Obama & The Treasury Go After "inversions"

[Mac1958]

And away we go:

Treasury unveils measures to combat tax inversions - MarketWatch

That'll teach those corporations to follow their legal mandate to maximize shareholder value.

Good thing this administration is so business-friendly.



.

 

[LoneLaugher]

Legal mandate? I'd like to see that legislation. Please provide a link.

Thanks.

 

[Seawytch]

Am I supposed to muster outrage over making it more difficult to move a company into a PO Box in the Bahamas?

 

[LoneLaugher]

Am I supposed to muster outrage over making it more difficult to move a company into a PO Box in the Bahamas?

Yes. It is a regulation that we are talking about. All regulations are bad and are detrimental to business. Didn't you know that?

 

[Stephanie]

But don't call Obama (dicktator) and his administration, tyrants, Socialist, Marxist, COMMIES

 

[Mac1958]

I just wish Obama would stopping such a pussy and raise corporate tax rates to 50% or 70% or so.

Cuz then we'd have a lot more money 'n stuff.



.

 

[JoeB131]

I just wish Obama would stopping such a pussy and raise corporate tax rates to 50% or 70% or so.

Cuz then we'd have a lot more money 'n stuff.



.

If you want to argue for a lower corporate rate, go ahead. But I don't think you'd get much sympathy from working Americans who pay more as a percentage than big corporations do.

Here's what I'd like to do to offshoring companies.

"This is Bob. Bob moved his operations to China to save a few bucks and make bigger dollars."

Picture of Corporate guy.

"These are the nice people Bob Put out of jobs!"

Group picture of employees.

"This is where Bob lives."

Picture of Bob's mansion and the address printed below.

"This is Bob's Wife."

Picture of his Trophy Wife.

"THis is where she gets her hair done."

Picture of Hair salon.

That would be totally cool. I'm sure a lot of average Americans would like to let Bob know what a great businessman he is.

 

[Mac1958]

I just wish Obama would stopping such a pussy and raise corporate tax rates to 50% or 70% or so.

Cuz then we'd have a lot more money 'n stuff.



.

If you want to argue for a lower corporate rate, go ahead. But I don't think you'd get much sympathy from working Americans who pay more as a percentage than big corporations do.

Here's what I'd like to do to offshoring companies.

"This is Bob. Bob moved his operations to China to save a few bucks and make bigger dollars."

Picture of Corporate guy.

"These are the nice people Bob Put out of jobs!"

Group picture of employees.

"This is where Bob lives."

Picture of Bob's mansion and the address printed below.

"This is Bob's Wife."

Picture of his Trophy Wife.

"THis is where she gets her hair done."

Picture of Hair salon.

That would be totally cool. I'm sure a lot of average Americans would like to let Bob know what a great businessman he is.

I'm not really sure what that story means.

But whatever we can do to punish American corporations is OK by me!

.

 

[Seawytch]

I just wish Obama would stopping such a pussy and raise corporate tax rates to 50% or 70% or so.

Cuz then we'd have a lot more money 'n stuff.



.

Nah...we couldn't do that...the majority of Americans want that so it'll never happen. Besides...nobody is proposing we go all the way back to the rates of Republican President Dwight Eisenhower...Clinton rates would suffice.

Dwight D. Eisenhower
Marginal Tax Rate on Regular Income over $400,000: 92% - 91%

Maximum Tax Rate on Long-Term Capital Gains: 25%

Bill Clinton
Marginal Tax Rate on Regular Income: over $250,000: 39.6% - over $288,350: 39.6%

Maximum Tax Rate on Long-Term Capital Gains: 29.19% - 21.19%

Barack Obama
Marginal Tax Rate on Regular Income: over $372,950 - over 388,350: 35%

Maximum Tax Rate on Long-Term Capital Gains: 15%

 

[JoeB131]

[

I'm not really sure what that story means.

But whatever we can do to punish American corporations is OK by me!

.

The problem with your premise is that they are "American" corporations.

"American" implies they put the interests of America above anything else.

You know, that they wouldn't do things like, oh, move our industrial infrastructure to an enemy country that harvests its citizens for transplant organs.

Oh, wait. No. THey totally do that. So I guess we really can't use the word "American" to describe them, can we?

 

[martybegan]

I just wish Obama would stopping such a pussy and raise corporate tax rates to 50% or 70% or so.

Cuz then we'd have a lot more money 'n stuff.



.

Nah...we couldn't do that...the majority of Americans want that so it'll never happen. Besides...nobody is proposing we go all the way back to the rates of Republican President Dwight Eisenhower...Clinton rates would suffice.

Dwight D. Eisenhower
Marginal Tax Rate on Regular Income over $400,000: 92% - 91%

Maximum Tax Rate on Long-Term Capital Gains: 25%

Bill Clinton
Marginal Tax Rate on Regular Income: over $250,000: 39.6% - over $288,350: 39.6%

Maximum Tax Rate on Long-Term Capital Gains: 29.19% - 21.19%

Barack Obama
Marginal Tax Rate on Regular Income: over $372,950 - over 388,350: 35%

Maximum Tax Rate on Long-Term Capital Gains: 15%

In 1955 $400,000 was the equivalent of almost $3.5 million dollars. How many people do you think actually made that much?

It was a tax on a few hundred people, that's it. It was mostly for symbolism, not for income. It was also a legacy of WWII and the need to fund the Marshall Plan.

 

[Ernie S.]

I just wish Obama would stopping such a pussy and raise corporate tax rates to 50% or 70% or so.

Cuz then we'd have a lot more money 'n stuff.



.

If you want to argue for a lower corporate rate, go ahead. But I don't think you'd get much sympathy from working Americans who pay more as a percentage than big corporations do.

Here's what I'd like to do to offshoring companies.

"This is Bob. Bob moved his operations to China to save a few bucks and make bigger dollars."

Picture of Corporate guy.

"These are the nice people Bob Put out of jobs!"

Group picture of employees.

"This is where Bob lives."

Picture of Bob's mansion and the address printed below.
Poor Joe doesn't realize that corporations, in effect, pay no taxes. We all pay it for them in the form of higher prices.

"This is Bob's Wife."

Picture of his Trophy Wife.

"THis is where she gets her hair done."

Picture of Hair salon.

That would be totally cool. I'm sure a lot of average Americans would like to let Bob know what a great businessman he is.

But joe hates corporations and will gladly pay more for his happy meal if it means Mickey D's will pay their "fair share".

 

[Iceweasel]

....and the war on the private sector continues.

 

[mudwhistle]

I guess he waited till he didn't need their donations anymore.

This is just going to cause more job loss eventually by moving everything out of the US because of its hostile business environment.

 

[Ernie S.]

I just wish Obama would stopping such a pussy and raise corporate tax rates to 50% or 70% or so.

Cuz then we'd have a lot more money 'n stuff.



.

If you want to argue for a lower corporate rate, go ahead. But I don't think you'd get much sympathy from working Americans who pay more as a percentage than big corporations do.

Here's what I'd like to do to offshoring companies.

"This is Bob. Bob moved his operations to China to save a few bucks and make bigger dollars."

Picture of Corporate guy.

"These are the nice people Bob Put out of jobs!"

Group picture of employees.

"This is where Bob lives."

Picture of Bob's mansion and the address printed below.

"This is Bob's Wife."

Picture of his Trophy Wife.

"THis is where she gets her hair done."

Picture of Hair salon.

That would be totally cool. I'm sure a lot of average Americans would like to let Bob know what a great businessman he is.

I'm sure that all of his investors are glad Bob is doing well because that generally means they are as well.

As CEO, Bob has an obligation to maximize profit. If that means moving some production off shore to avoid being raped by labor unions, so be it.

 

[Mac1958]

[

I'm not really sure what that story means.

But whatever we can do to punish American corporations is OK by me!

.

The problem with your premise is that they are "American" corporations.

"American" implies they put the interests of America above anything else.

You know, that they wouldn't do things like, oh, move our industrial infrastructure to an enemy country that harvests its citizens for transplant organs.

Oh, wait. No. THey totally do that. So I guess we really can't use the word "American" to describe them, can we?

The officers of a corporation are mandated by law to work in a fiduciary capacity at all times.

American law.

American law.

That means their job is to maximize shareholder value.

If they do not, they can and will be sued by their shareholders.

And they will lose.

If you want to change that law, and I know you do, great. Do it. We can trust the government to run stuff.

.

 

[thereisnospoon]

Legal mandate? I'd like to see that legislation. Please provide a link.

Thanks.

It's not in legislation. Its part of the US Tax Code
You can google search the US Tax code. If you dare.
No one is going to do your homework for you.
The fact is, these companies are using the Tax Code to its fullest advantage.
This would not be happening if the Code were not loaded up with confiscatory( as compared to other nations) tax burdens on business.
I find it laughable the reasons you libs are interested in this. Mainly it is greed on your part. All you are interested in is feeding the federal govt with MORE tax money so that YOU can satisfy your greed for other people's money.
I also am amused that in your minds( as evidenced by your side's postings) that somehow money to the federal government will somehow find it's way either to you or to your benefit.
This of course is accompanied by the same old argument that if business or individuals oppose additional taxation, your side labels them as greedy and selfish. And that they 'don't want to help the children'. Or some other group in your cause du jour.

 

[thereisnospoon]

Am I supposed to muster outrage over making it more difficult to move a company into a PO Box in the Bahamas?

Yes. It is a regulation that we are talking about. All regulations are bad and are detrimental to business. Didn't you know that?

Straw man argument.
You have nothing. Stow it.

 

[Seawytch]

In 1955 $400,000 was the equivalent of almost $3.5 million dollars. How many people do you think actually made that much?

It was a tax on a few hundred people, that's it. It was mostly for symbolism, not for income. It was also a legacy of WWII and the need to fund the Marshall Plan.

Yeah? Let's take a look at Mitt Romney's tax bill under each President since Eisenhower then shall we?

Barack Obama

Romney's Tax Bill: $3,150,000

Romney's actual 2011 Tax Rate: 15.3%

Romney's actual 2011 Tax Contribution: $3,213,000


Eisenhower

Romney's Approx. Tax Bill: $5,250,000

Kennedy

Romney's Approx. Tax Bill:$5,250,000

Johnson

Romney's Approx. Tax Bill:$5,649,000

Nixon

Romney's Approx. Tax Bill:$7,665,000

Ford

Romney's Approx. Tax Bill:$8,373,750

Carter

Romney's Approx. Tax Bill:$8,373,750

St. Reagan

Romney's Approx. Tax Bill:$5,880,000

Bush I

Romney's Approx. Tax Bill:$6,075,300

Bubba
Romney's Approx. Tax Bill:$6,129,900

Bush II

Romney's Approx. Tax Bill:$4,445,700 - $3,150,000

 

[Old Rocks]

I just wish Obama would stopping such a pussy and raise corporate tax rates to 50% or 70% or so.

Cuz then we'd have a lot more money 'n stuff.



.

Nah...we couldn't do that...the majority of Americans want that so it'll never happen. Besides...nobody is proposing we go all the way back to the rates of Republican President Dwight Eisenhower...Clinton rates would suffice.

Dwight D. Eisenhower
Marginal Tax Rate on Regular Income over $400,000: 92% - 91%

Maximum Tax Rate on Long-Term Capital Gains: 25%

Bill Clinton
Marginal Tax Rate on Regular Income: over $250,000: 39.6% - over $288,350: 39.6%

Maximum Tax Rate on Long-Term Capital Gains: 29.19% - 21.19%

Barack Obama
Marginal Tax Rate on Regular Income: over $372,950 - over 388,350: 35%

Maximum Tax Rate on Long-Term Capital Gains: 15%

In 1955 $400,000 was the equivalent of almost $3.5 million dollars. How many people do you think actually made that much?

It was a tax on a few hundred people, that's it. It was mostly for symbolism, not for income. It was also a legacy of WWII and the need to fund the Marshall Plan.

And we need to fund the rebuilding of our infrastructure. As well as scientific R and D.