deductions prices would rise by the amount of the tax since corporations are tax collectors not tax payers. We have the corporate tax only to pander to the pure ignorance of fools like you.