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Economy Title: The U.S. corporate tax haven When we think of corporate tax havens, we often think of offshore accounts. Well, think again: the United States has become a giant tax haven for corporations. That’s what’s so crazy about the current call to lower corporate tax rates in the United Stats: they’re already (as graph below shows) paying a historically low percentage of federal tax revenues. snip The fact is, we’re being held hostage—by corporations and mainstream economists alike—to the idea that one tiny group in society has the right to appropriate most of the surplus and to decide when and where most jobs will be created. And, if it doesn’t get its way, it’ll deploy its capital elsewhere. That’s why the United States has become a giant corporate tax haven. And, if things continue as they are, it’ll become an empty shell—just as empty as those offshore “headquarters” corporations have been using to avoid taxes on their profits.
Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 10. #1. To: Badeye, A K A Stone, hondo68, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, brian s, mcgowanjm, Capitalist Eric, Mininggold (#0) The fact is, we’re being held hostage—by corporations and mainstream economists alike—to the idea that one tiny group in society has the right to appropriate most of the surplus and to decide when and where most jobs will be created. And, if it doesn’t get its way, it’ll deploy its capital elsewhere. The truth is American corporations have abandoned the American middle class.
#2. To: lucysmom (#1) The truth is American corporations have abandoned the American middle class. Actually, the truth is when you produce the 2nd highest corporate tax rate on the planet, combined with insane union demands on wages, corporations moved to more hospitable business climates. And EVERYONE GETS SCREWED. Not just the middle class. Course you are a liberal, so bullshit class warfare is like breathing to you.
#3. To: Badeye (#2) Course you are a liberal, so bullshit class warfare is like breathing to you. Did you follow the link and look at the graph? Corporate taxes have been falling as a percent since the middle of the last century until they are now a small fraction of total tax collected.
#8. To: lucysmom (#3) Of course he didn't. Fox News told him all that he needs to know and when that falls short Rush fills in the gaps.
#10. To: war (#8) Fox News told him all that he needs to know and when that falls short Rush fills in the gaps. That would be funny if it weren't true.
Replies to Comment # 10. GE pays 0 tax and gets a retroactive refund for a previous overpayment that reduced its tax liability to 0 but US corporations are overtaxed.
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