Posted on 02/14/2017 6:10:43 PM PST by 2ndDivisionVet
Time to remove the tax write off for businesses’ foreign payrolls and for service payments to foreign countries. Then add FICA taxes (both worker and employer) to those payments.
The combination would make workers in foreign locales 50% more expensive than they are now. The Ponzi scheme funded by FICA taxes takes a hit every time a company outsources labor. As long as that Ponzi scheme exists, the least employers can do is pay the FICA.
You get what you pay for.
Comment? How about kill the H-1B visa program ASAP. It is the most destructive visa program there is. We graduate 300,000 STEM majors every year. This whole scam is designed to keep American underemployed or unemployed. What other country treats its citizens so badly?
Remember, Microsoft once had a special $57 BILLION dividend payout. This is an admission of failure as businessmen. (WHAT?) Well, you invest in a business because you believe they can make your money grow faster than putting it in the bank or under the mattress.
By returning money to shareholders, they admitted they were clueless about reinvesting the money themselves.
But more importantly, if they had just taken that $57 BILLION, and invested it in various state bonds, they would have generated 1 or 2 billion a year in free cash flow -- exempt from Federal taxes.
And all that, without jeopardizing the principal, or affecting cash flow from continuing operations, which generated that hoard.
From the interest, they could easily have hired all American programmers at the market rate and never missed the money.
Unspeakable, subhuman GREED at a level which would have made the robber barons blush.
I have worked in IT for 30 years. No raises in the last 10. Many friends out of jobs that have 20 years experience. However, meanwhile people from China, India, etc are filling the jobs. Paid about 30% of the going rate.
Oh yeah! I agree with you totally.
I could go on I suppose but you are correct. So I’ll leave it at that.
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