4/28/12

Here is a graphic explaining how multinational companies take advantage of international tax laws.

Click here

Time to lower domestic corporate taxes?

Comments (6)

4/28/12

US should have a flat 12.5% corporate rate with no exemptions and loopholes

4/28/12
futurectdoc:

US should have a flat 12.5% corporate rate with no exemptions and loopholes

I am in support of lowering domestic tax rates...might be counterintuitive but it would actually likely raise corporate tax revenues. With our max corp tax the way it is we give countries way too much incentive to move operations overseas to take advantage of their systems.

@UFO, glad you found this helpful.

Sometimes lies are more dependable than the truth.

4/30/12
Ultima-RDK:

@UFO, glad you found this helpful.

The amount of unpaid taxes and inequity in the system is a disgrace. Call me a liberal or whatever the hell else you want, but I stand by that. HOWEVER: I refuse to put myself at a disadvantage and will push the envelope to the letter of the law until this country stops jerking itself off about its finances....I'm actually serious.

Get busy living

4/30/12
UFOinsider:
Ultima-RDK:

@UFO, glad you found this helpful.

The amount of unpaid taxes and inequity in the system is a disgrace. Call me a liberal or whatever the hell else you want, but I stand by that. HOWEVER: I refuse to put myself at a disadvantage and will push the envelope to the letter of the law until this country stops jerking itself off about its finances....I'm actually serious.

There are definitely issues that need to be addressed. Your solution, UFO?

Sometimes lies are more dependable than the truth.

4/30/12
Ultima-RDK:
UFOinsider:
Ultima-RDK:

@UFO, glad you found this helpful.

The amount of unpaid taxes and inequity in the system is a disgrace. Call me a liberal or whatever the hell else you want, but I stand by that. HOWEVER: I refuse to put myself at a disadvantage and will push the envelope to the letter of the law until this country stops jerking itself off about its finances....I'm actually serious.

There are definitely issues that need to be addressed. Your solution, UFO?

That's a whole different conversation. The political will needs to be there, and the details can be handled by the army of technocrats. Simple facts are, the government handed $13TRILLION dollars to the financial industry over the last few years and then people turn around and bitch that the bottom half of the country isn't paying enough taxes?

Who gets screwed? The middle class. Anyone making between $30K and +/- $300K. Strang part is that they're 80% of the country. When that demographic asserts itself, everything will fall into place.

Get busy living

4/28/12

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