Please tell me what raising the rate will do compared to this. Taking 7% more from businesses, without any return for the business, what does the business or American persons get out of it?
You’re probably against fixing spending as well since Trump is proposing it as well.
Besides a stable environment for economic prosperity in the form of public services, reliable infrastructure, and social programs? You know, what we've had for the past 90 years while the corporate tax rate maxed out anywhere from 30% to 50%?
Because it has historically not been a problem for the economy nor businesses in general. History has been pretty conclusive on that. Lower taxes without a guaranteed ROI is the surest way to drive up deficits because, in a general sense, businesses will do the absolute bare minimum and sometimes nothing at all while pocketing profits. We've seen it before, we're seeing it now, and we'll see it in the future. Again, read up on the Kansas Experiment. Fascinating stuff.
You should probably read up on the Kansas Experiment. This isn't dropping income tax by 30% or business tax to 0%. Not the same thing.
Sure, crackdown on how the government spends.
Yeah, it pretty much is. Again, read up on it and the history on those taxes in general. Fascinating stuff.
The corporate tax rate was that high when the rest of the industrialized world was destroyed and American companies had nowhere to go. Once other areas of the planet developed or rebuilt and lowered their own tax rates, there was a mass exodus. It was then that America lowered its tax rate to a level that was globally competitive. Now you want to ignore the modern reality and set the American tax rates to a level we already know causes capital flight? Do you plan on shooting the heads of corporations who shift their profit centers abroad? Do you plan on having government seize factories to finally bring about the workers paradise that has never been tried?
So all this tax got us:
www.socialprogress.org
www.imd.org
This seems like an incredibly strong argument for the exact opposite of dramatically slashing corporate tax rates.So all this tax got us:
19th / 29th in Social Progress
Global Social Progress Index
The AlTi Global Social Progress Index is distinct in its comprehensive approach and rigorous assessment of the wellbeing of a society. By focusing only on the non-economic aspects of social performance, the index offers actionable data insights revealing areas of need and opportunities for...
2nd / 16th Infrastructure/Public Transportation
16 Countries With Most Efficient Public Transportation
In this article, we will take a detailed look at the 16 Countries With Most Efficient Public Transportation. If you want to skip our global overview of the public transport industry, you can take a look at our top picks of 5 Countries With Most Efficient Public Transportation. In a faster and...finance.yahoo.com
12th / 59th in Business Economic Prosperity
WCR-Rankings - IMD business school for management and leadership courses
World Competitiveness Ranking
All with MASSIVE debt.
Dropping a rate 6% for companies that make products in America is the same as dropping income tax 30% and businesses tax rates to 0%?
www.bostonherald.com
But all the people who got rich in America would leave and go to a different country if their taxes went up
So you're ok with a 7% increase? 80k would be a $5600 hit to you. Are you okay with that?
You can do both, at the same time.
We have a 90 year history of a 30%-50% corporate tax rate objectively working and working extremely well, and he's posting horror stories of people leaving individual states along with some appeal to a billionaire's authority (lol).But all the people who got rich in America would leave and go to a different country if their taxes went up
How patriotic of them. **** em.
(I actually don't think they would leave and instead would continue to simply cheat the system and stay here)
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