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0% Corporate Tax

tyler90az
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1/29/2012 12:22:53 AM
Posted: 4 years ago
Why can't America have a 0% tax rate for corporations?
Today we begin in earnest the work of making sure that the world we leave our children is just a little bit better than the one we inhabit today. - President Obama
tyler90az
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1/29/2012 12:23:33 AM
Posted: 4 years ago
At 1/29/2012 12:22:53 AM, tyler90az wrote:
Why can't America have a 0% tax rate for corporations?

Wrong section, meant economics...
Today we begin in earnest the work of making sure that the world we leave our children is just a little bit better than the one we inhabit today. - President Obama
tyler90az
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1/29/2012 12:31:28 AM
Posted: 4 years ago
If they have x number of employees, the corporation would pay zero percent.
Today we begin in earnest the work of making sure that the world we leave our children is just a little bit better than the one we inhabit today. - President Obama
16kadams
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1/29/2012 12:35:04 AM
Posted: 4 years ago
Agreed, time for devils advocate:

It would decrease revanue raising the deficit
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https://rekonomics.wordpress.com...
"A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross
imabench
Posts: 21,210
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1/29/2012 12:35:51 AM
Posted: 4 years ago
Because its a really stupid idea when America has a national debt so large that we owe more money than what actually exists...

http://theeconomiccollapseblog.com...
Kevin24018 : "He's just so mean it makes me want to ball up my fists and stamp on the ground"

7/14/16 = The Presidency Dies

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tyler90az
Posts: 971
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1/29/2012 12:40:34 AM
Posted: 4 years ago
At 1/29/2012 12:35:04 AM, 16kadams wrote:
Agreed, time for devils advocate:

It would decrease revanue raising the deficit

Raise individual taxes to cover the revenue that is lost.
Today we begin in earnest the work of making sure that the world we leave our children is just a little bit better than the one we inhabit today. - President Obama
darkkermit
Posts: 11,204
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1/29/2012 12:42:21 AM
Posted: 4 years ago
At 1/29/2012 12:35:51 AM, imabench wrote:
Because its a really stupid idea when America has a national debt so large that we owe more money than what actually exists...

http://theeconomiccollapseblog.com...

You do realize that money recirculates. It's not mathematically impossible to pay off the us national debt, because all the US has to do is pay for the interest each year.

The real problem with corporate taxes is that it creates perverse incentive with loopholes in which lager businesses can lobby for loopholes and afford to pay an accountant or tax lawyer to pay as little as possible in taxes.

Also corporations do pass the costs off to consumers, layoffs and/or lower wages, so we don't really know the real "costs" of the tax, making it appear like the US pays less money then it really does.
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imabench
Posts: 21,210
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1/29/2012 12:43:52 AM
Posted: 4 years ago
At 1/29/2012 12:40:34 AM, tyler90az wrote:
At 1/29/2012 12:35:04 AM, 16kadams wrote:
Agreed, time for devils advocate:

It would decrease revanue raising the deficit

Raise individual taxes to cover the revenue that is lost.

Yeah because that will go well. People hate it when a president raises their taxes but now that the income inequality of America is comparable to that of the Gilded Age when the top 10% are making billions while the middle class still is struggling to get back on its feet, and to raise their taxes so that some of the corporations that f*cked up everything in the first place gets to pay NO taxes would be the single worst presidential move in history...
Kevin24018 : "He's just so mean it makes me want to ball up my fists and stamp on the ground"

7/14/16 = The Presidency Dies

DDO: THE MOVIE = http://www.debate.org...
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VP of DDO from Dec 14th 2014 to Jan 1st 2015
tyler90az
Posts: 971
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1/29/2012 12:44:30 AM
Posted: 4 years ago
At 1/29/2012 12:42:21 AM, darkkermit wrote:
At 1/29/2012 12:35:51 AM, imabench wrote:
Because its a really stupid idea when America has a national debt so large that we owe more money than what actually exists...

http://theeconomiccollapseblog.com...

You do realize that money recirculates. It's not mathematically impossible to pay off the us national debt, because all the US has to do is pay for the interest each year.

The real problem with corporate taxes is that it creates perverse incentive with loopholes in which lager businesses can lobby for loopholes and afford to pay an accountant or tax lawyer to pay as little as possible in taxes.

Also corporations do pass the costs off to consumers, layoffs and/or lower wages, so we don't really know the real "costs" of the tax, making it appear like the US pays less money then it really does.

I am trying to learn more about this subject.

Reasons for 0% Corporate Tax, maybe not zero just lower then any other country:

More jobs will come to America

Employees wages will be raised
Today we begin in earnest the work of making sure that the world we leave our children is just a little bit better than the one we inhabit today. - President Obama
tyler90az
Posts: 971
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1/29/2012 12:47:28 AM
Posted: 4 years ago
Yeah because that will go well. People hate it when a president raises their taxes but now that the income inequality of America is comparable to that of the Gilded Age when the top 10% are making billions while the middle class still is struggling to get back on its feet, and to raise their taxes so that some of the corporations that f*cked up everything in the first place gets to pay NO taxes would be the single worst presidential move in history...

This has nothing to do with politics... We are just discussing if it would be beneficial to America. I am undecided and want to learn more.

I am not saying raise taxes on all individuals, just wealthy ones. Instead of taxing corporations, tax the wealthy individuals. That way they would essentially still be paying the same tax, yet will see it valuable to bring jobs back to America.
Today we begin in earnest the work of making sure that the world we leave our children is just a little bit better than the one we inhabit today. - President Obama
imabench
Posts: 21,210
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1/29/2012 12:51:01 AM
Posted: 4 years ago
At 1/29/2012 12:47:28 AM, tyler90az wrote:
Yeah because that will go well. People hate it when a president raises their taxes but now that the income inequality of America is comparable to that of the Gilded Age when the top 10% are making billions while the middle class still is struggling to get back on its feet, and to raise their taxes so that some of the corporations that f*cked up everything in the first place gets to pay NO taxes would be the single worst presidential move in history...

This has nothing to do with politics... We are just discussing if it would be beneficial to America. I am undecided and want to learn more.

I am not saying raise taxes on all individuals, just wealthy ones. Instead of taxing corporations, tax the wealthy individuals. That way they would essentially still be paying the same tax, yet will see it valuable to bring jobs back to America.

Now THAT is an interesting thought......
Kevin24018 : "He's just so mean it makes me want to ball up my fists and stamp on the ground"

7/14/16 = The Presidency Dies

DDO: THE MOVIE = http://www.debate.org...
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darkkermit
Posts: 11,204
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1/29/2012 12:51:17 AM
Posted: 4 years ago
At 1/29/2012 12:43:52 AM, imabench wrote:
At 1/29/2012 12:40:34 AM, tyler90az wrote:
At 1/29/2012 12:35:04 AM, 16kadams wrote:
Agreed, time for devils advocate:

It would decrease revanue raising the deficit

Raise individual taxes to cover the revenue that is lost.

Yeah because that will go well. People hate it when a president raises their taxes

That's the point. People will learn the real cost of government taxes :). In an optimistic world, that would mean that the government would shrink, but it would probably just mean the government will increase deficit spending.

but now that the income inequality of America is comparable to that of the Gilded Age when the top 10% are making billions while the middle class still is struggling to get back on its feet, and to raise their taxes so that some of the corporations that f*cked up everything in the first place gets to pay NO taxes would be the single worst presidential move in history...

Alright, let's assume for a second that income inequality is a bad thing, do you have any data that supports the fact that corporate taxes cause economic inequality? It's not as If a corporation is taxed then the corporation cuts the costs from the rich solely and there are no ill effects on the lower and middle class. That's pure nonsense.

If we assume that you want to remove income inequality, the measure to take is to make the tax system progressive, not tax corporations.
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Ore_Ele
Posts: 25,980
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1/29/2012 12:53:10 AM
Posted: 4 years ago
At 1/29/2012 12:44:30 AM, tyler90az wrote:
At 1/29/2012 12:42:21 AM, darkkermit wrote:
At 1/29/2012 12:35:51 AM, imabench wrote:
Because its a really stupid idea when America has a national debt so large that we owe more money than what actually exists...

http://theeconomiccollapseblog.com...

You do realize that money recirculates. It's not mathematically impossible to pay off the us national debt, because all the US has to do is pay for the interest each year.

The real problem with corporate taxes is that it creates perverse incentive with loopholes in which lager businesses can lobby for loopholes and afford to pay an accountant or tax lawyer to pay as little as possible in taxes.

Also corporations do pass the costs off to consumers, layoffs and/or lower wages, so we don't really know the real "costs" of the tax, making it appear like the US pays less money then it really does.

I am trying to learn more about this subject.

Reasons for 0% Corporate Tax, maybe not zero just lower then any other country:

More jobs will come to America

Employees wages will be raised

Bush tried a tax holiday, thinking that waiving the corporate taxes would do this. What happened, was that nearly every dollar saved from the lower taxes was just given to shareholders and CEOs. Almost none was invested into growing the company or higher wages for employees.
"Wanting Red Rhino Pill to have gender"
imabench
Posts: 21,210
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1/29/2012 12:53:21 AM
Posted: 4 years ago
At 1/29/2012 12:51:17 AM, darkkermit wrote:
At 1/29/2012 12:43:52 AM, imabench wrote:
At 1/29/2012 12:40:34 AM, tyler90az wrote:
At 1/29/2012 12:35:04 AM, 16kadams wrote:
Agreed, time for devils advocate:

It would decrease revanue raising the deficit

Raise individual taxes to cover the revenue that is lost.

Yeah because that will go well. People hate it when a president raises their taxes

That's the point. People will learn the real cost of government taxes :). In an optimistic world, that would mean that the government would shrink, but it would probably just mean the government will increase deficit spending.

but now that the income inequality of America is comparable to that of the Gilded Age when the top 10% are making billions while the middle class still is struggling to get back on its feet, and to raise their taxes so that some of the corporations that f*cked up everything in the first place gets to pay NO taxes would be the single worst presidential move in history...

Alright, let's assume for a second that income inequality is a bad thing, do you have any data that supports the fact that corporate taxes cause economic inequality? It's not as If a corporation is taxed then the corporation cuts the costs from the rich solely and there are no ill effects on the lower and middle class. That's pure nonsense.

If we assume that you want to remove income inequality, the measure to take is to make the tax system progressive, not tax corporations.

I am definitely not endorsing that we should tax corporations to make income equality better because there isnt a relationship for that. I just support corporate tax because it is a good way for the government to make more money
Kevin24018 : "He's just so mean it makes me want to ball up my fists and stamp on the ground"

7/14/16 = The Presidency Dies

DDO: THE MOVIE = http://www.debate.org...
http://www.debate.org...

VP of DDO from Dec 14th 2014 to Jan 1st 2015
darkkermit
Posts: 11,204
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1/29/2012 1:02:07 AM
Posted: 4 years ago
At 1/29/2012 12:53:10 AM, Ore_Ele wrote:
At 1/29/2012 12:44:30 AM, tyler90az wrote:
At 1/29/2012 12:42:21 AM, darkkermit wrote:
At 1/29/2012 12:35:51 AM, imabench wrote:
Because its a really stupid idea when America has a national debt so large that we owe more money than what actually exists...

http://theeconomiccollapseblog.com...

You do realize that money recirculates. It's not mathematically impossible to pay off the us national debt, because all the US has to do is pay for the interest each year.

The real problem with corporate taxes is that it creates perverse incentive with loopholes in which lager businesses can lobby for loopholes and afford to pay an accountant or tax lawyer to pay as little as possible in taxes.

Also corporations do pass the costs off to consumers, layoffs and/or lower wages, so we don't really know the real "costs" of the tax, making it appear like the US pays less money then it really does.

I am trying to learn more about this subject.

Reasons for 0% Corporate Tax, maybe not zero just lower then any other country:

More jobs will come to America

Employees wages will be raised

Bush tried a tax holiday, thinking that waiving the corporate taxes would do this. What happened, was that nearly every dollar saved from the lower taxes was just given to shareholders and CEOs. Almost none was invested into growing the company or higher wages for employees.

Your a finance major, how exactly our corporations taxed? Do they just tax the profits alone? If the profits are reinvested in capital, is it still taxed?

Not all shareholders are super wealthy though. Almost everyone owns some stock.
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jimtimmy
Posts: 3,953
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1/29/2012 1:22:25 AM
Posted: 4 years ago
The fact of the matter is that corporations reinvest their profits. If you tax corporate profits at a higher rate, you get less reinvestment. That means less new equipment, lower wages, and less new jobs.

I don't know why anyone would support high corporate taxation or high taxes on business and investors in general. After all, somebody has to accumulate capital for the economy to move forward at all.
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Ron-Paul
Posts: 2,557
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1/29/2012 7:33:55 AM
Posted: 4 years ago
At 1/29/2012 12:22:53 AM, tyler90az wrote:
Why can't America have a 0% tax rate for corporations?

That's brilliant economic policy. That will get us on the fast track to recovery instead of the very slow track we are on right now.
royalpaladin
Posts: 22,357
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1/29/2012 7:54:11 AM
Posted: 4 years ago
At 1/29/2012 1:22:25 AM, jimtimmy wrote:
The fact of the matter is that corporations reinvest their profits. If you tax corporate profits at a higher rate, you get less reinvestment. That means less new equipment, lower wages, and less new jobs.

I don't know why anyone would support high corporate taxation or high taxes on business and investors in general. After all, somebody has to accumulate capital for the economy to move forward at all.

At 1/29/2012 12:53:10 AM, Ore_Ele wrote:
At 1/29/2012 12:44:30 AM, tyler90az wrote:
At 1/29/2012 12:42:21 AM, darkkermit wrote:
At 1/29/2012 12:35:51 AM, imabench wrote:
Because its a really stupid idea when America has a national debt so large that we owe more money than what actually exists...

http://theeconomiccollapseblog.com...

You do realize that money recirculates. It's not mathematically impossible to pay off the us national debt, because all the US has to do is pay for the interest each year.

The real problem with corporate taxes is that it creates perverse incentive with loopholes in which lager businesses can lobby for loopholes and afford to pay an accountant or tax lawyer to pay as little as possible in taxes.

Also corporations do pass the costs off to consumers, layoffs and/or lower wages, so we don't really know the real "costs" of the tax, making it appear like the US pays less money then it really does.

I am trying to learn more about this subject.

Reasons for 0% Corporate Tax, maybe not zero just lower then any other country:

More jobs will come to America

Employees wages will be raised

Bush tried a tax holiday, thinking that waiving the corporate taxes would do this. What happened, was that nearly every dollar saved from the lower taxes was just given to shareholders and CEOs. Almost none was invested into growing the company or higher wages for employees.
16kadams
Posts: 10,497
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1/29/2012 8:05:40 AM
Posted: 4 years ago
At 1/29/2012 7:54:11 AM, royalpaladin wrote:
At 1/29/2012 1:22:25 AM, jimtimmy wrote:
The fact of the matter is that corporations reinvest their profits. If you tax corporate profits at a higher rate, you get less reinvestment. That means less new equipment, lower wages, and less new jobs.

I don't know why anyone would support high corporate taxation or high taxes on business and investors in general. After all, somebody has to accumulate capital for the economy to move forward at all.

At 1/29/2012 12:53:10 AM, Ore_Ele wrote:
At 1/29/2012 12:44:30 AM, tyler90az wrote:
At 1/29/2012 12:42:21 AM, darkkermit wrote:
At 1/29/2012 12:35:51 AM, imabench wrote:
Because its a really stupid idea when America has a national debt so large that we owe more money than what actually exists...

http://theeconomiccollapseblog.com...

You do realize that money recirculates. It's not mathematically impossible to pay off the us national debt, because all the US has to do is pay for the interest each year.

The real problem with corporate taxes is that it creates perverse incentive with loopholes in which lager businesses can lobby for loopholes and afford to pay an accountant or tax lawyer to pay as little as possible in taxes.

Also corporations do pass the costs off to consumers, layoffs and/or lower wages, so we don't really know the real "costs" of the tax, making it appear like the US pays less money then it really does.

I am trying to learn more about this subject.

Reasons for 0% Corporate Tax, maybe not zero just lower then any other country:

More jobs will come to America

Employees wages will be raised

Bush tried a tax holiday, thinking that waiving the corporate taxes would do this. What happened, was that nearly every dollar saved from the lower taxes was just given to shareholders and CEOs. Almost none was invested into growing the company or higher wages for employees.

Yep. Sadly.
https://www.youtube.com...
https://rekonomics.wordpress.com...
"A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross
tyler90az
Posts: 971
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1/29/2012 10:01:23 AM
Posted: 4 years ago
At 1/29/2012 7:54:11 AM, royalpaladin wrote:
At 1/29/2012 1:22:25 AM, jimtimmy wrote:
The fact of the matter is that corporations reinvest their profits. If you tax corporate profits at a higher rate, you get less reinvestment. That means less new equipment, lower wages, and less new jobs.

I don't know why anyone would support high corporate taxation or high taxes on business and investors in general. After all, somebody has to accumulate capital for the economy to move forward at all.

At 1/29/2012 12:53:10 AM, Ore_Ele wrote:
At 1/29/2012 12:44:30 AM, tyler90az wrote:
At 1/29/2012 12:42:21 AM, darkkermit wrote:
At 1/29/2012 12:35:51 AM, imabench wrote:
Because its a really stupid idea when America has a national debt so large that we owe more money than what actually exists...

http://theeconomiccollapseblog.com...

You do realize that money recirculates. It's not mathematically impossible to pay off the us national debt, because all the US has to do is pay for the interest each year.

The real problem with corporate taxes is that it creates perverse incentive with loopholes in which lager businesses can lobby for loopholes and afford to pay an accountant or tax lawyer to pay as little as possible in taxes.

Also corporations do pass the costs off to consumers, layoffs and/or lower wages, so we don't really know the real "costs" of the tax, making it appear like the US pays less money then it really does.

I am trying to learn more about this subject.

Reasons for 0% Corporate Tax, maybe not zero just lower then any other country:

More jobs will come to America

Employees wages will be raised

Bush tried a tax holiday, thinking that waiving the corporate taxes would do this. What happened, was that nearly every dollar saved from the lower taxes was just given to shareholders and CEOs. Almost none was invested into growing the company or higher wages for employees.

That is a secondary problem, the main problem is bringing jobs back to America, which a low corporate/business tax would do. Is that correct to assume?
Today we begin in earnest the work of making sure that the world we leave our children is just a little bit better than the one we inhabit today. - President Obama
royalpaladin
Posts: 22,357
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1/29/2012 10:12:09 AM
Posted: 4 years ago
At 1/29/2012 10:01:23 AM, tyler90az wrote:
At 1/29/2012 7:54:11 AM, royalpaladin wrote:
At 1/29/2012 1:22:25 AM, jimtimmy wrote:
The fact of the matter is that corporations reinvest their profits. If you tax corporate profits at a higher rate, you get less reinvestment. That means less new equipment, lower wages, and less new jobs.

I don't know why anyone would support high corporate taxation or high taxes on business and investors in general. After all, somebody has to accumulate capital for the economy to move forward at all.

At 1/29/2012 12:53:10 AM, Ore_Ele wrote:
At 1/29/2012 12:44:30 AM, tyler90az wrote:
At 1/29/2012 12:42:21 AM, darkkermit wrote:
At 1/29/2012 12:35:51 AM, imabench wrote:
Because its a really stupid idea when America has a national debt so large that we owe more money than what actually exists...

http://theeconomiccollapseblog.com...

You do realize that money recirculates. It's not mathematically impossible to pay off the us national debt, because all the US has to do is pay for the interest each year.

The real problem with corporate taxes is that it creates perverse incentive with loopholes in which lager businesses can lobby for loopholes and afford to pay an accountant or tax lawyer to pay as little as possible in taxes.

Also corporations do pass the costs off to consumers, layoffs and/or lower wages, so we don't really know the real "costs" of the tax, making it appear like the US pays less money then it really does.

I am trying to learn more about this subject.

Reasons for 0% Corporate Tax, maybe not zero just lower then any other country:

More jobs will come to America

Employees wages will be raised

Bush tried a tax holiday, thinking that waiving the corporate taxes would do this. What happened, was that nearly every dollar saved from the lower taxes was just given to shareholders and CEOs. Almost none was invested into growing the company or higher wages for employees.

That is a secondary problem, the main problem is bringing jobs back to America, which a low corporate/business tax would do. Is that correct to assume?

As you can see from the quote above, it never happened.
Lordknukle
Posts: 12,788
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1/29/2012 10:15:17 AM
Posted: 4 years ago
At 1/29/2012 10:12:09 AM, royalpaladin wrote:
At 1/29/2012 10:01:23 AM, tyler90az wrote:
At 1/29/2012 7:54:11 AM, royalpaladin wrote:
At 1/29/2012 1:22:25 AM, jimtimmy wrote:
The fact of the matter is that corporations reinvest their profits. If you tax corporate profits at a higher rate, you get less reinvestment. That means less new equipment, lower wages, and less new jobs.

I don't know why anyone would support high corporate taxation or high taxes on business and investors in general. After all, somebody has to accumulate capital for the economy to move forward at all.

At 1/29/2012 12:53:10 AM, Ore_Ele wrote:
At 1/29/2012 12:44:30 AM, tyler90az wrote:
At 1/29/2012 12:42:21 AM, darkkermit wrote:
At 1/29/2012 12:35:51 AM, imabench wrote:
Because its a really stupid idea when America has a national debt so large that we owe more money than what actually exists...

http://theeconomiccollapseblog.com...

You do realize that money recirculates. It's not mathematically impossible to pay off the us national debt, because all the US has to do is pay for the interest each year.

The real problem with corporate taxes is that it creates perverse incentive with loopholes in which lager businesses can lobby for loopholes and afford to pay an accountant or tax lawyer to pay as little as possible in taxes.

Also corporations do pass the costs off to consumers, layoffs and/or lower wages, so we don't really know the real "costs" of the tax, making it appear like the US pays less money then it really does.

I am trying to learn more about this subject.

Reasons for 0% Corporate Tax, maybe not zero just lower then any other country:

More jobs will come to America

Employees wages will be raised

Bush tried a tax holiday, thinking that waiving the corporate taxes would do this. What happened, was that nearly every dollar saved from the lower taxes was just given to shareholders and CEOs. Almost none was invested into growing the company or higher wages for employees.

That is a secondary problem, the main problem is bringing jobs back to America, which a low corporate/business tax would do. Is that correct to assume?

As you can see from the quote above, it never happened.

Let's not forget that from 2001-2008, America's economy grew considerably.
"Easy is the descent to Avernus, for the door to the Underworld lies upon both day and night. But to retrace your steps and return to the breezes above- that's the task, that's the toil."
royalpaladin
Posts: 22,357
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1/29/2012 10:21:05 AM
Posted: 4 years ago
At 1/29/2012 10:15:17 AM, Lordknukle wrote:
At 1/29/2012 10:12:09 AM, royalpaladin wrote:
At 1/29/2012 10:01:23 AM, tyler90az wrote:
At 1/29/2012 7:54:11 AM, royalpaladin wrote:
At 1/29/2012 1:22:25 AM, jimtimmy wrote:
The fact of the matter is that corporations reinvest their profits. If you tax corporate profits at a higher rate, you get less reinvestment. That means less new equipment, lower wages, and less new jobs.

I don't know why anyone would support high corporate taxation or high taxes on business and investors in general. After all, somebody has to accumulate capital for the economy to move forward at all.

At 1/29/2012 12:53:10 AM, Ore_Ele wrote:
At 1/29/2012 12:44:30 AM, tyler90az wrote:
At 1/29/2012 12:42:21 AM, darkkermit wrote:
At 1/29/2012 12:35:51 AM, imabench wrote:
Because its a really stupid idea when America has a national debt so large that we owe more money than what actually exists...

http://theeconomiccollapseblog.com...

You do realize that money recirculates. It's not mathematically impossible to pay off the us national debt, because all the US has to do is pay for the interest each year.

The real problem with corporate taxes is that it creates perverse incentive with loopholes in which lager businesses can lobby for loopholes and afford to pay an accountant or tax lawyer to pay as little as possible in taxes.

Also corporations do pass the costs off to consumers, layoffs and/or lower wages, so we don't really know the real "costs" of the tax, making it appear like the US pays less money then it really does.

I am trying to learn more about this subject.

Reasons for 0% Corporate Tax, maybe not zero just lower then any other country:

More jobs will come to America

Employees wages will be raised

Bush tried a tax holiday, thinking that waiving the corporate taxes would do this. What happened, was that nearly every dollar saved from the lower taxes was just given to shareholders and CEOs. Almost none was invested into growing the company or higher wages for employees.

That is a secondary problem, the main problem is bringing jobs back to America, which a low corporate/business tax would do. Is that correct to assume?

As you can see from the quote above, it never happened.

Let's not forget that from 2001-2008, America's economy grew considerably.

Really? I was under the impression that Bush caused a recession.
Lordknukle
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1/29/2012 10:54:44 AM
Posted: 4 years ago
At 1/29/2012 10:21:05 AM, royalpaladin wrote:
At 1/29/2012 10:15:17 AM, Lordknukle wrote:
At 1/29/2012 10:12:09 AM, royalpaladin wrote:
At 1/29/2012 10:01:23 AM, tyler90az wrote:
At 1/29/2012 7:54:11 AM, royalpaladin wrote:
At 1/29/2012 1:22:25 AM, jimtimmy wrote:
The fact of the matter is that corporations reinvest their profits. If you tax corporate profits at a higher rate, you get less reinvestment. That means less new equipment, lower wages, and less new jobs.

I don't know why anyone would support high corporate taxation or high taxes on business and investors in general. After all, somebody has to accumulate capital for the economy to move forward at all.

At 1/29/2012 12:53:10 AM, Ore_Ele wrote:
At 1/29/2012 12:44:30 AM, tyler90az wrote:
At 1/29/2012 12:42:21 AM, darkkermit wrote:
At 1/29/2012 12:35:51 AM, imabench wrote:
Because its a really stupid idea when America has a national debt so large that we owe more money than what actually exists...

http://theeconomiccollapseblog.com...

You do realize that money recirculates. It's not mathematically impossible to pay off the us national debt, because all the US has to do is pay for the interest each year.

The real problem with corporate taxes is that it creates perverse incentive with loopholes in which lager businesses can lobby for loopholes and afford to pay an accountant or tax lawyer to pay as little as possible in taxes.

Also corporations do pass the costs off to consumers, layoffs and/or lower wages, so we don't really know the real "costs" of the tax, making it appear like the US pays less money then it really does.

I am trying to learn more about this subject.

Reasons for 0% Corporate Tax, maybe not zero just lower then any other country:

More jobs will come to America

Employees wages will be raised

Bush tried a tax holiday, thinking that waiving the corporate taxes would do this. What happened, was that nearly every dollar saved from the lower taxes was just given to shareholders and CEOs. Almost none was invested into growing the company or higher wages for employees.

That is a secondary problem, the main problem is bringing jobs back to America, which a low corporate/business tax would do. Is that correct to assume?

As you can see from the quote above, it never happened.

Let's not forget that from 2001-2008, America's economy grew considerably.

Really? I was under the impression that Bush caused a recession.

1. Bush didn't cause the recession.
2. The period from 2001-2008 before the recession was one of extreme growth.
"Easy is the descent to Avernus, for the door to the Underworld lies upon both day and night. But to retrace your steps and return to the breezes above- that's the task, that's the toil."
jimtimmy
Posts: 3,953
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1/29/2012 11:46:11 AM
Posted: 4 years ago
Everyone. We need to clear up this tax holiday thing. A tax holiday is only a temporary thing. Corporations aren't going to come back to the USA because of a temporary tax break.

What needs to be done is a permanent lower corporate tax rate, less regulations, and more certainty for businesses. That will bring a lot of jobs back to the USA.
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