Part of the tax reform is reducing corporate taxes to 20%. Many of you truly economic illiterates don't understand the gigantic economic benefit of this one single change. A new report finds that around the world the extremely wealthy have accumulated at least $21 trillion in secretive offshore accounts. Super Rich Hide $21 Trillion Offshore, Study Says So if the USA by lowering corporate taxes is able to repatriate just 10% or $2 trillion back to the USA what would be the effect? Let's assume of the $2 trillion it breaks down this way: $1 trillion is re-invested in the stock market, bank accounts US treasuries you name it. Leaves $1 trillion. Let's assume then $500 billion is used to hire people for 10 years at $50,000 per year. Well as most of the economic illiterates don't know, an employer pays an equal % for SS/Medicare 6.2% So let's add to the $50,000 another $3,000 and round up to $60,000 for benefits,SS/Medicare,etc. That means of the $500 billion divided by 10 years $50 billion a year or divided by $60,000 or total of 800,000 jobs. That $50 billion in payroll means in Federal taxes: 12.4% SS/Medicare/income taxes: $18.7 billion to Federal govt. Now the multiplier effect comes in to play:http://www2.econ.iastate.edu/research/webpapers/paper_13143.pdf "Every $1 million spent is multiplied by 1.18 or $50 billion spent by employees: $60 billion back into the GDP. Now this is JUST from hiring 800,000 people for 10 years. Net gains therefore to the Federal government: $187 billion in tax revenue alone in 10 years. GDP increasing over $600 billion in 10 years. AND this is just from 1/4th left of the $2 trillion repatriated. Now if you economic illiterates want some further validation for what this means from the other 3/4ths of the $2 trillion repatriated please ask as it gets EVEN better i.e. the multiplier EFFECT!!! Prove me wrong .... PLEASE!!!