Trump returns to false tax claim that U.S is the highest taxed country in the world

Any topic with a chance of polarization - Not for the easily offended.

Moderator: Team

engineczar
Expert
Expert
Posts: 631
Joined: Mon Jul 26, 2004 10:47 am
Location: Dubois, Wy.

Re: Trump returns to false tax claim that U.S is the highest taxed country in the world

Post by engineczar » Wed Sep 06, 2017 8:44 pm

sanfordandson wrote:
engineczar wrote:So other countries don't have loopholes in their tax codes? There's a reason that companies move to foreign countries and it's not just cheap labor.

Lemme guess...you think saving corporations money will suddenly become a windfall of cash for the average joe.... :lol: #-o
Jobs dumb ass, jobs. I watched a thousand people lose their jobs when a company I worked for moved to China. It devastated the local economy and still does 10 years later. The cost of doing business in a blue state drove them out. To someone without a job getting a paycheck might just be a windfall for the average Joe.

Firedome8
Expert
Expert
Posts: 928
Joined: Wed Sep 21, 2016 6:16 pm

Re: Trump returns to false tax claim that U.S is the highest taxed country in the world

Post by Firedome8 » Wed Sep 06, 2017 10:11 pm

engineczar wrote:
sanfordandson wrote:
engineczar wrote:So other countries don't have loopholes in their tax codes? There's a reason that companies move to foreign countries and it's not just cheap labor.

Lemme guess...you think saving corporations money will suddenly become a windfall of cash for the average joe.... :lol: #-o
Jobs dumb ass, jobs. I watched a thousand people lose their jobs when a company I worked for moved to China. It devastated the local economy and still does 10 years later. The cost of doing business in a blue state drove them out. To someone without a job getting a paycheck might just be a windfall for the average Joe.
don't t blue states support welfare red states ?


sanfordandson
Guru
Guru
Posts: 3015
Joined: Sat May 20, 2006 6:28 pm

Re: Trump returns to false tax claim that U.S is the highest taxed country in the world

Post by sanfordandson » Wed Sep 06, 2017 10:23 pm

engineczar wrote:Jobs dumb ass, jobs.
Why would those companies want to spend the money to move back when they already have a good deal going on somewhere else. And wages are rising in the US which would cost them even more.

Think more..type less...lol

engineczar
Expert
Expert
Posts: 631
Joined: Mon Jul 26, 2004 10:47 am
Location: Dubois, Wy.

Re: Trump returns to false tax claim that U.S is the highest taxed country in the world

Post by engineczar » Wed Sep 06, 2017 10:29 pm

Oooo Politifact, nothing like having a left wing newspaper fact checking left wing facts.

engineczar
Expert
Expert
Posts: 631
Joined: Mon Jul 26, 2004 10:47 am
Location: Dubois, Wy.

Re: Trump returns to false tax claim that U.S is the highest taxed country in the world

Post by engineczar » Wed Sep 06, 2017 10:34 pm

sanfordandson wrote:And wages are rising in the US

They sure are thanks to Trump =D> =D> =D>

sanfordandson
Guru
Guru
Posts: 3015
Joined: Sat May 20, 2006 6:28 pm

Re: Trump returns to false tax claim that U.S is the highest taxed country in the world

Post by sanfordandson » Wed Sep 06, 2017 10:35 pm

engineczar wrote:
sanfordandson wrote:And wages are rising in the US

They sure are thanks to Trump =D> =D> =D>
So at least your starting to get it now.

Youre already farther ahead than trump!

engineczar
Expert
Expert
Posts: 631
Joined: Mon Jul 26, 2004 10:47 am
Location: Dubois, Wy.

Re: Trump returns to false tax claim that U.S is the highest taxed country in the world

Post by engineczar » Wed Sep 06, 2017 10:40 pm

:lol: I
sanfordandson wrote:
engineczar wrote:
sanfordandson wrote:And wages are rising in the US

They sure are thanks to Trump =D> =D> =D>
So at least your starting to get it now.

Youre already farther ahead than trump!
Coming from a mental midget like you I don't know whether to laugh at you or feel sorry for you. :lol: :lol: :lol:

sanfordandson
Guru
Guru
Posts: 3015
Joined: Sat May 20, 2006 6:28 pm

Re: Trump returns to false tax claim that U.S is the highest taxed country in the world

Post by sanfordandson » Wed Sep 06, 2017 10:48 pm

engineczar wrote:Coming from a mental midget like you I don't know whether to laugh at you or feel sorry for you. :lol: :lol: :lol:
Either would be expected from you.

An intelligent response from you is what would really shock me. :mrgreen:

engineczar
Expert
Expert
Posts: 631
Joined: Mon Jul 26, 2004 10:47 am
Location: Dubois, Wy.

Re: Trump returns to false tax claim that U.S is the highest taxed country in the world

Post by engineczar » Wed Sep 06, 2017 11:52 pm

sanfordandson wrote:
engineczar wrote:Coming from a mental midget like you I don't know whether to laugh at you or feel sorry for you. :lol: :lol: :lol:
Either would be expected from you.

An intelligent response from you is what would really shock me. :mrgreen:
We try to keep it simple so you don't fall too far behind. No child left behind and all. :mrgreen:

mk e
Guru
Guru
Posts: 2997
Joined: Mon Sep 17, 2012 3:19 pm
Location: Elverson, PA

Re: Trump returns to false tax claim that U.S is the highest taxed country in the world

Post by mk e » Thu Sep 07, 2017 1:26 am

engineczar wrote:
engineczar wrote:So other countries don't have loopholes in their tax codes? There's a reason that companies move to foreign countries and it's not just cheap labor.

Jobs dumb ass, jobs. I watched a thousand people lose their jobs when a company I worked for moved to China. It devastated the local economy and still does 10 years later. The cost of doing business in a blue state drove them out. To someone without a job getting a paycheck might just be a windfall for the average Joe.
We are not short or jobs, we are short of workers....at least as a nation, locally the situation can be different.

The tax rate matters, but cheap labor notmally matters more. Companies move headquarters to kow tax places, manufacturing to cheap labor places.

There is no silver bullet....not low corporate taxes because the revenue needs to be made up from personal taxes which means wages need to go up and corporate costs stay about the same. And not more or less regulation repenting on which side your on because liability is impacted and again costs may not change much overall.....its about balance.
Mark
Mechanical Engineer

David Redszus
Guru
Guru
Posts: 5642
Joined: Tue Nov 27, 2007 9:27 am
Location: Chicago
Contact:

Re: Trump returns to false tax claim that U.S is the highest taxed country in the world

Post by David Redszus » Thu Sep 07, 2017 11:06 am

We are not short or jobs, we are short of workers....at least as a nation, locally the situation can be different.
Not true. While the unemployment rate looks good, the workforce participation rate is still far below historical norms.
People have stopped looking for work , work only part time, or are under-employed.
The tax rate matters, but cheap labor notmally matters more. Companies move headquarters to kow tax places, manufacturing to cheap labor places.
Low labor costs certainly are a factor but not as significant as once was due to automation which can be quickly built anywhere in the world. While labor may be cheaper, so is the production of an under-educated workforce. Of greater concern are stupid regulations, product liability laws, mandated benefits, EPA, OSHA and even local municipal harassment.
There is no silver bullet....not low corporate taxes because the revenue needs to be made up from personal taxes which means wages need to go up and corporate costs stay about the same.
The silver machine gun bullets result from an expanded and growing economy, lower taxes leaving resources for investment, massively reduced wasteful spending, better education of a potential workforce. Wages cannot be legislated; they are a direct result of productivity. Low wages usually means low productivity, an uneducated workforce and increased governmental or union interference.
And not more or less regulation repenting on which side your on because liability is impacted and again costs may not change much overall.....its about balance.
It is primarily about regulation and liability exposure that stifles innovation. Why are all flat screen TVs, computers, cell phones made overseas? Machine tools, household appliances, automotive components, shoes and clothing are all following the same path.

It becomes very clear that the leftist, socialist, Democraps and their brainless followers do not understand the basics of economics. Not one bitcoin. They want paid leave, free tuition, short hours, equal pay for less work, and think the wealth that has accumulated in this country belongs to them, not to those who worked to obtain it. They are under-educated or mis-educated, ignorant of history, violent, and living a parasitic life style granted only by the charity of a patient American people. That will not continue forever; there will be a massive backlash at some point.

Post Reply