Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:SevenThunders:MV8yMDU3NTIyXzM0NjAxNzQ0XzcyNzlERjM2] I have bad news for those caught up in the politics of envy and Marxist class warfare. There is a proven strong negative correlation between high marginal tax rates and government income. That is when governments raise taxes on the highest income folks our revenues actually go down. This probably in part because the rich know how to avoid taxes and are quite willing to pull their funds out of high tax countries. http://www.forbes.com/sites/mikepatton/2012/10/15/do-tax-cuts-increase-government-revenue/ http://blogs-images.forbes.com/mikepatton/files/2012/10/Federal-Revenue-Tax-Brackets5.png I make no judgment about the character or worthiness of the rich to receive their wealth. In fact one quote I've heard is, "you can tell what God thinks about the rich by looking at who He has entrusted wealth to.". Nevertheless, the cognitive dissonance any statist must face is the fact that in order to increase government coffers, so that you can squander taxes on government programs, requires the unpleasant policy of letting the rich 'keep' their money. One way to think of it, is to ask yourself, what is a tax rate that you are willing to pay without giving much of a second thought to how you do your business? A good example of this is a bridge toll. If that toll was $100, would you find another route? You probably would and the rich do the same with where their wealth is deposited. If the toll is only 50 cents you wouldn't think twice about crossing the bridge, and in fact the bridge collects more money in that scenario. [/quote]
if company was incoporated in usa then they wont have to pay taxes on profits generated from overseas, in my opinion it doesnt even matter anymore do half of them even pay the required tax rate? some of the big companies dont even pay any taxes. they call it Fix the Debt.
link to www.ombwatch.org
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Facebook Adds 'Satire' Tag to Fake News
Is California drought Setting the Stage for wave of earthquakes?
Volcanic Island in Japan may collapse and create Tsunami
Amnesty International Takes ‘Unprecedented’ Step in Sending Delegation to Ferguson
Boston Police Used Facial Recognition Software To Grab Photos Of Every Person Attending Local Music Festivals
‘Negro Spring’: Shots fired at police, media arrested, Nelly visits Ferguson (Photos, Videos)
Spy Tech "Stress Camera" Scans Crowds For Suicide Bombers
Early Use of Antibiotics Alters Immunity Later On
The Secret Science Boards of TED And The Question of Consciousness
How Various Law Enforcement Agencies Could Hack Your Computer Via YouTube Videos
AVERAGE PRICE OF GROUND BEEF HITS ALL-TIME HIGH
DOJ, COMMUNISTS, NEW BLACK PANTHERS HIJACK FERGUSON PROTESTS
How Much is $100 Really Worth in Your State? This Map Will Show You
GLPVC TheRawFeedLive - Wed Aug 27th 9pm est **Special Show** The Band "MADCO"
Hospital network hacked, 4.5 million records stolen – PA Included!
Eye Witness Audio of Mike Brown Shooting States: “Brown Doubled Back Toward POlice”
Woman Discovers Her Husband Is Married To Three Other Women After Finding Wedding Photos On Facebook
UFO caught by news crew in forest-fire coverage Startling phenomenon appears in TV footage
Actor Joe Piscopo is Leaving the Democrat Party because it has simply become too extreme.
Hidden Before Your Very Eyes. Don’t Underestimate The Creativity Of The Government
63% of Americans Actively Avoid Soda
A List Of Millions Of Americans That Will Be Subject To Detention During Martial Law
Your Smart Meter Knows What Shows You Watch On TV
Is Ferguson, Missouri A Preview Of What Is Coming To America?
Big Earthquake Looms for Chile
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.005s (5 queries)