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Thread: U.S. Companies Now Stashing $2 Trillion Overseas

  1. #21
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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by TheDemSocialist View Post
    The point being the effective tax rate is incredibly lower than the actual legal tax rate.


    But still much higher than you infered. (It's higher than canada!)


    all companies should pay the same rate. cronie corporate capitalism gives bailouts, and breaks to the big guys at the expense of companies like mine. That's where your real problem is, not that I am handing the government 35% of my profits.
    Let evil swiftly befall those who have wrongly condemned us

  2. #22
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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by ReverendHellh0und View Post
    But still much higher than you infered. (It's higher than canada!)
    The actual rate corporations pay is much lower than what our laws state of 35-40%.

    all companies should pay the same rate.
    I agree, and I agree it should be around 40%, and I agree there should be very little to no loopoholes.

    That's where your real problem is, not that I am handing the government 35% of my profits.
    Whatever you say big guy


  3. #23
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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by TheDemSocialist View Post
    The actual rate corporations pay is much lower than what our laws state of 35-40%.
    you've only shown this for about 1000 companies.

    I agree, and I agree it should be around 40%, and I agree there should be very little to no loopoholes.

    I thin it should be 0% and all individuals should be taxed at 17%



    Whatever you say big guy

    indeed, better dead than red.
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  4. #24
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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by TheDemSocialist View Post
    You might wanna check the EFFECTIVE corporate tax rate...
    why....

    why do i care if the effective rate is 15, 20, or 30 percent

    the money was earned overseas....and in MOST cases taxes were paid to another country already on it

    if the company were to bring it back here, uncle sammie has his hand out asking for approximately 1/3......

    no thanks.....keep it overseas......invest it over there, and get me a return on it

    now if it was free to repatriate, a lot of companies would bring some of it back.....use it for stock buybacks, dividends, and such here
    “Most of the shadows of this life are caused by standing in one's own sunshine.”

    Ralph Waldo Emerson

  5. #25
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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: U.S. Companies Now Stashing $2 Trillion Overseas

    If only the $2 trillion would trickle down! But hey even if our tax laws are reduced (even tho we have a pretty damn low effective corporate tax rate), would be reduced it would do little to the economy. [/FONT][/COLOR]
    Spare us the BS on trickle down theory, only a handful of far right leaning economists still buy into that nonsense.

    But to the real point of the article. I do not know where you get your numbers on corporate tax rate and effective corporate tax rate but according to the World Bank and International Finance Commission the US has the 2nd highest corporate tax rate and is in all categories above average in effective corporate tax rate. There may be some play in the math on how the US handles write-offs for depreciation schedules but that is not near enough to allow the ratings to fall that far. Overall, there is some real truth to the notion that our corporate tax rate is too high. Perhaps to the point that if lowered there would not be such need for so many different avenues to lower their effective tax rate.

    I would offer your political contempt for corporate America has clouded your judgement on the real reason over $2 Trillion is parked offshore, and you can largely blame our horrible ineffective and bloated tax code for why all those dollars are somewhere else.

  6. #26
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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by ReverendHellh0und View Post
    well when you manipulate the data and exclude the vast majority of corporations.......


    "Large, profitable U.S. corporations paid an average effective federal tax rate of 12.6% in 2010, "


    note the word "large".


    You can see that by just selecting "large", you get only a very small sample of corporate effective tax rates:

    Statistics about Business Size (including Small Business) from the U.S. Census Bureau
    Yea but those are the freaking companies that are hoarding the 2 trillion abroad.

    I fully understand that US companies who do most of their business in the US and dont cheat on their taxes.. sorry use accounting tools to move profits abroad.. that these companies would love to have the corporate tax reduced.

    Reducing the tax rate will help these companies sure, but it wont do anything what so ever for the large companies who already are paying next to nothing in taxes. Do you really think that companies like Apple will pay more in taxes just because the tax rate has fallen? They still abuse.. err exploit the international tax code to their favor and keep the money abroad. They are loading up on debt in the US at the moment, to pay dividend and other things, and this debt is of course.. tax deductible in some way which will lower the tax burden in the US even more... and it is not like they need to borrow.. it is just an accounting measure after all.... that these large companies bribed US congressmen to put into the tax law in the first place.

    Ireland is being forced to stop its "Apple tax" policies, and hopefully Luxembourg is next on the hit list. This tax avoidance bull**** by the wealthiest 1% of people and companies has to stop.
    PeteEU

  7. #27
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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by ReverendHellh0und View Post
    It would make my forbes link the more accurate of the claims.
    By what metric of accuracy?

    With the inclusion of unprofiable filers, U.S. corporations had an effective tax rate of 22.7%. If you remove unprofitable filers from the calculation, effective corporate tax rates (including state and local taxes) come out to 17%.

    Source
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  8. #28
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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by OrphanSlug View Post
    Spare us the BS on trickle down theory, only a handful of far right leaning economists still buy into that nonsense. ...
    I seriously doubt that any true economist buys into trickle down. Maybe some far right political talking heads, but last time I checked, none of those guys have PhDs in economics or have ever been employed as an economist.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  9. #29
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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by imagep View Post
    Most companies pay nothing in corporate income taxes, so I don't really know that adding in all corporations would really effect that percentage much, if anything, it would be lower.

    Only C-corps pay corporate income tax, but they get other advantages in exchange. It's a trade off, and one that they voluntarily made.

    All Corporations pay nothing in taxes.

    It just gets passed on to the Consumer.

    Of-course I was well aware of this before Gruber called everyone bunch of idiots.

    You want to repatriate that money AND have it have a positive worthwhile economic effect ?

    Start by Killing Obama Care and reduce tax rates for Corporations down to zero.

    Cut Capital Gains taxes. Do things that actually work.

  10. #30
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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by imagep View Post
    I seriously doubt that any true economist buys into trickle down. Maybe some far right political talking heads, but last time I checked, none of those guys have PhDs in economics or have ever been employed as an economist.

    Lol !!

    No, those " true " economist are still applauding the extraordinary success of Japans Keynesian solutions !

    You HAVE to learn the distinction between a Liberal hack posing as a economist and a REAL economist.

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