Kanadesaga

I am aware that US Corporate taxes are the highest, but without a detailed analysis, I can't really discuss with authority. I mean the 35% that US corps is higher that the 15-18% avg elsewhere. but are taxable income defined the same, etc? Lots of varibles I'm unaware of.

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DanS.

No taxable incomes are not defined as the same...the corporate tax is different than an income tax...the corporation itself pays the corporation tax and the employees pay the income tax.

Kanadesaga

I am aware of that. the corporation tax IS the income tax rate for them. and at 35% it is the same rate about as for lots of people. when you factor in SS, Medicare.

Except fopr corporations it's only on profits. unlike me being taxed at a gross income level, more or less.

If I'm not mistaken, corporations share the same rights as individuals, they should pay the same rate then.

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DanS.

Well I don't think it's plausible that a entity that isn't a sentient being much less even an inanimant object could somehow exercise right(as opposed to the people working there). And even if that were a concern it's separate from the subject at hand. You don't seem to disagree that the money will end up being taxed(divedends are taxes as ordinary income)? You just seem to prefer to tax it before it has a chance to create any growth?

Danimal

Sorry I took so long to respond, I went to bed after my post. I understand your reasoning for wanting to encourage corporate america from leaving by offering a tax break, I just don't have any faith that the people running these companies wouldn't use to pad their income and still send the jobs out of the country. I think the people running these corporations are morally ambiguous graduates of the Gordon Gecko School of Business Ethics, their priorities are selfish not civic. If you feel they are trustworthy in any way then I applaud your faith in humanity, mine was erased at an early age.

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I don't hate people, I just like it better when they're not around. -Charles Bukowski

Kanadesaga

I will research, but I believe that in the 1800s corporations were given the same rights of privacy and the like, as a citizen.

I want them to pay their own way. No more subsidies, no more corporate welfare, no more big oil tax breaks. I want them punished when they weaken my country by exporting jobs and manufacturing. I want them to properly take care of employees that gave 25-30+ years of service to that entity. I want justice, I want fairness. Corporations want profits. Period.

and the big push is that dividends and income from investment be taxed at a lower rate. I think investment income should be taxed at 95% and labor income not at all.

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DanS.

If there is any way right they are more related to property ownership. For instance even if there is a right to privacy it just means that there has to be a search warrant issued. But beyond that they are required(as long as they are publically traded) to fully disclose their finances.

Okay, I agree...no subsidies...I've always said that. Beyond that...those employees were paid for the work that they did.


Divedends are taxed at the same rate as income taxes...I said that in the post you quoted.

As far as taxing it at 95%. I couldn't disagree with you more. The reason that capital gains is lower is because investments are another thing that creates growth...saving and raising capital...If you want our economy to fail taxing it at 95% would be the quickest way to do that in addition to ruining the retirement of virtually everybody(75%) in the US.

DanS.

Maybe they would, but I doubt it, from a cost benefit standpoint the gains from moving would be much smaller. It seems very defeatist to me to say screw it without even trying.