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About LinkBacksWe are not making comparisons we are saying the rate that is on the books before deductions is now the highest in the world since Japan lowered theirs. That is truthOriginally Posted by Reiver
Guru
We are not making comparisons we are saying the rate that is on the books before deductions is now the highest in the world since Japan lowered theirs. That is truth
This is the truth. The numbers do not lie. Reiver needs to start another thread about scholarly research on effective tax rates, like Obama's 20%, as you have mentioned.
"The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child. It’s irresponsible. It’s unpatriotic!" - Barack Hussein Obama
The only truth here is that international comparisons can only be made with effective rates. This is information readily available, as shown in this thread. Businesses oif course understand these rates. We're left therefore with something rather unappealing: deliberate misrepresentation of relative tax rates due to political emotionalis. An awfully ugly phenomenon as it represents a concerted effort to ignore economic reality
Corporate tax rates are non-partisan. Not accepting that the U.S. has the highest corporate tax rate, is just plain ignoring reality.
"The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child. It’s irresponsible. It’s unpatriotic!" - Barack Hussein Obama
You can repeat untruths until you're blue in the face but it won't change the facts: effective rates are required for international comparisons and the US doesn't have the highest rates. You want to play party politics? Fair enough. Just put some effort in the blag!
Guru
Unfortunately, conditions in the United States are growing ripe for even more takeovers like these to occur, especially now that the nation’s corporate tax rate is officially the highest in the world.This does not compute. Why would conditions in this country be ripe for foreign takeovers if we have the highest corporate tax rates in the world? Personally, I'd rather take over corporations in countries where taxes are low as, of course, I'd get to pocket those tax dollars. More scare tactics?This gaping disparity means every other country that we compete with for new investment is better situated to land that new investment and the jobs that come with it, because the after-tax return from that investment promises to be higher in those lower-taxed nations.
We still have one of the highest effective tax rates. This article is a little old, as it does not acknowledge that the U.S. has the top spot concerning corporate tax rates. Reiver, quit fooling yourself. You look ridiculous.
Link: http://taxfoundation.org/news/show/27609.html
"The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child. It’s irresponsible. It’s unpatriotic!" - Barack Hussein Obama
Nice to see you admit that your opening post is cobblers. Took your time about it though
I never admitted such a thing. You still have to admit that you are not on the same page as the OP.
"The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child. It’s irresponsible. It’s unpatriotic!" - Barack Hussein Obama
Golly, even though your opening post is drivel and every piece of evidence presented has illustrated it? Surely you can be budged by that?
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