tag:blogger.com,1999:blog-9198792767248747350.post4896837244311164084..comments2023-10-22T02:54:25.421-05:00Comments on Mo Rage: Two Huge Things the Nation NeedsMo Ragehttp://www.blogger.com/profile/00686338985654976341noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-9198792767248747350.post-62811476222062538882015-04-19T18:40:07.885-05:002015-04-19T18:40:07.885-05:00So with deductions and loopholes, what is the appr...So with deductions and loopholes, what is the approximate effective US corporate tax rate? What should the effective rate be?Sevesteenhttps://www.blogger.com/profile/10167315201563562644noreply@blogger.comtag:blogger.com,1999:blog-9198792767248747350.post-40435072007213876872015-04-17T00:42:51.221-05:002015-04-17T00:42:51.221-05:00Our effective tax rates, after all deductions and ...<br />Our effective tax rates, after all deductions and credits are taken are at least on par with world rates and, as in the case of, for one great example, GE, General Electric, they pay zero taxes and we actually end up paying them back and they're not the only ones with such a rate.<br /><br />Additionally, we have what are considered to be the best markets in the world. Even for our infrastructure, let alone for--what is that thing?--patriotism? Or how about even loyalty? Or how about yoou recognize the whole thing has to work and you want to make sure we have good to great infrastructure and schools so the whole thing works, why shouldn't they pay a fair tax rate?<br />Mo Ragehttp://moravings.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-9198792767248747350.post-8764548922113150702015-04-16T19:49:47.643-05:002015-04-16T19:49:47.643-05:00Compare the US tax rates to the rest of the world-...Compare the US tax rates to the rest of the world--EU average, World average, just about any country you'd want to be compared to...we've got the highest rates, and way, way above average. Add that to our unique taxation of foreign income...then you wonder why companies don't want to headquarter here, why they avoid US taxes? <br /><br />Do you even know what our rates are compared to everywhere else?<br /><br />Drop rates to somewhere near the world average, drop most or all loopholes, drop special tax credits and such so the politically connected pay the same as everyone else. Businesses will come back to the US. Chances are that a smaller cut will result in a bigger pie, and overall revenue will go up. <br /><br />America is a great country. It isn't twice as good as everywhere else, it isn't worth paying twice the corporate taxes.Sevesteenhttps://www.blogger.com/profile/10167315201563562644noreply@blogger.com