Tax Shopping: For or Against?

[Dad2three]

Yeah, that offshore money creates lots of jobs here. Doofus.

Well we KNOW bringing it back at low taxes rates like Dubya did, 5%, according to Heritage foundation, cost US jobs and would again

Bringing back money cost jobs? Please, elaborate.

Heritage Foundation:

Would Another Repatriation Tax Holiday Create Jobs?

The current proposal would cut taxes, which is generally a good thing, but if another repatriation tax holiday were enacted, one should expect a similar result as last time: specifically, a surge in repatriations and little appreciable increase in domestic investment or job creation. The repatriation holiday would have little or no effect on investment and job creation, the key to the whole issue,

Would Another Repatriation Tax Holiday Create Jobs?



The 15 companies that benefited the most from a 2004 tax break for the return of their overseas profits cut more than 20,000 net jobs and decreased the pace of their research spending

Report: Repatriation Tax Holiday a 'Failed' Policy - WSJ



In 2004, when the U.S. enacted a repatriation tax holiday, the goal was to encourage U.S. multinationals to pay bigger cash dividends from their overseas subsidiaries and use the cash to make investments in the United States. Unfortunately, there is no evidence that it increased U.S. investment or jobs, and it cost taxpayers billions.




Just the Facts: The Costs of a Repatriation Tax Holiday

 

[Dad2three]

why not stop taxing them altogether since a tax like any cost is merely passed on to us. We have the corporate tax only to pander to the pure ignorance of liberals who think corps must pay their fair share.

Corporate Taxes as a Percentage of Federal Revenue

1955 . . . 27.3%
2010 . . . 8.9%

Corporate Taxes as a Percentage of GDP

1955 . . . 4.3%
2010 . . . 1.3%

Individual Income/Payrolls as a Percentage of Federal Revenue

1955 . . . 58.0%
2010 . . . 81.5%

Corporate Profits Are At An All-Time High

'corporate profits are at an all-time high as a percentage of the economy, wages are at an all-time low.'

'Last year, corporations made a record $824 billion, which didn’t stop conservatives from continually claiming that President Obama is anti-business.'
Corporate Profits Are At An All-Time High | ThinkProgress

corporate profits are high because our corporations are international and successful. Wages are low because liberal taxes and unions drove 40 million middle class jobs off shore and because liberals invited 20 million illegals in to take the remaining jobs. And this is not to mention that liberals destroyed the American family and schools thus rendering millions unfit to earn a good living.

Got it, a l;ow info person

US CORP PROFITS RECORD HIGHS

After-tax profits for American corporations hit another record high last year, rising to $1.68 trillion.

You meant Reaganomics and conservatives 'free trade' right?


Neo-Liberalism/Conservatives is/has destroyed the American Economy in favor of the so called "Job Creator"... In reality are "Job Exporters"...

The last 40 years of conservati*ve think tank legislatio*n has killed the economy


Your taxes are really low, in one chart

The average filer saw her effective tax rate drop from 22 percent in 1979 to 18.1 percent in 2010

Your taxes are really low, in one chart - The Washington Post


Tax bills in 2009 at lowest level since 1950


Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950

Tax bills in 2009 at lowest level since 1950 - USATODAY.com

 

[Dad2three]

He's still lying. Unless he pays his secretary a coupla hundred thousand.

Don't know Romney paid a MUCH lower percentage of his income in federal taxes also? It was ALL over the news in 2012. Hint CAPITAL gains is treated differently AND the SS tax is capped

Duh. Like I said, Buffett is lying.

Got it, you don't know what effective federal tax rates are.

 

[Dad2three]

why not stop taxing them altogether since a tax like any cost is merely passed on to us. We have the corporate tax only to pander to the pure ignorance of liberals who think corps must pay their fair share.

On second thought, since all of my earning funnel through a corporation......GOOD IDEA! Sean Hannity will thank you too!

Well, don't get too excited yet. All corps, not just yours, would have no taxes. That means they would have lower costs and could lower prices to get a leg up on the competition. So, very soon competition would force corporate profits back to where they were, but you'd see the savings in lower prices! But, the gov't would be without the corp. tax revenue it had so it would have to raise your taxes. But, because business would be operating far more efficiently, not having to move off shore for example to evade taxes, prices would go down much more than taxes would go up; so we'd all be a lot better off.

If you're a liberal thats all going to be way over your head.

The Republican sham of lower taxes and less regulation doesn't help anyone but the richest Americans and Big Business and kill jobs and opportunity for almost everyone, especially in the middle class and poor.


Just because the right will repeat a lie forever, doesn't mean that lie will ever produce facts.

 

[Dad2three]

Well, don't get too excited yet. All corps, not just yours, would have no taxes. That means they would have lower costs and could lower prices to get a leg up on the competition. So, very soon competition would force corporate profits back to where they were, but you'd see the savings in lower prices! But, the gov't would be without the corp. tax revenue it had so it would have to raise your taxes. But, because business would be operating far more efficiently, not having to move off shore for example to evade taxes, prices would go down much more than taxes would go up; so we'd all be a lot better off.

If you're a liberal thats all going to be way over your head.

You forgot about GREED, Ayn.

can you explain what you mean, in detail?

Companies like Walmart and McDonalds are the ones creating the “poverty trap”. While making record profits and their CEO’s making record salaries their employees need to supplement their income with using taxpayer funded anti-poverty programs ….AFDC, child tax credits, earned income credits, Section 8, school meals, Medicaid, WIC & home energy assistance to supplement income.



And as long as folks continue to whine about the "lazy" people who don't want to work, they are doing the bidding of the wealthy who want us to keep fighting among ourselves so that they can continue to screw us all. Maybe one of them has found a way to take their wealth with them after they die. That might explain this mentality of continuing the acquisition of wealth over all else.


True, rich white bankers and CEO's get the lion's share of govt handouts

 

[Crystalclear]

On second thought, since all of my earning funnel through a corporation......GOOD IDEA! Sean Hannity will thank you too!

Well, don't get too excited yet. All corps, not just yours, would have no taxes. That means they would have lower costs and could lower prices to get a leg up on the competition. So, very soon competition would force corporate profits back to where they were, but you'd see the savings in lower prices! But, the gov't would be without the corp. tax revenue it had so it would have to raise your taxes. But, because business would be operating far more efficiently, not having to move off shore for example to evade taxes, prices would go down much more than taxes would go up; so we'd all be a lot better off.



If you're a liberal thats all going to be way over your head.

The Republican sham of lower taxes and less regulation doesn't help anyone but the richest Americans and Big Business and kill jobs and opportunity for almost everyone, especially in the middle class and poor.





Just because the right will repeat a lie forever, doesn't mean that lie will ever produce facts.

No, lower taxes and less regulation also creates less of a burden on average Americans with a business and less taxes means more money left for the average citizen

 

[EdwardBaiamonte]

Well, don't get too excited yet. All corps, not just yours, would have no taxes. That means they would have lower costs and could lower prices to get a leg up on the competition. So, very soon competition would force corporate profits back to where they were, but you'd see the savings in lower prices! But, the gov't would be without the corp. tax revenue it had so it would have to raise your taxes. But, because business would be operating far more efficiently, not having to move off shore for example to evade taxes, prices would go down much more than taxes would go up; so we'd all be a lot better off.



If you're a liberal thats all going to be way over your head.

The Republican sham of lower taxes and less regulation doesn't help anyone but the richest Americans and Big Business and kill jobs and opportunity for almost everyone, especially in the middle class and poor.





Just because the right will repeat a lie forever, doesn't mean that lie will ever produce facts.

No, lower taxes and less regulation also creates less of a burden on average Americans with a business and less taxes means more money left for the average citizen

of course high taxes on rich businesses force rich businesses to move offshore( and take jobs with them) where taxes are lower. Its insane and liberal to have the highest corporate taxes in the world!

 

[Toddsterpatriot]

Well we KNOW bringing it back at low taxes rates like Dubya did, 5%, according to Heritage foundation, cost US jobs and would again

Bringing back money cost jobs? Please, elaborate.

Heritage Foundation:

Would Another Repatriation Tax Holiday Create Jobs?

The current proposal would cut taxes, which is generally a good thing, but if another repatriation tax holiday were enacted, one should expect a similar result as last time: specifically, a surge in repatriations and little appreciable increase in domestic investment or job creation. The repatriation holiday would have little or no effect on investment and job creation, the key to the whole issue,

Would Another Repatriation Tax Holiday Create Jobs?



The 15 companies that benefited the most from a 2004 tax break for the return of their overseas profits cut more than 20,000 net jobs and decreased the pace of their research spending

Report: Repatriation Tax Holiday a 'Failed' Policy - WSJ



In 2004, when the U.S. enacted a repatriation tax holiday, the goal was to encourage U.S. multinationals to pay bigger cash dividends from their overseas subsidiaries and use the cash to make investments in the United States. Unfortunately, there is no evidence that it increased U.S. investment or jobs, and it cost taxpayers billions.




Just the Facts: The Costs of a Repatriation Tax Holiday

Thanks for the links.
Let me know when you find one that proves bringing back money cost jobs.

 

[Toddsterpatriot]

Don't know Romney paid a MUCH lower percentage of his income in federal taxes also? It was ALL over the news in 2012. Hint CAPITAL gains is treated differently AND the SS tax is capped

Duh. Like I said, Buffett is lying.

Got it, you don't know what effective federal tax rates are.

Show me what his secretary makes and I'll show you the lie.

 

[Crystalclear]

The Republican sham of lower taxes and less regulation doesn't help anyone but the richest Americans and Big Business and kill jobs and opportunity for almost everyone, especially in the middle class and poor.











Just because the right will repeat a lie forever, doesn't mean that lie will ever produce facts.

No, lower taxes and less regulation also creates less of a burden on average Americans with a business and less taxes means more money left for the average citizen

of course high taxes on rich businesses force rich businesses to move offshore( and take jobs with them) where taxes are lower. Its insane and liberal to have the highest corporate taxes in the world!

Totally agree, it causes corporations to move away and so fewer jobs are left for the Americans. The liberals support it so that they can give more welfare probably

 

[EdwardBaiamonte]

No, lower taxes and less regulation also creates less of a burden on average Americans with a business and less taxes means more money left for the average citizen

of course high taxes on rich businesses force rich businesses to move offshore( and take jobs with them) where taxes are lower. Its insane and liberal to have the highest corporate taxes in the world!

Totally agree, it causes corporations to move away and so fewer jobs are left for the Americans. The liberals support it so that they can give more welfare probably

yes for more welfare money but also just out of plain Marxist ignorance which drives them to need to punish business. What they don't understand is that business taxes are a cost like any other that is passed on to customers in higher prices. They think they are making business pay when really they are paying!! Its 100% insane!