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Comments about ‘Charles Krauthammer: Solution to inversion is to lower corporate tax rates’

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Published: Thursday, Aug. 28 2014 8:51 p.m. MDT

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GaryO
Virginia Beach, VA

I would be amenable to lowering the corporate tax rate IF and only if we greatly increase the tax rate for the high tax bracket . . . At LEAST to 70 percent, but why stop there?

After all, most corporate income goes to America's highest earners.

Besides, we really need to address income inequality AND the lack of revenue we've experienced since the silly Supply-side fad began during the Reagan administration.

Obviously Trickle-down economics never worked anyway . . . so let's bump up that tax rate for high earners to where it was when the nation actually paid its bills.

Sven
Morgan, UT

So GaryO, you don't like "income inequality" aye? Why don't you Liberals put your silly slogans where your mouths are. I mean, after-all, it isn't fair that you make more than a homeless person...right? Come on, show us how it's done; find one or two deserving low income wage earners (or no wage earners), and commit to writing them a check every two weeks for say...$250.00. After-all, fair is fair. If it's good for the wealthy, it should be good for you. Remember, to some in our society, you'd be considered rich.

This will make you feel almost as good as wearing a ribbon for the latest caused du jour.

BioPowertrain
Detroit, MI

It's been awhile, but finally here's an article I agree with. Our corporate tax rates smother the entrepreneurial spirit and severely curb growth. Also, you can try fighting it all you want, but the cat is out of the bag. We have to reduce to parity rates or capital will continue to fly out of our economy along with all their engineering, financial & manufacturing jobs. Which means a double-whammy: no corporate profit taxes and no individual income taxes. This has to change or we're done.
Thanks Mr. Krauthammer. One follow-up request: lose the snark. It accomplishes nothing helpful and gets the other side of the team's back up.

David
Centerville, UT

Democrats accuse Corporations of moving overseas to avoid taxes.

But it is the Democrats that have put US Corporations at a distinct disadvantage through the high corporate taxes. The Democrat-supported Unions, the Democrats support for increased minimum wage, the Democrats high corporate tax rates.

Why has corporations, and manufacturing, and jobs moved overseas?

Because of Democrats.

atl134
Salt Lake City, UT

@Sven
You clearly don't get it, or you're just pretending you don't... remember liberals pay taxes too.

one vote
Salt Lake City, UT

Koch brothers will have more profits to pay pundits to spin for more profits.

RRB
SLC, UT

The corporate rates are lower now than they have been the past 60+ years. Notice since 1990 small business has been penalized, while mega corporations have been rewarded.
1950 over $25,000 42%
1960 Over $25,000 52%
1970 Over $25,000 49%
1980 Over $100,000 46%
1990 $100,000-$335,000 39%
Over $335,000 34%
2000 $15,000,000-$18,333,333 38%
Over $18,333,333 35%

Some companies are going to find any way they can to make money. They have no loyalty to their country. Instead of rewarding them, let's reward the companies that keep their home offices here and close the loophole.

Sven
Morgan, UT

atl134 said:

"You clearly don't get it, or you're just pretending you don't... remember liberals pay taxes too."

=====

And the rich pay taxes too (Kind of a circular argument).

The top 10% income earners in the Unites States pay 70% of the federal income tax burden. About 47% of the US population pay no federal taxes. Other low income earners receive the Earned Income Tax Credit. Basically, they get rewarded and paid by the other tax payers, for not paying any federal income taxes. How are they paying their "fair share"?

Please spare us the never ending Marxist class warfare nonsense. The rich are paying more in federal income taxes since the late 1970s.

Liberal hypocrisy is stunning! If you folks on the Left can smear "rich" people because they happen to make more than others in our society, why can't the same charge be made against liberals like GaryO? The fact is, to some in our nation, GaryO would be considered rich. Rich is a relative term. If GaryO can demand that the rich pay more, I can make the same demands of him...right? My original challenge to GaryO stands. Are you up for the challenge also?

Sven
Morgan, UT

one vote said:

"Koch brothers will have more profits to pay pundits to spin for more profits."

Kind of like George Soros...right?

Howard Beal
Provo, UT

All I know is that I'll skip eating at Burger King...

Hutterite
American Fork, UT

In some odd way, I'm thinking of myself as analogous to burger king these days. Whenever I return home to see the doctor or go to the office, I return with as much coffee from Timmy's as I can find space for. And I know that I must renounce US citizenship when I retire regardless of whether or not I keep my home in AF, or Dolan Springs, or wherever. The taxes are too much; the health care too little.

high school fan
Huntington, UT

Who doesn't agree with the notion that everyone should pay something in the way of taxes to live in this country, even if it is just $10.00 or so. And as for the notion of who owns the big corporations, it is generally each of us since most of us have an IRA or a 401k. Most corporations are owned by stockholders, people just like you and I.

sammyg
Springville, UT

With 1/3 of our population on gov't 'benefits' and trillions of debt, one can only assume that taxes are going up.

Kudos to Burger King for using the tax-code to their advantage. This fake outrage over a company mitigating their tax exposure should be just the opposite.

The idea of paying a 'fair-share' and penalizing companies thru the tax code is ridiculous. Companies should be incentivized when they create jobs and broaden the overall tax base.

We all know that these taxes are simply passed on to the consumer in higher prices.

Gov't need to restrain itself, lower the corporate taxes to entice companies to stay, and rebalance the tax base across the board.

1/3 of our population on gov't welfare is going to destroy us.

JoeBlow
Far East USA, SC

Our corporate tax rates have been steady for a while. They are effectively the same as under Reagan. Bush did not lower them with a gop congress.

So, why the complaints now? Did Bush lower corp tax rates with a GOP congress? NOPE.

Second point. Yes, there are industrialized countries with lower corporate tax rates. But, generally their individual tax rates are higher.

Our big revenue outlays are SS, Medicare and Military. It is unreasonable to lower tax rates (corporate or individual) unless one is to make significant cuts in these 3.

The right screams for lower tax rates but does not make cuts to the significant spending drivers.

This is a recipe for increased deficits.

Lets drop the partisan snipping and actually address the problem.

You cant have lower individual tax rates AND lower corporate tax rates without cutting spending on SS, Medicare and defense.

Basic math.

The Real Maverick
Orem, UT

We don't negotiate with terrorists.

If corporations feel such a need to blackmail the American people by moving overseas in ridiculous inversion scams then I think we should fight back. Time to take away subsidies and other handouts. If corporations feel like they can force our hand then we really should remind them who boss. And while they're making record profits, it's ridiculous for them to claim that taxes are too high. It's the gilded age all over again.

The tail should never wag the dog. I say take away their corporate handouts.

Besides, how else will we fund Charles' desired wars in the Middle East?

Happy Valley Heretic
Orem, UT

So there the lowest they've been but it aint low enough for the greedy.
So lower lower taxes will help America? Because the GOP believe if we give it away, a miracle will happen and the deficit will go away.

98% of the tax code is for 1% of the population, written by their lawyers, and accountants, codified into law by bribing our politicians with lobbyist to the point where they pay very little anyway.

But since Corporations have no soul, no moral compass. just profit for motivation, there is no loyalty to nation, community or person. We have let them buy and sell America. It's not the people it's the "New People." who will never die, just dissolved, and sold for the assets.

JoeBlow
Far East USA, SC

Large, profitable U.S. corporations paid an average effective federal tax rate of 12.6% in 2010, the Government Accountability Office said Monday.
Source MoneyCNN - July 2013

The federal corporate tax rate stands at 35%, and jumps to 39.2% when state rates are taken into account. But thanks to things like tax credits, exemptions and offshore tax havens, the actual tax burden of American companies is much lower.

In a report commissioned by Senators Carl Levin (D-Mich.) and Tom Coburn (R.-Okla.), the GAO looked at taxes paid by profitable U.S. corporations with at least $10 million in assets.

Even when foreign, state and local taxes were taken into account, the companies paid only 16.9% of their worldwide income in taxes in 2010.

___
Look at historical US corporate tax rates and tell me what years they have been lower.

Yes, we can always find countries with lower tax rates. Is that now where we have set the bar?

FT
salt lake city, UT

@Howard Beal
Spot on. Let all the talking heads argue about tax rates while the common people decide who gets their money. Amercians have bled and helped fund BK into what it is today. Now they decide it's in their best interest to move their HQ elsewhere. Good bye, you won't be missed.

Thid Barker
Victor, ID

@ FT. Americans have "bled" to make BK what it is today? No one is bleeding at BK, only a few irrational dupes are hyperventilating because Americans choose to buy BK's products. They CHOOSE to patronize BK because BK offers them something they enjoy! Its called freedom! Free choice is so irritating isn't it? In the meantime, BK will expand, hire more people, pay more taxes and make everyone's life better, except yours!

GaryO
Virginia Beach, VA

Hey David -

"Why has corporations, and manufacturing, and jobs moved overseas?"

They has moved overseas in order to maximize profit . . . Cheaper Labor, Lower taxes, and less concern over environmental issues.

That's what capitalism is all about, isn't it? . . . Maximizing profit.

That's whated Republicans want, and that's exactly what they got.

So . . . You're saying you're upset with the policies you promoted?

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