Woolfsmck 2,763 Posted August 26, 2014 Share Posted August 26, 2014 http://finance.yahoo.com/news/why-more-u-s--companies-will-flee-to-canada-170750190.html" President Obama has endorsed a cut in the corporate tax rate to 28%, as long as it comes with higher taxes on wealthy individuals. Republicans won’t agree to that demand, and besides, they think the corporate rate should be far lower, perhaps even below 20%"Here I agree with Obama.For this reason....The U.S. is a consumer economy, meaning that much of the money people earn comes from 'other' people spending said money ...Wealthy people often earn 10,000 times more money than a middle class earner...But they don't buy 10k more stuff ... the difference often goes into tax shelters or foreign bank accounts.Corportations that make a profit will reinvest in themselves, to turn a higher profit, better product, more employees, better employee benefits to attract the best people, ect... Lowering corporate taxes will increase the economy over all imo.So, in a sense, wealthy people often rob, or diminish the over all economy, in an effort to protect their own fortunes.Since opposing political ideologies persist to the point where next to nothing gets done, it seems the U.S. is going to become like France, where any successful idea or business will flee because of unfair tax policies. like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Dylanica 15 Posted August 26, 2014 Share Posted August 26, 2014 Notably, even Sears is doing better in Canada I heard. :popcorn: Link to post Share on other sites More sharing options...
Disregard 50 Posted August 26, 2014 Share Posted August 26, 2014 Economy is gonna be mad at you for stealing this thread from him. Link to post Share on other sites More sharing options...
Economy 52,951 Posted August 26, 2014 Share Posted August 26, 2014 Actually on this subject... Burger King just recently said they wanna merge with Tim Hortons (Canadas largest coffee shop chain) and move its headquarters to Canada for lower taxes Actually the conservatives have lowered investment taxes, general business taxes and Corporate taxes A LOT over the past decade as well as import taxes. Income taxes are still kinda high though especially for anybody in a tax bracket above $80,000 :MANiCURE: Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted August 26, 2014 Author Share Posted August 26, 2014 Economy is gonna be mad at you for stealing this thread from him.Me an Economy is amigo's ... 8-) like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
socotra 3,357 Posted August 26, 2014 Share Posted August 26, 2014 let's replace all of Congress with new people ;D Link to post Share on other sites More sharing options...
Economy 52,951 Posted August 26, 2014 Share Posted August 26, 2014 Im wondering what Americans think of the whole Burger king thing. It could be a sign of more companies to do that However switching headquarters is a real hassle. Also Don't CEOs and administrators have to move or loose their jobs? if so some companies might be reluctant to consider the move for that reason alone even if the tax rates are more competitive abroad Thats besides other bureaucracy and shenanigans involved in moving out. I think some US Corporations will move here. In Fact Toronto is one of the fastest growing Corporate and financial centers in the world... But I believe many companies will stay in the US for multiple reasons Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted August 26, 2014 Author Share Posted August 26, 2014 let's replace all of Congress with new people ;DVote ...Current incumbents suck rocks hard.... like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
lucia4 0 Posted August 26, 2014 Share Posted August 26, 2014 http://finance.yahoo.com/news/why-more-u-s--companies-will-flee-to-canada-170750190.html " President Obama has endorsed a cut in the corporate tax rate to 28%, as long as it comes with higher taxes on wealthy individuals. Republicans won’t agree to that demand, and besides, they think the corporate rate should be far lower, perhaps even below 20%" Here I agree with Obama. For this reason.... The U.S. is a consumer economy, meaning that much of the money people earn comes from 'other' people spending said money ... Wealthy people often earn 10,000 times more money than a middle class earner...But they don't buy 10k more stuff ... the difference often goes into tax shelters or foreign bank accounts. Corportations that make a profit will reinvest in themselves, to turn a higher profit, better product, more employees, better employee benefits to attract the best people, ect... Lowering corporate taxes will increase the economy over all imo. So, in a sense, wealthy people often rob, or diminish the over all economy, in an effort to protect their own fortunes. Since opposing political ideologies persist to the point where next to nothing gets done, it seems the U.S. is going to become like France, where any successful idea or business will flee because of unfair tax policies. Cher is that u in disguise? Link to post Share on other sites More sharing options...
socotra 3,357 Posted August 26, 2014 Share Posted August 26, 2014 Vote ... Current incumbents suck rocks hard.... I would if I could lol 3 more years! :D Link to post Share on other sites More sharing options...
Tommymonster44 0 Posted August 27, 2014 Share Posted August 27, 2014 One thing that annoys me is the whole tax the rich campaign. The rich are already taxed. In many places, the rich pay half of their income in taxes already, how much higher can you push the rates? I think it would be unfair for someone making $500,000 to pay $300,000 in taxes. Link to post Share on other sites More sharing options...
Economy 52,951 Posted August 27, 2014 Share Posted August 27, 2014 One thing that annoys me is the whole tax the rich campaign. The rich are already taxed. In many places, the rich pay half of their income in taxes already, how much higher can you push the rates? I think it would be unfair for someone making $500,000 to pay $300,000 in taxes. this tbh Im not against taxing the rich a bit more... But wome Countries exaggerate... When u over-do socialism fewer ppl will work hard to be successful and more people get comfortable on the free services rich pay for and the economy becomes unproductive and weak :shrug: Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted August 27, 2014 Author Share Posted August 27, 2014 Burger King Is Going Bananashttp://finance.yahoo.com/news/burger-king-going-bananas-113628642.html"Tax inversion deals have surged this year as cash-flush companies prioritize acquisition targets beyond the reach of U.S. levies. The Obama administration is well aware of the strategy and has urged Congress to pass legislation that would disincentivize businesses from trying to pull it I think this is a mistake... its a hostile environment for business. Liberal leaders need to step back a minute and look at the big picture ... If being successesfull means you need to avoid taxes, there is something wrong ...If the garden is a bad place to grow, then they will look for a new garden... like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 52,951 Posted August 27, 2014 Share Posted August 27, 2014 Burger King Is Going Bananas http://finance.yahoo.com/news/burger-king-going-bananas-113628642.html "Tax inversion deals have surged this year as cash-flush companies prioritize acquisition targets beyond the reach of U.S. levies. The Obama administration is well aware of the strategy and has urged Congress to pass legislation that would disincentivize businesses from trying to pull it I think this is a mistake... its a hostile environment for business. Liberal leaders need to step back a minute and look at the big picture ... If being successesfull means you need to avoid taxes, there is something wrong ... If the garden is a bad place to grow, then they will look for a new garden... also trying to stop inversions may make new companies think twice before starting in the US to begin with because they may feel locked in and like once they are in they cant get out I know how bad Liberals are for business... In my Province they have TERRIBLE policies If it wasnt for the Conservative Federal Government cleaning up some of the mess, id swear where I live wed be like Europe by now :roll: Link to post Share on other sites More sharing options...
Cody Draco 2,531 Posted August 30, 2014 Share Posted August 30, 2014 One thing that annoys me is the whole tax the rich campaign. The rich are already taxed. In many places, the rich pay half of their income in taxes already, how much higher can you push the rates? I think it would be unfair for someone making $500,000 to pay $300,000 in taxes. One thing that annoys me is when people think they need that kind of money to live a good life. Link to post Share on other sites More sharing options...
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