Topic:
In One Month U.S. Corporate Tax Rate Will Be Highest In Developed World
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combat_mage_sc Title: Hi. My name is Combat and i'm an alcoholic.
Posts: 1,061 Registered: 2001-7-20 21:19:21
Date Posted:1/1/00 12:00amSubject:
In One Month U.S. Corporate Tax Rate Will Be Highest In Developed World
One month from today, when Japan lowers its corporate tax rate to 35 percent from 39.5 percent, that sucking sound you hear will be the contents of American nest eggs being pulled overseas, says John Kartch, a spokesman for Americans for Tax Reform.
For on that day, the United States will own the "dubious distinction of possessing the highest corporate tax rate" in the developed world. And even President Obama's February proposal to lower the U.S. corporate tax rate to roughly 32 percent from the current 39.2 percent won't help much, says Americans for Tax Reform, which opposes all tax increases.
All of the country's six major trading partners--Canada, the United Kingdom, Mexico, Japan, France, and Germany--have lower rates, a huge obstacle for the U.S. as it struggles to keep companies from establishing businesses abroad.
Date Posted:1/1/00 12:00amSubject:
In One Month U.S. Corporate Tax Rate Will Be Highest In Developed World
I suggest you dont get your news from blogs.
1) U.S. rate is currently 35%
2) Obama wanted to lower it to 28%
3) completely ignores U.S. loopholes in which companies on average pay less than 20%... with some companies paying negative tax (AKA a welfare check from the people)
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Date Posted:1/1/00 12:00amSubject:
In One Month U.S. Corporate Tax Rate Will Be Highest In Developed World
easier to be obama's buddy and pay no taxes.
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Date Posted:1/1/00 12:00amSubject:
In One Month U.S. Corporate Tax Rate Will Be Highest In Developed World
Bat_Avenger posted: easier to be obama's buddy and pay no taxes.
hello, GE.
Rho
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Date Posted:1/1/00 12:00amSubject:
In One Month U.S. Corporate Tax Rate Will Be Highest In Developed World
jeune posted: I suggest you dont get your news from blogs.
1) U.S. rate is currently 35%
2) Obama wanted to lower it to 28%
3) completely ignores U.S. loopholes in which companies on average pay less than 20%... with some companies paying negative tax (AKA a welfare check from the people)
Actually the corporate rate is screwy. It bounces up, down, up, then down.
$ 0 to $ 50,000, 15%
50,000 to 75,000, 25%
75,000 to 100,000, 34%
100,000 to 335,000 , 39%
335,000 to 10,000,000, 34%
10,000,000 to 15,000,000, 35%
15,000,000 to 18,333,333, 38%
18,333,333+ .......... 35%
Date Posted:1/1/00 12:00amSubject:
In One Month U.S. Corporate Tax Rate Will Be Highest In Developed World
JD_HOGG posted:
jeune posted: I suggest you dont get your news from blogs.
1) U.S. rate is currently 35%
2) Obama wanted to lower it to 28%
3) completely ignores U.S. loopholes in which companies on average pay less than 20%... with some companies paying negative tax (AKA a welfare check from the people)
Actually the corporate rate is screwy. It bounces up, down, up, then down.
$ 0 to $ 50,000, 15%
50,000 to 75,000, 25%
75,000 to 100,000, 34%
100,000 to 335,000 , 39%
335,000 to 10,000,000, 34%
10,000,000 to 15,000,000, 35%
15,000,000 to 18,333,333, 38%
18,333,333+ .......... 35%
Usually when people are talking about tax rates they refer to the top tax bracket... also the fact it is talked about in the context of global competition I am assuming the only companies who cared would be multi-nationals already in the top bracket.
That tax bracket is really screwed... looks like the people making more than 335,000 have successfully lobbied congress.
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"Whenever the white man treats the Indian as they treat each other then we shall have no more wars. We shall be all alike — brothers of one father and mother, with one sky above us and one country around us and one government for all."
