Tax bill

[Schneed10]

Originally Posted by Giantone

Sorry, I am to old to get embarrassed ,deal with it.

Trump says the U.S. is the highest taxed country in the world. No, it's not. - Oct. 12, 2017

Is US highest taxed country, as Trump claims? - Business Insider

I’ll assume you’re too limited to understand what I’m about to say, so I’ll say it instead for others who may be interested.

When Trump says the nation has the highest corporate taxes, he is speaking about the rate. Our rate was 35% until yesterday - the highest in the world as these links clearly state.

Then the article goes on to say but, but, the US firms don’t pay 35% in taxes, they pay less because of loopholes. Yeah, that’s the whole point dummy. They take advantage of the loopholes and park their money overseas so they can AVOID paying the 35%.

If you drop the 35 down to 21, guess what, they don’t have to go through all that effort to avoid it. They’ll simplify their lives and pay 21% in the US instead.

Not all firms will, see my Apple example above, but plenty will, especially those in China.