DanS.

We have either what is the highest or close to the highest corporate tax rates in the industrialized world.

Corporate profits go in 3 different directions...they're used to reinvest back into the company to create growth, paid out as dividends or as bonuses.

Divedends are rare these days and even the most egregious bonus amounted to about 1% of yearly profits.

But even at that wouldn't it make sense to lower the corporate tax rate and increase the income tax rate on wealthier individuals?

Malkavian

This is pretty much what i have been advocating for a while... Individuals are more captive than businesses in most cases. They go where jobs are. Low corp tax will attract businesses that'll provide jobs, and those jobs will form the tax base.

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Woof!

Kanadesaga

It goes to more than just tax rates.

Michigan used to have the most autoworkers of any state or country. Now that honor goes to windsor Canada. why?

Because it costs them $6500 per worker/year for healthcare in Michigan. $800 per worker per year in Canada. I know where I'd go.

When you corporatists figure it out that unfettered profiteering is not good it will be too late.

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DanS.

You say that the auto companies moved to Canada to increase profits because of healthcare (nevermind not having to pay forktruck drivers $90,000 a year) and then use that as an example of why profits don't matter?

Cookie

You mean I could have saved myself the trouble and expense of 3 college degrees and instead driven a forklift for the union? DAMN!

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Corgi butts drive me nuts.

Kanadesaga

As one example, considering their proximinty to each other and that most other factors are constant. a yearly savings of $5700 per employee, by tens of thousands of employees? I can see the move.. Is that $90,000 starting pay?

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Danimal

It's funny how offended you are by a forktruck driver making $90,000, meanwhile the head of these corporations you want to give a tax break to are making tens of millions of dollars to drive their company into financial ruin. I'm sure if you were to produce this forktruck driver who makes 90k you'll find someone who has put years into his trade and his position will soon be gone as his factory closes down to send his job to our neighbors both north and south. There is no better example of this than the auto industry.

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

DanS.

Who's offended? Where? I've been a factory worker almost my entire working life...There were a couple purposes for brining it up but really neither or them too relevent to the discussion.

And what you're FAILING to see is that I don't want to give a tax break to the people running them...I proposed INCREASING their taxes....

DanS.

Right...and you don't see why you might want to keep the corporate(not the executives) taxes low to keep those jobs here? Maybe?

Kanadesaga

No, my first thought is , why don't we have Health care like that, so our country is inviting for business to want to build here. but why would I want to build factories in the US? when I can exploit third world countries and workers by building substandard facilities in unregulated countries.

so it must be that being equal workforces on either side of the border, they didn't relocate to Vietnam after all. that the lower health costs were significant.

as Far as taxing CEOs at a higher rate? they'll just demand, (and get) double what they are getting now. costs passed on to the consumer.

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