Quote:
Originally Posted by dmek25
i am at the point were i say tax the hell out of the companies, because the jobs are leaving regardless. and as far as staying out of YOUR state, no problem. i know who really won the war, and it wasn't the south  |
If you tax the hell out of them , they will pass the cost down to us . They will layoff more workers . Ireland had the highest corporate tax rate in Europe , 47 % , and the highest unemployment rates . They have since lowered the Corp. tax rate to 12 % , now they have some of the lowest unemployment rates . Higher taxes always hurt the middle class the most . I own a few shares in a nat gas / oil Co < El Paso > , they have a lot of dept on the books , so the shares have not done well . Not all is bad , the Co payed out over 250,000,000 dollars in dividends to share holders last quater . The corporations that are at times hated by the left , create wealth for millions , even when they are having financial problems . If taxing them would make a better middle class , I would be for it .