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Let’s count the ways America benefits when
corporate taxes are cut from
35 percent to 20 percent

Canada Free Press, by Herman Cain

Original Article

Posted By:Tishimself, 11/5/2017 10:24:28 AM

The United States has one of the highest corporate tax rates in the world. If you want to know why so many U.S. companies go through “inversions” (setting up new corporate headquarters in other countries), there’s your answer. Why pay 35 percent of your net earnings when you can pay a much lower rate elsewhere? So the long-overdue proposal released Thursday to reduce the corporate tax rate to 20 percent is one of the most important economic developments this country has seen in a very long time. It’s part of a much larger Republican proposal, and there’s plenty of time to

      


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Reply 1 - Posted by: earlybird, 11/5/2017 10:39:05 AM     (No. 11442022)

How interesting that we need the Canadian media to explain this to us….

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Reply 2 - Posted by: plex, 11/5/2017 11:00:22 AM     (No. 11442057)

What I find objectionable is the fact that none of these experts bothers to drive home the fact that corporations don´t pay these taxes, the consumer does. Corporations make money selling products and some of that money goes to the government in taxes. If you lower the taxes, the company can lower its prices to get closer to prices of imported goods that pay lower corporate taxes.

A corporate tax is very much like a value added tax that gets passed from corporation to corporation until the consumer pays the tax as part of the price.

Corporate taxes should be zero and then add a universal sales tax that applies to goods made in the US and abroad. Same effect on the price, same cash flow to the government.

Corporations collect taxes, they don´t pay them.

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Reply 3 - Posted by: JediJerry, 11/5/2017 12:48:55 PM     (No. 11442184)

Tax cuts are nice but the big question is always how are we going to pay for it? In the case of these wonderful tax cuts they seem to omit the facts of massive across the board elimination of deductions. No more deductions is how they pay for it. They give it in one hand and take it away on the other. This is a massive tax increase sold off as the biggest tax cut in history which is a bald faced lie.

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Reply 4 - Posted by: Italianlooks, 11/5/2017 2:09:55 PM     (No. 11442250)

Corporations “do not pay taxes” they collect them in their cost of goods services! Everyone who runs a business knows that pricing includes the cost of estimated taxes, State and federal! And further more it is a form iof “value added taxes” each sale includes this cost! And the cost is passed on to the various government or deferred until they are realized!
Only “ individuals” pay taxes never a corporation!

The governments not explain this because businesses are the biggie man or woman that employed us!

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