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Should the federal government lower corporate-tax rates?


More big U.S. companies are reincorporating abroad despite a 2004 federal law that sought to curb the practice. One big reason: Taxes. Companies cite various reasons for moving, including expanding their operations and their geographic reach. But tax bills remain a primary concern. A few cite worries that U.S. taxes will rise in the future, especially if Washington revamps the tax code next year to shrink the federal budget deficit.  What do you think? Are taxes driving U.S. companies overseas?

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    Reduce rates and simplify. It makes no sense to keep in place Government regulations that scarf up almost $1/2 Trillion per year in compliance costs to the taxpayers - the huge invisible tax that keeps clever and bright people employed in the tax advice sector, which doesn't add to the economy's productivity except insofar as the tax advisors help their clients win the great American tax avoidance game!

    It's not a question of rich vs. poor like Obama claims. The question is why must the greatest country on G-d's green Earth continue a tax system that in truth makes us all gophers in a gopher cage. The tax rates matter little - except that the higher the rates, the more the tax advisors can charge their clients to avoid taxes. But the so-called "progressives" can once again feed their opium besotted masses the lie that they brought more equality to the USA by raising taxes.

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  • The US corporate (and individual) tax rates are one of the highest in the world, especially when the US subjects most, if not all, money earned worldwide to taxation, especially for individuals.

    At least with corporate taxes, any foreign revenue earned outside the US is not subject to US income until repatriated. The problem is that the money is literally sitting in offshore bank accounts. Many domestic companies would LOVE to bring that money back but can't without paying a repatriation tax.

    The biggest problem is the US tax law which is forever changing because of Congress since it's used by politicians to make policy, which generally F#KCS up the tax code and makes it much more complex. There's TOO many types of deductions and tax credits along with relatively high tax rates.

    If Congress would literally just lower the tax rate and eliminate MOST, if not all, deductions and tax credits for both corporate and individual taxes, it would benefit essentially everyone. The US tax code would be simplified!

    There should be a ban on Congress to keep changing the US tax code for its own political means instead of thinking about the general welfare of Americans!

    Scrw@ Congress!!!


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    "More big U.S. companies are reincorporating abroad"

    EVERYTHING after this is noise unless the "masses" get one single reality through their head. Bottom line is, corporations incorporate where they do for EXACTLY the same reason the people complaining about it shop at Walmart.
    It's CHEAPEST! It really is that simple folks.

    I know of a super-mall just outside of Rochester, NY that was built specifically just over a county line; in case anyone wanted to save .5% in sales tax. Argue all you want, it doesn't take anything more than a J.C. Penney's sweater to have a lot of people "evading" .5% sales tax. You really think the decision gets made differently when it's 5.% of net in a multi-million, or billion dollar company? Seriously?

    People from the masses up to the President need to stop trying to "get" people or groups and just simplify EVERYTHING. And a truly great nation would be able to do this at a price that was a "bargain" by global standards; like we used to.


  • Seems the favorite solution to big government is more rules, bans, codes, amendments. How does more mean less.
    Second favorite solution is new legislators backed by the biggest of business and billionares. Again how does that solve big government when the new people pass more loopholes for thier rich benefactors. Seems common sense would be to cut out corporate money from politics not the other way around.

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  • Any loss in revenue should be replaced with tariffs on both exports and imports

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