To: prismsinc
I have a formula for corporate tax rates.
I think it should be 5+unemployment. Right
now, the corporate tax rate would be 12.2%.
11 posted on
01/10/2009 9:08:02 AM PST by
Cyber Ninja
(His legacy is a stain OnTheDress)
To: OnTheDress
Right now, the corporate tax rate would be 12.2%.
While I agree with you, the general principle is this -- Jobs are fleeing this country because it is EXPENSIVE to do big business here. Why ? Our corporate taxes are the HIGHEST in the world at 35% ( add local and state taxes and reachest 40% ). You can't compete with countries like Hongkong, Singapore, Taiwan, much less China or India or even parts of Europe whose corporate taxes are 10% less than ours.
If you want to corporations to stay and hire, make it less expensive to do business here. Unfortunately, Obama is ideologically incapable of thinking along these lines.
To: OnTheDress
This really doesn’t make sense. If you are going to manipulate tax rates for economic stimulus corporate tax rates should move in inverse proportion to unemployment rates.
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