View Poll Results: Should we Raise or Lower the Corporate Tax Rate

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  • Raise

    5 15.63%
  • Lower

    24 75.00%
  • Unchanged

    3 9.38%
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Thread: Should we Raise or Lower the Corporate Tax Rate?

  1. #21
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    Name of the tax game, simplify. that 40% rate is completely false, there are a thousand loopholes and rebates caused by government interference. I don't know what the rate should be but make it simple. that is all

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    Re: Should we Raise or Lower the Corporate Tax Rate?

    I also agree that it should be lowered, but I don't agree that "loopholes" should be closed because many exist as a stop-gap between times when the economy needs stimulating and when it's working as intended. Sometimes, in addition to other scenarios, corporations need to lose a little red ink when they're relied upon to be a structural backbone of domestic economies. Unemployment, subsidies, and outsourcing could all be heavily damaged through universal loophole closing, because many of those loopholes exist to create positive externalities that trickle down.

    If this is what it takes for corporations to maximize efficiency, so be it.

  3. #23
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    Quote Originally Posted by Gipper View Post
    I also agree that it should be lowered, but I don't agree that "loopholes" should be closed because many exist as a stop-gap between times when the economy needs stimulating and when it's working as intended. Sometimes, in addition to other scenarios, corporations need to lose a little red ink when they're relied upon to be a structural backbone of domestic economies. Unemployment, subsidies, and outsourcing could all be heavily damaged through universal loophole closing, because many of those loopholes exist to create positive externalities that trickle down.

    If this is what it takes for corporations to maximize efficiency, so be it.
    What's with the babying of corporations? You realize they have the privilege of doing business in the United States of America. We spend more than anyone else and we don't bat an eye about it. If we want to raise taxes, oh well. If we want to close loopholes so that they have to pay taxes, oh well. They'll deal with it and they'll like it because they still get to do business in the largest consumer market in the world.
    Ted Cruz is the dumbest person alive.

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    Re: Should we Raise or Lower the Corporate Tax Rate?

    We have the 2nd highest tax rate in the world. With that attitude, they'll all take their balls and go elsewhere - then what do you propose?

    We need them more than they need us, and that's simple fact.

  5. #25
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    Quote Originally Posted by whysoserious View Post
    What's with the babying of corporations? You realize they have the privilege of doing business in the United States of America. We spend more than anyone else and we don't bat an eye about it. If we want to raise taxes, oh well. If we want to close loopholes so that they have to pay taxes, oh well. They'll deal with it and they'll like it because they still get to do business in the largest consumer market in the world.
    you really don't have much of an understanding of economic reality do you?



  6. #26
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    Quote Originally Posted by Gipper View Post
    We have the 2nd highest tax rate in the world. With that attitude, they'll all take their balls and go elsewhere - then what do you propose?

    We need them more than they need us, and that's simple fact.
    Let 'em. You think new ones won't pop up? You really believe that any company would even consider not doing business in America? Our corporate tax rate is not that high, by the way. There are plenty of loop holes and the marginal rate is (this is a few years old but I do not believe it has changed) 23.6%. 1

    I am not threatened by businesses leaving. Close the loop holes, raise rates, whatever - but they need to start paying and they need to stop shipping all of our production jobs to other countries. If they want to do business in this country, we can and we should put our foot down.
    Ted Cruz is the dumbest person alive.

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    Re: Should we Raise or Lower the Corporate Tax Rate?

    He's just not seeing the whole picture, and almost sounds Americo-centric. There is no way we could do what he proposes because it would create a vicious circle. It's like Henry Ford's old business plan. He originally designed his cars and paid his workers a wage so that his target market was his own employees. It was an incredibly faulty business model that fell flat before some major restructuring.

    His argument is also wildly fascist, which is scary in and of itself.

  8. #28
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    Quote Originally Posted by TurtleDude View Post
    you really don't have much of an understanding of economic reality do you?
    Another exciting post by TurtleDude. Not ever addressing the points but wholly attacking the commenter. Have you ever posted a fact with a link or anything?
    Ted Cruz is the dumbest person alive.

  9. #29
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    Quote Originally Posted by Gipper View Post
    He's just not seeing the whole picture, and almost sounds Americo-centric. There is no way we could do what he proposes because it would create a vicious circle. It's like Henry Ford's old business plan. He originally designed his cars and paid his workers a wage so that his target market was his own employees. It was an incredibly faulty business model that fell flat before some major restructuring.

    His argument is also wildly fascist, which is scary in and of itself.
    Yes it is facist to think that people who do business in our country should have to pay taxes.
    Ted Cruz is the dumbest person alive.

  10. #30
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    Quote Originally Posted by whysoserious
    Let 'em. You think new ones won't pop up?
    With what you propose? Nope.

    You really believe that any company would even consider not doing business in America?
    Absolutely.

    Our corporate tax rate is not that high, by the way. There are plenty of loop holes and the marginal rate is (this is a few years old but I do not believe it has changed) 23.6%.
    Sounds okay to me.

    I am not threatened by businesses leaving. Close the loop holes, raise rates, whatever - but they need to start paying and they need to stop shipping all of our production jobs to other countries. If they want to do business in this country, we can and we should put our foot down.
    How do we do that? Demolish jobs in the country while flexing hyper-protectionism muscles to the point where nobody can afford the products? You're killing people on two ends. You need to quit thinking that America is the be-all-end-all of global economics. What you propose could easily make a corporation want absolutely nothing to do with the United States. You act like people are entitled to purchase and not given a choice to. If they're out of a job and offered to buy something for 150-300% more than it should go for because you're trying to crowd out foreign corporations, you're going to find a whole bunch of your products sitting on shelves collecting dust.

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