Is it time to lower the Corporate Tax Rate?

I don't have a problem with that statement. I think I would be ok with them getting rid of the loopholes everyone keeps complaining about. But they would need to drop the tax rate enough to make it attractive for business to be "US Corporations" without the loopholes. Depending on what that number is, drop it a point or 2 lower for good measure. That would do 2 things... It would reduce the outcry over said loopholes, since they wouldn't exist, and the lowered, not "highest in the world", tax rate would attract corporations to do business from the US and increase revenue. There, you've lowered taxes, increased revenue, created jobs, and shut a whole lot complaining people up.. :thumb:

 

I think they would be able to drop the rate if they closed the loopholes.

 

What if the deal was if a corporation kept the majority of it's workforce in America, instead of producing it's goods overseas, it would pay no corporate taxes. Would that entice corps to produce it's goods here instead of china?

 

Why would we want to give incentives to corporations to be less cost efficient and hurt free trade.

 

i have a pretty radical idea i have been thinking about, that i dont really think it is at all relevant who pays the most taxes, because it effects the economy the same for the most part. like if the rich pay more, the poor are screwed because they get less jobs and lower salaries. but if the poor pay more they are screwed because they are paying more. so really it doesnt matter who pays.

and if corporate taxes are hihg, then corporations make less money and hire less people, so the effect is the same, people suffer.

i kinda think taxes are just in general a drag on the economy and it isnt particularly relevant who pays them.

also again, i think we need to forget about this idea that the wealth gap is bad. what is actually bad is restraining the economy more than we absolutely have to.

a flat tax would be fine except i think poor people are bad at lief so they could afford it at the rate it would need to be, and i am not completely opposed to the idea that the rich should pay a little more. but still, so much less than we are paying now, because the government is so much larger than it needs to be.

 

Yeah, well I'm not as far right on some things as I am on others. But I agree, there are in many instances, ways to make both sides less unhappy with things and still manage to make improvements at the time. I guess the key here would be, what would be a reasonable offset for the tax rate if the subsidies and loopholes are tightened up?

While in theory it would be nice to be able to make huge drastic changes from one extreme to the other, I am still somewhat of a realist. It has to be done in chunks in multiple areas.

 

What I meant was that if a corporation was able to keep the jobs here because they saved money on taxes that would be great. If they were able to make the same profit here with American workers instead of shipping the jobs overseas because the diffrence in workforce expenses would be offset by no taxes. The government wouldn't get taxes from the corporations but will get payroll taxes from the workers. The state of Louisiana does it all the time to get plants to locate here.

 

2% flat tax for citizens, 10% for corporations.

 

i dunno what the effective current rate is for corporations. i think we would probably be better off with the higher rate being on individuals because corporations might leave.

but again, i dont think it matter all that much who we tax because it hurts everyone. the rich are better equipped to weather a crappy economy, so i think really any tax on anybody effectively hurts the poor only.