The corporate tax raises $250 billion per year, or 1.5% of GDP, which is one of the lowest tax revenues in the world. And, the U.S. has the highest corporate tax rate in the world. If that’s not enough, compliance costs are huge and the corporate tax is a job killer.
U.S. corporate taxes also apply to world profits, not just profits earned in the U.S., which makes an inversion cost-effective for an American company operating abroad. Anyone who is watching these inversions happen and still believes that tax rates don’t matter is living in a parallel universe.
Tell me, who wants to work when 100% of his income is taken away and he's an outright slave? That's right, no one. Now tell me, who wants to have 50% of his income taken away? That's right. NO ONE. We pay taxes because otherwise we go to jail. (Want to help The Poor®? -You could do that voluntarily too!)
Now if you can choose between having ~40% of your profits taken away, and wasting lots of money on "compliance" and having say, ~15% of your profits taken away and not having to deal with bullshit regulations.. which option would any sane person choose?
And to support your argument you link to a propaganda site. Thank you for your contribution, but I have no interest in arguing your religious beliefs.
Another load of bullshit. It's not a propaganda site just because you declare it one. Surely you must understand that much, at least?
Look, you can actually check if the US has super high corporate taxes or not. I haven't checked, but I'm willing to take the article's word for it. I have read that they actually do tax worldwide profits too, which is just fucking insane, and onerous. The US has shitloads of regulations too.
Considering that kind of stuff was what the article brought up as the reasons for why companies are leaving the US, it's obvious that it's not a propaganda article, but one that describes reality instead. In other words, you, Sir, are either full of shit or a complete idiot.
Myths? What a load of bullshit.
http://dailysignal.com/2014/08/10/seeking-lower-taxes-companies-flee-the-u-s/
Tell me, who wants to work when 100% of his income is taken away and he's an outright slave? That's right, no one. Now tell me, who wants to have 50% of his income taken away? That's right. NO ONE. We pay taxes because otherwise we go to jail. (Want to help The Poor®? -You could do that voluntarily too!)
Now if you can choose between having ~40% of your profits taken away, and wasting lots of money on "compliance" and having say, ~15% of your profits taken away and not having to deal with bullshit regulations.. which option would any sane person choose?
And to support your argument you link to a propaganda site. Thank you for your contribution, but I have no interest in arguing your religious beliefs.
Another load of bullshit. It's not a propaganda site just because you declare it one. Surely you must understand that much, at least?
Look, you can actually check if the US has super high corporate taxes or not. I haven't checked, but I'm willing to take the article's word for it. I have read that they actually do tax worldwide profits too, which is just fucking insane, and onerous. The US has shitloads of regulations too.
Considering that kind of stuff was what the article brought up as the reasons for why companies are leaving the US, it's obvious that it's not a propaganda article, but one that describes reality instead. In other words, you, Sir, are either full of shit or a complete idiot.