29 - "Right now if I own a widget factory in the U.S. and sell widgets to Germany, I have to pay taxes to the German goverment and the U.S. government for whatever profit I make by selling widgets to Germany. "
German Taxes are deductible from US taxes, so, even at the official tax rates I posted above, that is only .3% (3/10ths of a percent), certainly not bankrupting, and as I lived and worked in Germany, I know GM, Ford, and IBM do business there, and if you look at their actual tax rates (I posted above), they also pay no US taxes on their German operations.
Then look these differentials for France 4.7%, Greece 4.9%, Netherlands 5.7%, Australia 6.7%, Austria 6.7%, Denmark 9.7%, Britain: 9.9%, Sweden: 11.2%, Switzerland 13.7%, Ireland 19.7%. Customers in those countries don't have to pay that premium to the U.S. government, so U.S. companies lose revenue, and can't employ as many workers. Not because our workers aren't good enough, but because the Congress is so greedy they want a cut of business that happens anywhere in the world.
I know GM, Ford, and IBM do business there, and if you look at their actual tax rates (I posted above), they also pay no US taxes on their German operations.
As if all the thousands of U.S. corporations have the millions of dollars to shower on politicians like GM, Ford, and IBM.