Quote:
Originally Posted by mlmpetert
How about just a low flat tax on corporate profits that makes America, from a tax standpoint, the most competitive in the world? It doesnt matter if youre GE or a S Corp like Firstdown, everyeone pays a extremly low flat % on profits. Would you be cool with that?
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Seems legit. Not sure if these people wouldn't still in turn ship jobs overseas. Something HAS to be done in regards to these corporations shipping US jobs overseas.
Your example of your Nike Air Forces becoming $500. Well, realistically people would stop buying them and move to another product. The loss of revenue would make the corp either go bankrupt or decide to move their factories back to the US.
I wasn't really familiar with how Corps were evading taxes, but it does seem many get tax breaks from many of the things I've listed.
Break-Free Corporate Tax Code Misses Republican Rate Goal - Businessweek
We've been lowering taxes for Corporations and rich people since the Regan era and it's done nothing. What would lowering corporate taxes do now?
Good info here on 10 big corporate tax breaks:
10 Big Corporate Tax Breaks, and Who Benefits