Thinker101
Diamond Member
- Mar 25, 2017
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Corporations are not avoiding America like the plague. Put down the crack pipe.US has the 2nd highest corporate tax rate. What you illiterates don't understand is that this means businesses are going to avoid USA like plague, opting for China instead. Meanwhile we rack a huge trade deficit and degrade into a 3rd world status soon enough.
There are so many deductions, exemptions, and credits in the corporate tax code that the effective tax rate is much, much lower.
The only corporations who are fucked are the startups trying to replace the sclerotic companies who own our politicians.
Get rid of all the special carve-outs in the tax code, and you can easily lower it to 25 percent.
See post 81.
True, they're not avoiding America, they're just leaving America.