CPAPtalk.com

ozze_dollar wrote:

PST wrote:

kempo wrote: Big business have been leaving this country for years to move to Canada, Europe, and the far East to flee the 35% corporate taxes we have in the U.S. If the U.S. would drop corporate taxes to 20% like the rest of the world, the economy would boom. Lowering taxes increases tax revenue. It always has and it always will.

There is a web site called World Tax Rates 2010/2011, http://www.taxrates.cc, that shows corporate tax rates for most countries. A disclaimer notes that determining rates can be difficult, and I suppose some places may have differences between industries or locations, but the site didn't seem to have an ax to grind. Among the figures it gives for advanced countries or fast-growing countries:

Australia 30%
Canada 34%
China 25%
France 33.33%
Germany 33.3%
India 33.99%
Japan 40.87%
Mexico 30%
U.K. 28%

Most of those are a scooch less than that of the U.S., but it would take a pile of evidence to convince me that for years companies have been moving to Canada, say, for that 2 percent difference. In any event, it doesn't look like there is a world 20 percent standard. There were a few countries in the last decade that got a reputation for attracting businesses with especially low income tax rates, but some of those, like Ireland, are basket cases now.

In addition, it is notoriously the case that American companies do not, on average, pay anywhere close to 35 percent because of a broad variety of subsidies, shelters, and special breaks. There was an interesting story in the New York Times a few months ago, "U.S. Business Has High Tax Rates but Pays Less," http://www.nytimes.com/2011/05/03/busin ... rates.html. Perhaps the most interesting information was this:

In addition to being complex and uneven, the United States corporate tax code is inefficient and has become a diminishing source of revenue. Corporate taxes accounted for about 9 percent of all federal revenue in 2010. At $191 billion, they were equal to 1.3 percent of the nation's gross domestic product. Most industrial countries collect more from companies, about 2.5 percent of output.

I would certainly like to see us close the loopholes and reduce the rate. Every sensible person would. But I'm not holding my breath.

It is very difficult to compare taxes.We need to include direct taxes like a GST. Taxes on petrol and also payroll taxes.

NightMonkey wrote:

SleepyT wrote:

ShortSeller wrote:...So Well seems to be the 2nd biggest Attention Whore on this board.

Of course, this begs the question.....who is first?

Maybe it is ShortSeller? He has already established himself as an ass under the name Mike6977 (search.php?author_id=57648&sr=posts) and now seems to want to start over calling himself ShortSeller.

ShortSeller
Also Posted As:
(Mike6977)

DanDuPree wrote:You need to see your sleep specialist. You must be suffering from oxygen deprivation associated with severe sleep apnea. That and a FAUX OD.

I know Karl Rove has been training morons on HOW TO REWRITE HISTORY, but if you ignore the BS, any idiot has to realize that without the public work policies and money that FDR got moving, the US would have still been in the middle of the worst of the depression, and we would not have had the infrastructure nor manufacturing capability to FIGHT THE D@MN NAZIS IN WWII. YOU'D BE SPEAKING GERMAN INSTEAD OF REPUBLICANTESE.

NotMuffy wrote:Just one asteroid.

And it wouldn't even have to be that big.

Just say, about the size of Rhode Island.

Coming in at 25,000 miles an hour.

Poof.

SleepyT wrote:

ShortSeller wrote:...So Well seems to be the 2nd biggest Attention Whore on this board.

Of course, this begs the question.....who is first?

NightMonkey wrote: Maybe it is ShortSeller? He has already established himself as an ass under the name Mike6977

NightMonkey wrote: and now seems to want to start over calling himself ShortSeller.

NotMuffy wrote:Just one asteroid.

And it wouldn't even have to be that big.

Just say, about the size of Rhode Island.

Coming in at 25,000 miles an hour.

Poof.

Mike6977 wrote:Something that size would be a Earth Sterilizing Impact.

rested gal wrote:

Mike6977 wrote:Something that size would be a Earth Sterilizing Impact.

Which may be the point.

Vader wrote:As long as folks are reviving this thread, this is a MUST SEE!
https://www.youtube.com/watch?v=Dsn25aQ ... e=youtu.be

Mike6977 wrote:

But a comet her size would kill everything, including adorable baby panda bears in Australia.