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Thread: U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

  1. #101
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    Re: U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

    Quote Originally Posted by PeteEU View Post
    U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study



    Direct link to the report.

    http://www.gao.gov/assets/660/654957.pdf



    Wonder how the US conservatives are going to explain this one away..... I am guessing they are going to target the GOA as partisan or something similar.
    I don't get what the big deal is. Pretty much every entity in the country, both businesses and private individuals, actually pay quite a bit lower tax rate than the bracket they're in. My wife and I are in the 28% bracket I think and we usually only pay about 15%.
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  2. #102
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    Re: U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

    Quote Originally Posted by American View Post
    We need to be competitive with the global economy, so that we draw businesses back into the US. I think one of the drivers in businesses moving OCONUS is that the govt tax system makes it unattractive to stay here (obviously for those businesses that can afford to move). Levi Strauss is a good example of a company that tried to maintain some manufacturing in the US, and finally not to many years ago moved their last operation overseas. I think eventually the wage gap will close, and the US will become more attractive from that standpoint as well. But the tax structure in the US is complex and ridiculous.
    Seriously, American....you think that Americans should give up basic worker's rights, let alone work for about $30 a month so they can compete with the Chinese? Or do you think Levis Strauss should cut into their profit margin to keep manufaturing here?
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

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