Posted on 08/28/2014 1:09:54 PM PDT by xuberalles
Considering Canada’s corporate tax rate is 26%, compared to America’s 40%, why wouldn’t Burger King relocate for more sensible and profitable pastures? After all, that’s why people open businesses...to make freaking money...not to be a willing victim of wealth redistribution! Throw in the endless stupidity and cost of Obamacare regulations, which forces fast food chains to pay for the health insurance of minimum wage workers, and you have a surefire recipe for economic food poisoning. What’s next; forcing business to pay for employees’ sex partners, birth control and abortions? According to Lena Dunham - the author of the “devirginized” Obama voting experience - people are incapable of understanding the personal consequences of choice: AKA, being responsible for their sex life, education or finding a better job to pay for the "morning after" costs of said life. Has America learned nothing from socialist France who just ditched their leftist chief economist for a “Right Wing” banker? If entrepreneurs are taking the initiative and financial risk to create more jobs, shouldn’t government, at the very least, craft a fertile environment that rewards hard work, success, and thus encourages more economic development rather than suffocate it? Sadly, that truth has become a rhetorical question.
There’s a reason why a staggering 12 million have left the workforce since 2008 and welfare recipients have nearly doubled. Liberals are destroying the economy by burdening the pocketbook of earnest labor with endless social programs that do nothing to hold people accountable for their own livelihood and survival. Ferguson, like Detroit, is a sterling example of that socio-economic fiasco; loyalty to nothing, entitled to everything. Fostering more dependence without a means to meet those ends is the equivalent of inviting more illegal immigrants onto your raft until it sinks and everyone drowns. Considering Barack Obama has raised the debt by a mind-numbing 7 trillion in 6 years, the government should be answering for their reckless leadership rather than the leftist media attacking Burger King for refusing to be another cautionary tale of socialism. Sorry, Harry Reid, no one is going to take your Nazi oath of economic allegiance, regardless of who is president, but especially to a narcissistic propagandist who can’t even balance his own "racist" checkbook. The only oath required is to that of economic freedom and limited government; the two most non-negotiable ideals America was founded upon. The time has come to renew that pledge without prejudice.
Actually what it means that, while BK will have to 35% on revenues in the US, it will not have to pay taxes to the Federal government on earnings overseas, that were already taxed!
It is a good move.
Want to bring them back? Enact the Fair Tax and watch business flock back the US.
Even semi-socialist Sweden’s corporate tax rates are aprox. half of USA. Russia has a flat income tax. China has no tax on capital gains. We are the new socialist country.
Yep, enact a flat corporate tax, BUT do away with any and all loopholes. A 20% corporate income tax, with no loopholes or corporate tax breaks would probably result in a net increase in tax revenue.
Excellent! Bump.
I advocate a zero corporate tax rate. You read that right, zero. You make money as a corporation, good for you. Tax it only when you pay it out to individuals as dividends. Look, a corporation makes money, pays corporate income tax. Then it distributes that income to shareholders, and, guess what - taxed again. We should be encouraging business in this country, not penalizing it. Corporate tax rate to zero and get out of the way as the economy skyrockets.
Ya, make the people in government responsible for this socialist experiment and all those who voted them into office PAY for it! They own that baby.
Next we will hear it is unpatriotic of Rush to flee New York’s taxes...
IIRC, Rush gets audited in New York every year anyway. NY sucks!!
I agree. Corporations don’t really pay the tax. It’s built into their price structure like any expense related to generating revenue.
Corporate tax is a loser. It punishes the efficient and productive corporations and rewards the in-efficient via tax loss carryovers. And it increases need for tax loop holes. By weakening domestic corporations, we weaken them against foreign corporations.
If corporate tax is zero, there is no need for loop holes.
Also, corporations never pay any taxes. They pass it on to the customers, share holders and employees. Corporations are never final owners. There are always individuals who own or control every cent of corporations (share holders, CEO types).
You are correct. Please read post #11.
Have it your way, eh.
An utterly sensible move. The best way to stop it will never be considered: lower the corporate tax rate.
Smart move.
Pay attention, socialists: you’re running out of other people’s money.
[ Next we will hear it is unpatriotic of Rush to flee New York’s taxes... ]
They did in fact bitch about that....
http://www.huffingtonpost.com/2009/03/30/rush-limbaugh-to-new-york_n_181005.html
I do, too. Corporations don’t pay taxes, they just collect them.
And the American tax system is putting them a heck of a disadvantage at home and abroad.
Excellent vanity, one of the best I’ve ever read.
Thank you!
Too kind. Thanks so much!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.