Members chris-dax Posted March 5, 2009 Members Share Posted March 5, 2009 2010 Corporate Tax Rate: US = 46.2%, China = 25% In the midst of a serious global economic slowdown, with devastating reductions in corporate profits, accelerating business bankruptcies, and massive corporate layoffs, many (US) state lawmakers are working to increase tax rates and fees on corporations and businesses. Concurrently, the White House and a majority of representatives in Congress are promising more tax increases and the elimination of many tax credits. Instead of helping US companies be more competitive and profitable and thereby allow the US economy to remain the job creating engine and economic driver of the world, our politicians are punishing and handicapping them. What could they be thinking? Looking toward 2010, if President Obama and Congressional Democrats keep their promises, we will witness the once unthinkable: free-market America will tax its companies at 46.2%, almost double the rate of state-controlled China at 25%. As the world's largest economies continue to embrace lower corporate tax rates, a friendlier business environment, and greater prosperity for their people, the US will move backwards to the failed policies of the past, of punitive taxation and mediocre growth at best. Link to comment Share on other sites More sharing options...
Members lug Posted March 5, 2009 Members Share Posted March 5, 2009 The US has the highest corporate tax rate in the world. Link to comment Share on other sites More sharing options...
Members chris-dax Posted March 5, 2009 Author Members Share Posted March 5, 2009 The US has the highest corporate tax rate in the world. bar none...and by a lot... Compare the current 41.6% rate to socialist France where companies pay only 34.4% in taxes, to China where the rate is 25%, or Russia which levies a mere 24%. Corporations in Ireland, Europe's fastest growing economy for the last 18 years, pay just 12.5% in taxes. Link to comment Share on other sites More sharing options...
Members catphish Posted March 5, 2009 Members Share Posted March 5, 2009 I saw the thread title, and my firs thought was, "Oh boy! Sexy Party!" Then I saw who the thread starter was... Link to comment Share on other sites More sharing options...
Members catphish Posted March 5, 2009 Members Share Posted March 5, 2009 The US has the highest corporate tax rate in the world. Hey lug, how long has that been the case? More than 40 days? Link to comment Share on other sites More sharing options...
Members MrJoshua Posted March 5, 2009 Members Share Posted March 5, 2009 Tell me about it. Corporate tax rates suck. Link to comment Share on other sites More sharing options...
Members Emprov Posted March 5, 2009 Members Share Posted March 5, 2009 I saw the thread title, and my firs thought was, "Oh boy! Sexy Party!" Then I saw who the thread starter was... Not to devalue the message but ya. C-D is kinda starting to get a rep for these kinds of threads. C'mon Dax, broaden your posting spectrum. I don't want tin foil hats to come to mind when I see your name! Link to comment Share on other sites More sharing options...
Members RSBro Posted March 5, 2009 Members Share Posted March 5, 2009 IMO/IME, C-corps aren't needed anymore unless you have like ultra-mega-high risk and millions of stockholders, etc.. Why any person or couple who owns/runs their own business and has one of these is freaking beyond me... Oh well. We'll just watch a lot more top tier US companies move overseas and then have all these dip{censored}s calling them names and "Unamerican" for not bending over and taking it w/out any lube. Link to comment Share on other sites More sharing options...
Members zachoff Posted March 5, 2009 Members Share Posted March 5, 2009 The money has to come from somewhere... Comparatively speaking, our income tax rate is pretty low. Link to comment Share on other sites More sharing options...
Members Jugghaid Posted March 5, 2009 Members Share Posted March 5, 2009 Hey lug, how long has that been the case? More than 40 days? True, but this is about a 10% jump. Basically a 30% increase over where they were. Link to comment Share on other sites More sharing options...
Members lug Posted March 5, 2009 Members Share Posted March 5, 2009 Hey lug, how long has that been the case? More than 40 days? About 2 years (or shortly after the Dems took over congress since you want to do politics here ) Link to comment Share on other sites More sharing options...
Members catphish Posted March 5, 2009 Members Share Posted March 5, 2009 True, but this is about a 10% jump. Basically a 30% increase over where they were. I'm not trying to minimize it at all. I don't agree with the increase tax on businesses. Link to comment Share on other sites More sharing options...
Members chris-dax Posted March 5, 2009 Author Members Share Posted March 5, 2009 I don't want tin foil hats to come to mind when I see your name! that's so last century... Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.