Obama Nominates Former MBTA Head Beverly Scott To NTSB

[JohnR]

Originally Posted by Nebe

One way is by tax cuts to the rich, incredibly lax corporate tax rules and putting the heft of taxes on the middle class. Isn't that the GOP's mandate?
Posted from my iPhone/Mobile device

There are three resolutions to not having enough money: spend less, generate more in productions, or shake the people down for more.

So the rich, per capita, pay the highest amount of federal income taxes is not enough?


I fully agree that corporations have too many loopholes so while the US corporate taxes are high - many companies go out of their way to bury it - there does need to be a balance

Originally Posted by Nebe

Simple. She's a republican.
Posted from my iPhone/Mobile device

No, like many Ds (and some Rs) she is a Statist (anti-individual), with a heavy dose of Socialist, wrapped in a massive cocoon of Opportunist

[detbuch]

Originally Posted by JohnR

I fully agree that corporations have too many loopholes so while the US corporate taxes are high - many companies go out of their way to bury it - there does need to be a balance

While we have, without question, the highest statutory corporate tax rate of all countries, and while it is true that some corporations pay a far less effective rate than the statutory rate. The average effective (actual) corporate tax rate in the U.S. is similar to the combined average rate of the other OECD countries.

Of course, several countries have lower, even much lower statutory rates than the average effective rate in the U.S., making them tax havens as well as an attraction to lure corporations to move there.

But rather than the reality of what companies pay in the U.S. on average, what is focused on is those giant corporations who pay less or zero rates. That is a result, in large part, to the cronyism paid with donations to both parties. It also means that many companies pay more, far more, even the full statutory rate, to create the average effective rate.