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Should we Raise or Lower the Corporate Tax Rate?

Should we Raise or Lower the Corporate Tax Rate

  • Raise

    Votes: 2 9.5%
  • Lower

    Votes: 18 85.7%
  • Unchanged

    Votes: 1 4.8%

  • Total voters
    21

Badmutha

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What do you think?

This is how our current Corporate Tax Rate of 40% compares to other countries.

ISStax_101217_345png.jpg


......The Most Business Unfriendly Country in the World (D).......


Common sense would say lower the Corporate Tax Rate.......most Democrats on the other hand, say Corporate Tax Rates should be increased.......as raising taxes on Businesses and Evil Rich People is of course the alltime and current universal liberal solution to all ails.

Now the Left will contend that "Corporations dont pay taxes"....."Corporate subsidies"......"Corporate Welfare"......"Corporations need to pay their fair share"......"I believe every word Obama says"...."Shipping Jobs Overseas"......as their justification for raising taxes on corporations.

....and while there are exceptions, GE, and blue moons, if there was more than a shred of truth to the Democrat's portrayal of Corporations in this country........WHY DOES THE MASS EXODUS OF CORPORATIONS W/JOBS continue in this country? Why do so few countries SHIP THEIR JOBS TO THE US?


I say lower the Corporate Tax Rate to 10%, with a 10% flat tax on individuals, and make this country The Most Business and Consumer Friendly Country in the World. Remove the Liberal chains, and begin to welcome Businesses w/Jobs back to this country, and stop chasing MADE IN THE USA businesses out.

The Greatest Country in the World.......Businesses dont leave these shores willingly.......its at the end of a Democrat whip.
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I would like to remove corporate taxation entirely, but offset it (at least partially) by taxing capital gains at the normal income tax rate. If we got rid of corporate taxes, it would end the problem of double taxation, it would keep corporations here, it would greatly simplify our tax code, and (assuming that US citizens were the primary investors in US corporations) it wouldn't really decrease our tax revenue very much.

Generally I'm opposed to more tax cuts until we get our deficit under control. But corporate taxation is one area where I might make an exception.
 
I would like to remove corporate taxation entirely, but offset it (at least partially) by taxing capital gains at the normal income tax rate.

Not bad...I could go along with that...as long as by normal you mean 10% or less.....
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I think we should lower and possibly remove the corporate tax rate. Expenses that companies have to pay is passed down to the consumer. So removing Corporate tax would help consumers.
 
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if we move to tie capital gains tax more firmly to income tax rates, we need to follow the bowles-simpson / Ryan move where we lower top tax rates while reducing loopholes, and allow the deduction of inflation. so, if you purchase a house for 100,000 and own it for 25 years in which we see an average of 2.5% inflation a year, then the first $187,000 of whatever you sell it for should be tax free.
 
I think we should lower and possibly remove the corporate tax rate. Expenses that companies have to pay is passed down to the consumer.

while in the meantime spending oodles of money attempting to circumvent sending off a paycheck to the government. money they would otherwise be putting into either price reduction or production.
 
I like Ryans Plan. Reduce it to 25% and get rid of the loopholes.
 
I think we should lower and possibly remove the corporate tax rate. Expenses that companies have to pay is passed down to the consumer. So removing Corporate tax would help consumers.

This strikes me as somewhat naive. Corporations are based around making money, not helping their consumers (although the two are sometimes one in the same). Just look at the companies we bailed out, and their record breaking bonuses.

I'd argue that until we remove corporate tax loopholes, these figures are completely meaningless anyway.
 
while in the meantime spending oodles of money attempting to circumvent sending off a paycheck to the government. money they would otherwise be putting into either price reduction or production.

It doesn't take a genius or some expert to figure out that if companies pass the costs of their labor,raw materials and other costs onto the consumer then taxes would be no different than any other cost those companies pass onto the consumers. It amazes me how a lot of libs in office are college educated but fail to understand this fact when they utter their lets tax the **** out of corporations.
 
We should change to a use tax system, Pay for the use of our infrastructure to sell products and services to our wealthy population. And not care less if a profit was made or not by using our infrastructure.

People who get no advantage of the infrastructure pay no taxes.
 
It doesn't take a genius or some expert to figure out that if companies pass the costs of their labor,raw materials and other costs onto the consumer then taxes would be no different than any other cost those companies pass onto the consumers. It amazes me how a lot of libs in office are college educated but fail to understand this fact when they utter their lets tax the **** out of corporations.

"i don't like them" = "I want to tax them" for those guys.
 
It doesn't take a genius or some expert to figure out that if companies pass the costs of their labor,raw materials and other costs onto the consumer then taxes would be no different than any other cost those companies pass onto the consumers. It amazes me how a lot of libs in office are college educated but fail to understand this fact when they utter their lets tax the **** out of corporations.

Although I often disagree with you, you are absolutely correct here. If you want to get (some) Democrats to support a regressive sales tax, just call it a "corporate tax" and it suddenly becomes more politically palatable.

Personally I think corporate taxation is incredibly inefficient, economically destructive, and one of the most regressive and unfair forms of taxation out there. I agree with (some) of what has been said about removing the deductions in our tax code and making it revenue-neutral by lowering the overall rates. But personally I'd rather get rid of the income tax deductions, make it revenue-neutral by lowering the CORPORATE tax rate, and leave the income tax rates alone for now.
 
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It's rather like the personal income tax rate. It only effects the 53% of the population who pay. The other 47% get a free ride.
 
What do you think?

This is how our current Corporate Tax Rate of 40% compares to other countries.

ISStax_101217_345png.jpg


......The Most Business Unfriendly Country in the World (D).......


Common sense would say lower the Corporate Tax Rate.......most Democrats on the other hand, say Corporate Tax Rates should be increased.......as raising taxes on Businesses and Evil Rich People is of course the alltime and current universal liberal solution to all ails.

Now the Left will contend that "Corporations dont pay taxes"....."Corporate subsidies"......"Corporate Welfare"......"Corporations need to pay their fair share"......"I believe every word Obama says"...."Shipping Jobs Overseas"......as their justification for raising taxes on corporations.

....and while there are exceptions, GE, and blue moons, if there was more than a shred of truth to the Democrat's portrayal of Corporations in this country........WHY DOES THE MASS EXODUS OF CORPORATIONS W/JOBS continue in this country? Why do so few countries SHIP THEIR JOBS TO THE US?


I say lower the Corporate Tax Rate to 10%, with a 10% flat tax on individuals, and make this country The Most Business and Consumer Friendly Country in the World. Remove the Liberal chains, and begin to welcome Businesses w/Jobs back to this country, and stop chasing MADE IN THE USA businesses out.

The Greatest Country in the World.......Businesses dont leave these shores willingly.......its at the end of a Democrat whip.
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I like your plan. I couldn't vote, however, because I don't think we need to do either one. When I hear that G.E. paid no taxes last year!! What???!!!!!! I understand that our tax codes are filled with loopholes that negate that 40% rate. In fact, I'd venture to say there is no corporation with gross receipts of over $1 million that pays it -- no matter how much they earn.

So. I like your plan. Or...make sure that every single corporation pays a minimum tax. G.E. paid no taxes. Got to be kidding me. Yikes.
 
This strikes me as somewhat naive. Corporations are based around making money, not helping their consumers (although the two are sometimes one in the same).

While this is true it still does not change the fact that companies pass their costs onto the consumer. Taxes just like raw materials, the cost of labor and other things a company has to pay for is another expense that company passes onto the consumer.
 
Other than Kandahar, liberals appear to be staying away from this thread in droves. I wonder why?

It'd be nice if this poll was public. For the record I voted lower. Corporate taxes essentially amount to double taxation in my opinion; increased costs would just be pushed onto consumers or would negatively affect employees.
 
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reimaging corporate taxes as de facto regressives sales taxes.... huh, there's a political strategy there.
 
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
 
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.
 
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.
 
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.
 
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?
 
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