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USA is #1!

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  • USA is #1!





    Come Sunday, America finally has something to crow about in its economic war with China and Japan: It will have the highest jobs-killing corporate tax rate in the industrialized world.

    No, it’s not an April Fool’s joke. When Japan officially slashes its rate to 36.8 percent Sunday, America’s will be tops at 39.2 percent.
    "Flutie was better than Kelly, Elway, Esiason and Cunningham." - Ben Kenobi
    "I have nothing against Wilson, but he's nowhere near the same calibre of QB as Flutie. Flutie threw for 5k+ yards in the CFL." -Ben Kenobi

  • #2
    Having a low rate sure is working well for Ireland.
    One day Canada will rule the world, and then we'll all be sorry.

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    • #3
      Having a high rate is surely killing Japan and Germany.

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      • #4
        Not sure that differences in corporate tax rates adequately explain the different current financial situations of these countries... there's a multitude of factors at work.
        "Flutie was better than Kelly, Elway, Esiason and Cunningham." - Ben Kenobi
        "I have nothing against Wilson, but he's nowhere near the same calibre of QB as Flutie. Flutie threw for 5k+ yards in the CFL." -Ben Kenobi

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        • #5
          Corporate Taxes are regressive as hell and the stupid democrats love them. I would laugh my butt off if it didn't make me cry.
          "I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003

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          • #6
            Clearly, the more you tax the bigger teh economy will be!

            (I'd be interested in what that graph looks like after all the loopholes and offshore shenanigans are factored in.)

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            • #7
              Originally posted by PLATO View Post
              Corporate Taxes are regressive as hell and the stupid democrats love them. I would laugh my butt off if it didn't make me cry.
              I'm not sure what you mean by this. According to Wikipedia, the corporate tax in the US takes a larger share of taxable income from corporations that have a higher amount of taxable income.

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              • #8
                It doesn't really matter much if the corporate tax is high. It's way more important if the employer tax is that. Due to low employer taxes, american companies has relative low costs.
                With or without religion, you would have good people doing good things and evil people doing evil things. But for good people to do evil things, that takes religion.

                Steven Weinberg

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                • #9
                  Originally posted by gribbler View Post
                  Having a high rate is surely killing Japan and Germany.
                  They have been lowering their rates though in a step by step fashion for the last few decades. I'd rather see personal income taxes go up and corporate taxes go down.
                  Try http://wordforge.net/index.php for discussion and debate.

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                  • #10
                    DP
                    Last edited by Uncle Sparky; April 5, 2012, 19:36.
                    There's nothing wrong with the dream, my friend, the problem lies with the dreamer.

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                    • #11
                      Originally posted by gribbler View Post
                      Having a high rate is surely killing Japan and Germany.
                      Mexico is tied for 5th highest. I guess if Americanos would just get rid of those pesky minimum wages and let skilled workers make $100 / week, the USA could be great again, and corperations could still thrive under high tax rates!
                      There's nothing wrong with the dream, my friend, the problem lies with the dreamer.

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                      • #12
                        I am less interested in the top % and more in the % of gdp.

                        With the complicated tax system the US has, the top % isn't incredibly meaningful.

                        JM
                        Jon Miller-
                        I AM.CANADIAN
                        GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.

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                        • #13
                          Originally posted by gribbler View Post
                          I'm not sure what you mean by this. According to Wikipedia, the corporate tax in the US takes a larger share of taxable income from corporations that have a higher amount of taxable income.
                          I think he may be alluding to the fact that corporation taxes can be argued to be ultimately paid for by customers, through increased sales prices. As such a poor person and rich person buying those goods will have to pay the same amount, including the element of corporation tax added on, and so it is regressive in that respect. This argument applies even if the underlying corporation tax is proportional or progressive with respect to profits of companies.
                          One day Canada will rule the world, and then we'll all be sorry.

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                          • #14
                            Originally posted by Dinner View Post
                            They have been lowering their rates though in a step by step fashion for the last few decades. I'd rather see personal income taxes go up and corporate taxes go down.
                            I can tell you that is no pick-nick either. I pay 49% in personal taxes (not including VAT + taxes on fuel etc etc etc). I wouldn't be surprised if I paid 70 % taxes when everything would be added up.
                            "Ceterum censeo Ben esse expellendum."

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                            • #15
                              And 35 % for Belgium is a joke. There are loopholes the size of the moon in our legislation.
                              "Ceterum censeo Ben esse expellendum."

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