Reply With QuoteThe Dude (07-12-2011)
High U.S. Corporate Tax Rate a Barrier to Economic Growth?
High U.S. Corporate Tax Rate a Barrier to Economic Growth?
The U.S. has one of the highest corporate tax rates in the world. Only Brazil, Uzbekistan, Chad and Argentina have higher corporate tax rates than the U.S. According to a research study by the Cato Institute, the effective U.S. corporate tax on new investment was 34.6% in 2010. This was higher than the average OECD rate of 18.6% and the average rate for 83 countries at 17.7% as shown in the chart below:
http://seekingalpha.com/article/2579...conomic-growth
The Dude (07-12-2011)
Mind Pretzel Biting Fly
No. The barrier to economic growth is the one way money suck out of our society due to globalization. No matter how low taxes are, corporations will still prefer to hire overseas slaves instead of paying a livable wage to americans. This lack of money for the working class (most of us) destroys demand.
Morality is a set of attitudes and behaviors which facilitate voluntary, cooperative and mutually beneficial relationships. --AssHatZombie
"Men think in herds, go mad in herds, but recover their senses one by one." -- Charles Mackay
"AssHat rocks and is fun to have around." -- Damocles
they won't hire overseas if america was more corporate friendly. if we want corps to hire only america, make it enticing to do so.Originally Posted by AssHatZombie
Liberty (07-12-2011)
Mind Pretzel Biting Fly
It has everything to do with labor costs, not regulations. Can you admit labor costs are a factor?
Morality is a set of attitudes and behaviors which facilitate voluntary, cooperative and mutually beneficial relationships. --AssHatZombie
"Men think in herds, go mad in herds, but recover their senses one by one." -- Charles Mackay
"AssHat rocks and is fun to have around." -- Damocles
yes, they are a factor. can you admit that making it more profitable for corps to hire in america is a factor?
Mind Pretzel Biting Fly
How do you make it more profitable for corporations to hire in america?
Morality is a set of attitudes and behaviors which facilitate voluntary, cooperative and mutually beneficial relationships. --AssHatZombie
"Men think in herds, go mad in herds, but recover their senses one by one." -- Charles Mackay
"AssHat rocks and is fun to have around." -- Damocles
cut taxes, give tax breaks for hiring in america....etc...etc....
Liberty (07-12-2011)
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