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I don't know on what you base your opinion regarding the high corporate tax rates being unimportant. The State of New York is offering tax breaks to companies to either relocate or to stay.
I have had clients relocate their businesses to alternative states to take advantage of lower taxes. Illinois is hemoraging jobs as their companies flee the punitive tax structure to gain a better deal elsewhere.
What is the world is the foundation for your illogical statement?
The flow of companies, manufacturing and jobs from the US to other countries is well documented.
https://www.thenewamerican.com/econ...mpanies-leaving-illinois-turning-into-a-flood
“I don't know on what you base your opinion regarding the high corporate tax rates being unimportant.”
You misstate me. I did not say high corporate tax rates, by themselves, are “unimportant”. I said that considering other factors in what results in after-tax profits, “high” corporate tax rates are offset with the ultimate outcome being in the benefit of corps.
“The State of New York is offering tax breaks to companies to either relocate or to stay.”
So, what? Companies stay or relocate for a majority of reason beyond tax breaks. Show me the proof that tax breaks, as you imply, bring in large corps or keep them from moving out at a benefit to the given city.
“I have had clients relocate their businesses to alternative states to take advantage of lower taxes. Illinois is hemoraging jobs as their companies flee the punitive tax structure to gain a better deal elsewhere.”
No doubt. You pick out one state of 50 as though it was the mode. Wrong.
“What is the world is the foundation for your illogical statement?
The flow of companies, manufacturing and jobs from the US to other countries is well documented.”
What is also well documented is the fact that the US unemployment ratio has improved 1970 to 2013 from 57.4 to 67.4. That covers the period of time of “The flow of companies, manufacturing and jobs from the US to other countries.” Those nations, about a dozen or so, with better ratios as of 2013, have not but for one or two improved so much.