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Corporate Tax Rate

Grizzly-Jones
Posts: 90
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2/5/2016 11:23:33 PM
Posted: 10 months ago
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?
bballcrook21
Posts: 4,468
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2/5/2016 11:27:58 PM
Posted: 10 months ago
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
Grizzly-Jones
Posts: 90
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2/5/2016 11:29:01 PM
Posted: 10 months ago
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.
bballcrook21
Posts: 4,468
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2/5/2016 11:31:15 PM
Posted: 10 months ago
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
Grizzly-Jones
Posts: 90
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2/5/2016 11:31:41 PM
Posted: 10 months ago
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?
bballcrook21
Posts: 4,468
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2/5/2016 11:33:25 PM
Posted: 10 months ago
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
tajshar2k
Posts: 2,385
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2/5/2016 11:33:34 PM
Posted: 10 months ago
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

I agree. The Corporate Tax rate is discouraging investment, and giving corporations and excuse to file taxes in other countries.
"In Guns We Trust" Tajshar2k
Grizzly-Jones
Posts: 90
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2/5/2016 11:37:02 PM
Posted: 10 months ago
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.
bballcrook21
Posts: 4,468
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2/5/2016 11:37:38 PM
Posted: 10 months ago
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

What hurts the economy? Income?
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
Grizzly-Jones
Posts: 90
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2/5/2016 11:43:04 PM
Posted: 10 months ago
At 2/5/2016 11:37:38 PM, bballcrook21 wrote:
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

What hurts the economy? Income?

We need to pay of debt, which hurts the economy. When corporations aren't even using that money to create jobs, and more businesses, but are just keeping it as savings, it's losing situation for America.
bballcrook21
Posts: 4,468
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2/5/2016 11:44:25 PM
Posted: 10 months ago
At 2/5/2016 11:43:04 PM, Grizzly-Jones wrote:
At 2/5/2016 11:37:38 PM, bballcrook21 wrote:
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

What hurts the economy? Income?

We need to pay of debt, which hurts the economy. When corporations aren't even using that money to create jobs, and more businesses, but are just keeping it as savings, it's losing situation for America.

Debt is created when government spends. It shouldn't take in too much money nor should it spend too much of it.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
Grizzly-Jones
Posts: 90
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2/5/2016 11:45:32 PM
Posted: 10 months ago
At 2/5/2016 11:44:25 PM, bballcrook21 wrote:
At 2/5/2016 11:43:04 PM, Grizzly-Jones wrote:
At 2/5/2016 11:37:38 PM, bballcrook21 wrote:
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

What hurts the economy? Income?

We need to pay of debt, which hurts the economy. When corporations aren't even using that money to create jobs, and more businesses, but are just keeping it as savings, it's losing situation for America.

Debt is created when government spends. It shouldn't take in too much money nor should it spend too much of it.

I'm talking about the current debt. Our debt has exceeded our GDP, so the government can't reasonably just cut funding for programs to cover it. We need to make use of taxation also.
bballcrook21
Posts: 4,468
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2/5/2016 11:46:13 PM
Posted: 10 months ago
At 2/5/2016 11:45:32 PM, Grizzly-Jones wrote:
At 2/5/2016 11:44:25 PM, bballcrook21 wrote:
At 2/5/2016 11:43:04 PM, Grizzly-Jones wrote:
At 2/5/2016 11:37:38 PM, bballcrook21 wrote:
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

What hurts the economy? Income?

We need to pay of debt, which hurts the economy. When corporations aren't even using that money to create jobs, and more businesses, but are just keeping it as savings, it's losing situation for America.

Debt is created when government spends. It shouldn't take in too much money nor should it spend too much of it.

I'm talking about the current debt. Our debt has exceeded our GDP, so the government can't reasonably just cut funding for programs to cover it. We need to make use of taxation also.

We could just cut programs until they go under our taxes, so that we can have leftover money to pay off the debt.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
TBR
Posts: 9,991
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2/5/2016 11:49:35 PM
Posted: 10 months ago
At 2/5/2016 11:46:13 PM, bballcrook21 wrote:
At 2/5/2016 11:45:32 PM, Grizzly-Jones wrote:
At 2/5/2016 11:44:25 PM, bballcrook21 wrote:
At 2/5/2016 11:43:04 PM, Grizzly-Jones wrote:
At 2/5/2016 11:37:38 PM, bballcrook21 wrote:
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

What hurts the economy? Income?

We need to pay of debt, which hurts the economy. When corporations aren't even using that money to create jobs, and more businesses, but are just keeping it as savings, it's losing situation for America.

Debt is created when government spends. It shouldn't take in too much money nor should it spend too much of it.

I'm talking about the current debt. Our debt has exceeded our GDP, so the government can't reasonably just cut funding for programs to cover it. We need to make use of taxation also.

We could just cut programs until they go under our taxes, so that we can have leftover money to pay off the debt.

You are talking about cutting almost 15% of federal income. It is very hard to take you seriously.
Grizzly-Jones
Posts: 90
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2/5/2016 11:51:50 PM
Posted: 10 months ago
At 2/5/2016 11:46:13 PM, bballcrook21 wrote:
At 2/5/2016 11:45:32 PM, Grizzly-Jones wrote:
At 2/5/2016 11:44:25 PM, bballcrook21 wrote:
At 2/5/2016 11:43:04 PM, Grizzly-Jones wrote:
At 2/5/2016 11:37:38 PM, bballcrook21 wrote:
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

What hurts the economy? Income?

We need to pay of debt, which hurts the economy. When corporations aren't even using that money to create jobs, and more businesses, but are just keeping it as savings, it's losing situation for America.

Debt is created when government spends. It shouldn't take in too much money nor should it spend too much of it.

I'm talking about the current debt. Our debt has exceeded our GDP, so the government can't reasonably just cut funding for programs to cover it. We need to make use of taxation also.

We could just cut programs until they go under our taxes, so that we can have leftover money to pay off the debt.

That's not going to happen anytime soon, since we are continuing to borrow about 1.4 trillion dollars annually from China also. Then again, the U.S could manage to keep the economy afloat for a longer period, since the USD is the de facto standard of the world. Still, cutting too much on federal expenditures isn't always a good thing.
bballcrook21
Posts: 4,468
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2/5/2016 11:53:40 PM
Posted: 10 months ago
At 2/5/2016 11:51:50 PM, Grizzly-Jones wrote:
At 2/5/2016 11:46:13 PM, bballcrook21 wrote:
At 2/5/2016 11:45:32 PM, Grizzly-Jones wrote:
At 2/5/2016 11:44:25 PM, bballcrook21 wrote:
At 2/5/2016 11:43:04 PM, Grizzly-Jones wrote:
At 2/5/2016 11:37:38 PM, bballcrook21 wrote:
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

What hurts the economy? Income?

We need to pay of debt, which hurts the economy. When corporations aren't even using that money to create jobs, and more businesses, but are just keeping it as savings, it's losing situation for America.

Debt is created when government spends. It shouldn't take in too much money nor should it spend too much of it.

I'm talking about the current debt. Our debt has exceeded our GDP, so the government can't reasonably just cut funding for programs to cover it. We need to make use of taxation also.

We could just cut programs until they go under our taxes, so that we can have leftover money to pay off the debt.

That's not going to happen anytime soon, since we are continuing to borrow about 1.4 trillion dollars annually from China also. Then again, the U.S could manage to keep the economy afloat for a longer period, since the USD is the de facto standard of the world. Still, cutting too much on federal expenditures isn't always a good thing.

Cut welfare, cut food stamps, then cut taxes so that jobs can open up and have these leeches back to work.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
Wylted
Posts: 21,167
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2/5/2016 11:55:49 PM
Posted: 10 months ago
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

25% is still too high. A 0% rate will bring in mpre corporations to America.
Grizzly-Jones
Posts: 90
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2/5/2016 11:56:08 PM
Posted: 10 months ago
At 2/5/2016 11:53:40 PM, bballcrook21 wrote:
At 2/5/2016 11:51:50 PM, Grizzly-Jones wrote:
At 2/5/2016 11:46:13 PM, bballcrook21 wrote:
At 2/5/2016 11:45:32 PM, Grizzly-Jones wrote:
At 2/5/2016 11:44:25 PM, bballcrook21 wrote:
At 2/5/2016 11:43:04 PM, Grizzly-Jones wrote:
At 2/5/2016 11:37:38 PM, bballcrook21 wrote:
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

What hurts the economy? Income?

We need to pay of debt, which hurts the economy. When corporations aren't even using that money to create jobs, and more businesses, but are just keeping it as savings, it's losing situation for America.

Debt is created when government spends. It shouldn't take in too much money nor should it spend too much of it.

I'm talking about the current debt. Our debt has exceeded our GDP, so the government can't reasonably just cut funding for programs to cover it. We need to make use of taxation also.

We could just cut programs until they go under our taxes, so that we can have leftover money to pay off the debt.

That's not going to happen anytime soon, since we are continuing to borrow about 1.4 trillion dollars annually from China also. Then again, the U.S could manage to keep the economy afloat for a longer period, since the USD is the de facto standard of the world. Still, cutting too much on federal expenditures isn't always a good thing.

Cut welfare, cut food stamps, then cut taxes so that jobs can open up and have these leeches back to work.

I do agree with you, that welfare should be cut substantially, but it wouldn't be enough to cover the deficit and debt.
Wylted
Posts: 21,167
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2/5/2016 11:56:52 PM
Posted: 10 months ago
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

The revenue would drop to what it was in 2002. Was 2002 really that bad on the government where they couldn't build rpads and shitt?
bballcrook21
Posts: 4,468
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2/5/2016 11:58:11 PM
Posted: 10 months ago
At 2/5/2016 11:56:08 PM, Grizzly-Jones wrote:
At 2/5/2016 11:53:40 PM, bballcrook21 wrote:
At 2/5/2016 11:51:50 PM, Grizzly-Jones wrote:
At 2/5/2016 11:46:13 PM, bballcrook21 wrote:
At 2/5/2016 11:45:32 PM, Grizzly-Jones wrote:
At 2/5/2016 11:44:25 PM, bballcrook21 wrote:
At 2/5/2016 11:43:04 PM, Grizzly-Jones wrote:
At 2/5/2016 11:37:38 PM, bballcrook21 wrote:
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

What hurts the economy? Income?

We need to pay of debt, which hurts the economy. When corporations aren't even using that money to create jobs, and more businesses, but are just keeping it as savings, it's losing situation for America.

Debt is created when government spends. It shouldn't take in too much money nor should it spend too much of it.

I'm talking about the current debt. Our debt has exceeded our GDP, so the government can't reasonably just cut funding for programs to cover it. We need to make use of taxation also.

We could just cut programs until they go under our taxes, so that we can have leftover money to pay off the debt.

That's not going to happen anytime soon, since we are continuing to borrow about 1.4 trillion dollars annually from China also. Then again, the U.S could manage to keep the economy afloat for a longer period, since the USD is the de facto standard of the world. Still, cutting too much on federal expenditures isn't always a good thing.

Cut welfare, cut food stamps, then cut taxes so that jobs can open up and have these leeches back to work.

I do agree with you, that welfare should be cut substantially, but it wouldn't be enough to cover the deficit and debt.

http://www.usgovernmentspending.com...

Cut all welfare, pensions, and gov. healthcare. Let free market handle it.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
Wylted
Posts: 21,167
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2/5/2016 11:58:18 PM
Posted: 10 months ago
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

Actually taking the money away from thoughtful spenders and putting it into the hands of people who suck with money and buy 100 dollar staplers is harmful to the economy
Wylted
Posts: 21,167
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2/6/2016 12:00:15 AM
Posted: 10 months ago
At 2/5/2016 11:49:35 PM, TBR wrote:
At 2/5/2016 11:46:13 PM, bballcrook21 wrote:
At 2/5/2016 11:45:32 PM, Grizzly-Jones wrote:
At 2/5/2016 11:44:25 PM, bballcrook21 wrote:
At 2/5/2016 11:43:04 PM, Grizzly-Jones wrote:
At 2/5/2016 11:37:38 PM, bballcrook21 wrote:
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

What hurts the economy? Income?

We need to pay of debt, which hurts the economy. When corporations aren't even using that money to create jobs, and more businesses, but are just keeping it as savings, it's losing situation for America.

Debt is created when government spends. It shouldn't take in too much money nor should it spend too much of it.

I'm talking about the current debt. Our debt has exceeded our GDP, so the government can't reasonably just cut funding for programs to cover it. We need to make use of taxation also.

We could just cut programs until they go under our taxes, so that we can have leftover money to pay off the debt.

You are talking about cutting almost 15% of federal income. It is very hard to take you seriously.

Oh and putting revenues at 2002 levels? OMG, to go back to not having roads and indoorbplumbing at the whitehouse would be reckless.
TBR
Posts: 9,991
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2/6/2016 12:17:36 AM
Posted: 10 months ago
At 2/6/2016 12:00:15 AM, Wylted wrote:
At 2/5/2016 11:49:35 PM, TBR wrote:
At 2/5/2016 11:46:13 PM, bballcrook21 wrote:
At 2/5/2016 11:45:32 PM, Grizzly-Jones wrote:
At 2/5/2016 11:44:25 PM, bballcrook21 wrote:
At 2/5/2016 11:43:04 PM, Grizzly-Jones wrote:
At 2/5/2016 11:37:38 PM, bballcrook21 wrote:
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

What hurts the economy? Income?

We need to pay of debt, which hurts the economy. When corporations aren't even using that money to create jobs, and more businesses, but are just keeping it as savings, it's losing situation for America.

Debt is created when government spends. It shouldn't take in too much money nor should it spend too much of it.

I'm talking about the current debt. Our debt has exceeded our GDP, so the government can't reasonably just cut funding for programs to cover it. We need to make use of taxation also.

We could just cut programs until they go under our taxes, so that we can have leftover money to pay off the debt.

You are talking about cutting almost 15% of federal income. It is very hard to take you seriously.

Oh and putting revenues at 2002 levels? OMG, to go back to not having roads and indoorbplumbing at the whitehouse would be reckless.

Cutting 15% of income is reckless.
walker_harris3
Posts: 273
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2/6/2016 12:23:11 AM
Posted: 10 months ago
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Absolutely. Coolidge cut the corporate tax from 60 to 45 to 25, and we all know what happened. Interestingly enough, when you lower corporate taxes, government tax revenue increases, and the tax burden of the top percent increases. Liberals fail miserably at economics.

You can't cut too much though, because then inflation would kick in. Going to 25-20% would be ideal. Canada's corporate tax revenue has increased on average 3.3% yearly since cutting the corporate tax in 2000 from 45 to 26, which is a lot similar to what Coolidge did. This rate is trending upwards. US corporate tax revenue since 2000 is only increasing 2.3% yearly, and is stagnating.

Liberals would be the ones to let Canada beat us.
walker_harris3
Posts: 273
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2/6/2016 12:24:38 AM
Posted: 10 months ago
At 2/6/2016 12:17:36 AM, TBR wrote:
At 2/6/2016 12:00:15 AM, Wylted wrote:
At 2/5/2016 11:49:35 PM, TBR wrote:
At 2/5/2016 11:46:13 PM, bballcrook21 wrote:
At 2/5/2016 11:45:32 PM, Grizzly-Jones wrote:
At 2/5/2016 11:44:25 PM, bballcrook21 wrote:
At 2/5/2016 11:43:04 PM, Grizzly-Jones wrote:
At 2/5/2016 11:37:38 PM, bballcrook21 wrote:
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

What hurts the economy? Income?

We need to pay of debt, which hurts the economy. When corporations aren't even using that money to create jobs, and more businesses, but are just keeping it as savings, it's losing situation for America.

Debt is created when government spends. It shouldn't take in too much money nor should it spend too much of it.

I'm talking about the current debt. Our debt has exceeded our GDP, so the government can't reasonably just cut funding for programs to cover it. We need to make use of taxation also.

We could just cut programs until they go under our taxes, so that we can have leftover money to pay off the debt.

You are talking about cutting almost 15% of federal income. It is very hard to take you seriously.

Oh and putting revenues at 2002 levels? OMG, to go back to not having roads and indoorbplumbing at the whitehouse would be reckless.

Cutting 15% of income is reckless.

Having welfare programs account for 2/3 of the budget is reckless as well
1harderthanyouthink
Posts: 13,107
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2/6/2016 12:28:22 AM
Posted: 10 months ago
At 2/5/2016 11:33:34 PM, tajshar2k wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

I agree. The Corporate Tax rate is discouraging investment, and giving corporations and excuse to file taxes in other countries.

How do you think it "discourages investment"?
"It's awfully considerate of you to think of me here,
And I'm much obliged to you for making it clear - that I'm not here."

-Syd Barrett

DDO Risk King
TBR
Posts: 9,991
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2/6/2016 12:31:43 AM
Posted: 10 months ago
At 2/6/2016 12:24:38 AM, walker_harris3 wrote:
At 2/6/2016 12:17:36 AM, TBR wrote:
At 2/6/2016 12:00:15 AM, Wylted wrote:
At 2/5/2016 11:49:35 PM, TBR wrote:
At 2/5/2016 11:46:13 PM, bballcrook21 wrote:
At 2/5/2016 11:45:32 PM, Grizzly-Jones wrote:
At 2/5/2016 11:44:25 PM, bballcrook21 wrote:
At 2/5/2016 11:43:04 PM, Grizzly-Jones wrote:
At 2/5/2016 11:37:38 PM, bballcrook21 wrote:
At 2/5/2016 11:37:02 PM, Grizzly-Jones wrote:
At 2/5/2016 11:33:25 PM, bballcrook21 wrote:
At 2/5/2016 11:31:41 PM, Grizzly-Jones wrote:
At 2/5/2016 11:31:15 PM, bballcrook21 wrote:
At 2/5/2016 11:29:01 PM, Grizzly-Jones wrote:
At 2/5/2016 11:27:58 PM, bballcrook21 wrote:
At 2/5/2016 11:23:33 PM, Grizzly-Jones wrote:
The U.S has one of the highest corporate tax rates in the world, yet receives the least revenue from it. I believe the high tax rates are encouraging corporations to send their taxes to places like the Cayman Islands.

I believe we should reduce the tax rate to 25%, and enforce stricter laws to keep companies from fleeing their taxes.

Thoughts?

Or just get rid of the corporate tax altogether.

I dont' think that would turn out well. The government would lose a significant amount of revenue.

That's a good thing.

How so?

Government doesn't deserve your money.

That is true, but all income needs to be taxed. It hurts the economy.

What hurts the economy? Income?

We need to pay of debt, which hurts the economy. When corporations aren't even using that money to create jobs, and more businesses, but are just keeping it as savings, it's losing situation for America.

Debt is created when government spends. It shouldn't take in too much money nor should it spend too much of it.

I'm talking about the current debt. Our debt has exceeded our GDP, so the government can't reasonably just cut funding for programs to cover it. We need to make use of taxation also.

We could just cut programs until they go under our taxes, so that we can have leftover money to pay off the debt.

You are talking about cutting almost 15% of federal income. It is very hard to take you seriously.

Oh and putting revenues at 2002 levels? OMG, to go back to not having roads and indoorbplumbing at the whitehouse would be reckless.

Cutting 15% of income is reckless.

Having welfare programs account for 2/3 of the budget is reckless as well

And yet another I can't take seriously. 2/3? 66%? Are you trying to include social security in welfare?
Wylted
Posts: 21,167
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2/6/2016 12:34:57 AM
Posted: 10 months ago
Cutting 15% of income is reckless.

It's revenue, and what was so bad about 2002 that we couldn't cut it? Especially when taking into account the massive infljx of corporations that would bring with jt higher paying exechtive jobs and more taxable income, while bringing a dramatic boost to the economy.
Wylted
Posts: 21,167
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2/6/2016 12:40:03 AM
Posted: 10 months ago
At 2/6/2016 12:34:48 AM, EndarkenedRationalist wrote:
Cutting the corporate tax rate is perfectly fine so long as we firmly close all the loopholes to ensure that it's actually paid.

Like what loopholes? I take advantage of a loophole known as A roth IRA? Why are you screwing me out of that?