Kirkland perhaps you would care to explain...

[El Kabong]

killer, listen when the buble burst didn't that TRICKLE DOWN? You feel it don't you? Or maybe someone you know feels it If you make it affordable for businesses to hire people then you make it easier for them to open up shop here in the States. We are used to having businesses be run FROM America and we don't like our jobs being exported, but we have some of the highest corporate taxes in the world so it only makes sense that our jobs leave us.

Yep, that makes two Treasury toppers in a row who are running jokes. Things don't look very good going forward, do they?

Thanks to this bill ......nope it doesn't make things look great.

And thanks to the people who think Obama is a fucking PANACEA yeah things look like crap....

http://www.youtube.com/watch?v=-88Il-4nby0

http://www.youtube.com/watch?v=PjiKPWzN878

.....thank you Kirkland....YOUR people have just sucked the life out of our econonomy.

Capitalism has become a four letter word recently and that is just absolutely fucking ridiculous!!!!!

[killersheep]

killer, listen when the buble burst didn't that TRICKLE DOWN? You feel it don't you? Or maybe someone you know feels it If you make it affordable for businesses to hire people then you make it easier for them to open up shop here in the States. We are used to having businesses be run FROM America and we don't like our jobs being exported, but we have some of the highest corporate taxes in the world so it only makes sense that our jobs leave us.

We also have some of the best CPA's in the world that divert and offset that corporate tax. I work in manufacturing American owned and operated, the owner of my company pays about the same in corporate taxes as I do in payroll taxes. You make is sound as if taxes are a knob you turn to create more jobs this is in fact not the case, it is just something you made up, based on a theory with no historical evidence.
You have the same basis for your argument working as communism does.
You have failed to take into account the fundamental greed of people.

There is a time to reduce corporate taxes, that time is when we have a surplus, but you do it gradually.

[El Kabong]

There is a time to reduce corporate taxes, that time is when we have a surplus, but you do it gradually.

And why would you do it then?

[killersheep]

There is a time to reduce corporate taxes, that time is when we have a surplus, but you do it gradually.

And why would you do it then?

Because a surplus is a sign the spending is under control AND the economy is in a more healthy state. The goal in my view is
to have a national balance of as close to zero as possible.

[Kirkland Laing]

killer, listen when the buble burst didn't that TRICKLE DOWN? You feel it don't you? Or maybe someone you know feels it If you make it affordable for businesses to hire people then you make it easier for them to open up shop here in the States. We are used to having businesses be run FROM America and we don't like our jobs being exported, but we have some of the highest corporate taxes in the world so it only makes sense that our jobs leave us.

Yep, that makes two Treasury toppers in a row who are running jokes. Things don't look very good going forward, do they?

Thanks to this bill ......nope it doesn't make things look great.

And thanks to the people who think Obama is a fucking PANACEA yeah things look like crap....

http://www.youtube.com/watch?v=-88Il-4nby0
http://www.youtube.com/watch?v=PjiKPWzN878
.....thank you Kirkland....YOUR people have just sucked the life out of our econonomy.

Capitalism has become a four letter word recently and that is just absolutely fucking ridiculous!!!!!

This bill is an attempt to repair some of the damage caused by george bush and his fellow dumbasses who've created the biggest financial crisis for over a century. You'll be paying taxes for the rest of your life because of what the Bushies did yet you're blaming the guys trying to put the fire out. Facts and evidence just don't matter to you, do they?

And your corporate tax claims are beyond silly. I'll explain when I have more time but I'm wasting my time trying to use facts to explain it to you.

[El Kabong]

Newsflash Kirkland, we're still paying taxes for what FDR did

[Kirkland Laing]

Newsflash Kirkland, we're still paying taxes for what FDR did

No you aren't. And America already has the lowest corporate taxes of any industrialised nation. And corporate taxes play no part in the decision of firms creating jobs in America.

Corporate taxes are one of a bunch of taxes that the GOP and their media push as an answer to every economic problem. Taxes including corporation taxes were slashed in 2000 by Bush and economic growth collapsed to zero. It only got going when Bush cut interest rates to help create the huge bubble that just burst recently, triggering the current crisis. It's amazing that guys like Limbaugh can convince so many low/middle-earning Americans to support policies that are at odds with their economic interests and that benefit a tiny handful of people only.

[El Kabong]

So we are NOT paying for Social Security

Oh and we have low corporate taxes?
The Tax Foundation - U.S. States Lead the World in High Corporate Taxes

The Tax Foundation begs to differ.

[Trainer Monkey]

So we are NOT paying for Social Security

Oh and we have low corporate taxes?
The Tax Foundation - U.S. States Lead the World in High Corporate Taxes

The Tax Foundation begs to differ.

Caution: The Tax Foundation’s State and Local Tax Rankings Are Unreliable, rev 8/13/08

[Kirkland Laing]

So we are NOT paying for Social Security

Oh and we have low corporate taxes?
The Tax Foundation - U.S. States Lead the World in High Corporate Taxes

The Tax Foundation begs to differ.

Funding

The Tax Foundation is funded partially by private donations from members, but is primarily funded by corporate donations, with limited foundation funding from the Koch Foundation, Earhart Foundation, etc.



Tax Foundation - SourceWatch




It's unsurprising that a bunch of corporations should want lower corporation tax. However America already has the lowest real rates of corporation tax in the world. Half of all corporations pay no tax, some even get rebates. They can also defer taxes for up to 30 years. I'm sure you're aware that money invested for thirty years plus inflation means that when they do pay the tax it's less than 3% of how much they should have paid 30 years ago.


Here's a quick breakdown of US corporation tax for you :



Today, the Government Accountability Office (GAO) released a study on taxes paid by corporations. In what Sen. Byron L. Dorgan (D-ND) mildly called "a shocking indictment of the current tax system," the GAO found that about two-thirds of corporations operating in the US did not pay taxes annually from 1998 to 2005.
Now most corporations in America are start-ups or small, mom and pop operations that have adopted a corporate form to lower their tax rates. And a greater percentage of large corporations do pay some taxes. But in 2005, with corporate profits reaching new heights as a percentage of national income, the GAO found that over one-fourth -- 28% of large corporations paid no taxes. (It defined large corporations as those with assets of at least $250 million dollars or gross receipts of at least $50 million dollars.) They can tell you how to make $50 million dollars and not pay taxes.
Not surprisingly, the income collected from corporations has been declining as a percentage of GDP, with the burden transferred to your income and payroll taxes. According to a study by the Treasury Department, from 2000-2006, an average of 2.2% of GDP was collected in corporate taxes. This compares to an average of 3.4% in other industrial countries. The nonpartisan Congressional Budget Office projects that, under current law, corporate revenues will decline to 1.9% of GDP by 2017, the lowest rate in the industrialised world.




Meanwhile US corporations are the only people seeing any growth inearnings when the economy is growing. Workers certainly aren't :







So again you've got people pushing your buttons on cultural issues to make you support huge tax cuts for corporations and billionaires, in opposition to your own economic interests.




And because since Reagan so much of the tax burden has already been transferred from these guys to Joe Sixpack we're in crisis. The bursting of the housing bubble caused the current crisis, but the underlying problem began much earlier -- in the late 1970s, when median U.S. incomes began to stall. Because wages got hit then by the double-whammy of global competition and new technologies, the typical American family was able to maintain its living standard only if women went into the workforce in larger numbers, and later, only if everyone worked longer hours.When even these coping mechanisms were exhausted, families went into debt -- a strategy that was viable as long as home values continued to rise. But when the housing bubble burst, families were no longer able to easily refinance and take out home-equity loans. The result: Americans no longer have the money to keep consuming. When you consider that consumers make up 70 percent of the economy, the magnitude of the problem becomes apparent.


What happened to the money? Since the late 1970s, a greater and greater share of national income has gone to people at the top of the earnings ladder. As late as 1976, the richest 1 percent of the country took home about 9 percent of the total national income. By 2006, they were pocketing more than 20 percent.



But the rich don't spend as much of their income as the middle class and the poor do -- after all, being rich means that you already have most of what you need. That's why the concentration of income at the top can lead to a big shortfall in overall demand and send the economy into a tailspin. (It's not coincidental that 1928 was the last time that the top 1 percent took home more than 20 percent of the nation's income.)



To get out of this we're going to have to have massive redistribution of wealth. The best way to start would be to get corporations and the wealthy to pay their fair share of taxes. let's look at the US tax situation right now. The wonder of google gives me exaclty what I'm looking for. If you only read one article this year Lyle read this one. It's full of facts and evidence but don't let that put you off :



Fiscal Therapy | Mother Jones

[El Kabong]

Hey I gave you an example and facts and you say "But look who funds them"....I will also reference Ireland and their choice to lower their corporate taxes and what happened there as a result.

I read your article....it didn't impress me.