healthmyths
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- Sep 19, 2011
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Under the last repatriation tax break in 2004, Mott noted that U.S. companies repatriated about 39% of their foreign earnings balances.
If another repatriation tax break was enacted and companies repatriated at the same rate, he said about $663 billion might come back to U.S. shores.
At Big U.S. Companies, 60% of Cash Sits Offshore: J.P. Morgan - The CFO Report - WSJ
The Pew Research Center estimates up to 1.7 million illegal immigrants may apply. It is unclear how many will be approved.
So let's determine the relative values:
$660 billion brought back at NO tax consequences .. use of this money..
Assume $300 billion used to buy computers,construct/improve facilities, build inventories i.e. Invest in America!
Assume the remaining $300 billion used to hire people to use the computers,etc.
At 5 year projection and $50,000 per job for salaries,benefits payroll etc. this would be 1,200,000 new hires for 5 years.
This study If this economic study is correct shows for every 1 million spent in retail there is an economic multiplier of
$1.188 million in total economic activity takes place for every $1 million spent.. if repatriated $300 billion would generate $356.4 billion.
Each $1 million spent provides $205,829 in labor incomes -- if repatriated $300 billion
Each $1 million represents 7.7 workers and assuming 35% (payroll taxes, FICA, FUTA, Medicare, SS) 2,310,000 jobs!
www2.econ.iastate.edu/research/webpapers/paper_13143.pdf
I am unable to show the affect of throwing 1.7 million illegals under 30 into the legal employment landscape..
If another repatriation tax break was enacted and companies repatriated at the same rate, he said about $663 billion might come back to U.S. shores.
At Big U.S. Companies, 60% of Cash Sits Offshore: J.P. Morgan - The CFO Report - WSJ
The Pew Research Center estimates up to 1.7 million illegal immigrants may apply. It is unclear how many will be approved.
So let's determine the relative values:
$660 billion brought back at NO tax consequences .. use of this money..
Assume $300 billion used to buy computers,construct/improve facilities, build inventories i.e. Invest in America!
Assume the remaining $300 billion used to hire people to use the computers,etc.
At 5 year projection and $50,000 per job for salaries,benefits payroll etc. this would be 1,200,000 new hires for 5 years.
This study If this economic study is correct shows for every 1 million spent in retail there is an economic multiplier of
$1.188 million in total economic activity takes place for every $1 million spent.. if repatriated $300 billion would generate $356.4 billion.
Each $1 million spent provides $205,829 in labor incomes -- if repatriated $300 billion
Each $1 million represents 7.7 workers and assuming 35% (payroll taxes, FICA, FUTA, Medicare, SS) 2,310,000 jobs!
www2.econ.iastate.edu/research/webpapers/paper_13143.pdf
I am unable to show the affect of throwing 1.7 million illegals under 30 into the legal employment landscape..