The Republicans pushed for term limits serveral years back, but the Dems would not go for a constitutional amendment in the Senate.

When was this?

 

Correct me if I'm wrong, but the Republican "term limits" crowd seems to gain steam only when the Democrats are in power.

The Republicans pushed for term limits serveral years back, but the Dems would not go for a constitutional amendment in the Senate.

Sorry, not buying that. Neither side has ever made a serious push for term limits.

The vast majority of our rules and regulations are due to the greediness of people trying to take advantage of others or having disregard for the welfare of others. In spite of these rules, there can be little doubt that the American Dream lives on and opportunity is still there for anyone in our nation to have success 90% of the rest of the world has no chance at. As to taxes, the overall tax rate in the US is one of the lowest in the world. This isn't why there are no jobs in America. Makes for a nice column. Feeds the masses what they want to hear and where they want to point fingers. There are a couple good points in there, just a couple. But regulations and taxes are not the reason why there are no jobs. Next ....

You sure about that? This article is about corporate tax rates. According to the chart on this link the US is 4th highest on new investments.

 

http://static.seekingalpha.com/uploads/2011/3/13/saupload_corporate_tax_rates_by_country_2010.png

Here's one that puts the US as the second highest behind only Japan.

http://www.guardian.co.uk/news/datablog/2011/feb/21/corporation-tax-rates-world

I agree that government does play a role in the business world, but the exploitation of 100 years ago is far different than the intrusion that we see of today's government.

They do not need so much of our money to enforce their regulations, even after you take into account the government's constitutional duties.

 

100 years ago? Are you serious? Sweat shops being placed around the world prove that wrong. You don't think they'd have those here without regulations on work, price of labor, etc.? I'm sorry but mega-corportations would be cutthroat without heavy regulations. I don't doubt the government does step over the line, but if you don't believe that atleast some of what they do in workplace regulations is necessary then you should grab a V for Vendetta mask and plan a government takedown. I hate losing my tax money as much as the next person, but good grief.

Here's one that puts the US as the second highest behind only Japan.

http://www.guardian.co.uk/news/datablog/2011/feb/21/corporation-tax-rates-world

 

Its not really fair to compare tax prices right now. Europe is in the process of moving towards a VAT tax which is completely different than the standard way to tax. Every member of the EU, many Latin American Countries and various other places around the world have added this type of tax system, which is going to lower the traditional tax rates but these countries pay just as much if not more in taxes overall. The minimum Value Added Tax in Europe (before any type of deduction) is 15% to all sales. It can, and does go up to 25% there, a sales tax on steroids. This would be on all purchases, along with smaller traditional tax rates, as well as many countries have you pay directly into the welfare system which is way more extensive elsewhere.

Its not really fair to compare tax prices right now. Europe is in the process of moving towards a VAT tax which is completely different than the standard way to tax. Every member of the EU, many Latin American Countries and various other places around the world have added this type of tax system, which is going to lower the traditional tax rates but these countries pay just as much if not more in taxes overall. The minimum Value Added Tax in Europe (before any type of deduction) is 15% to all sales. It can, and does go up to 25% there, a sales tax on steroids. This would be on all purchases, along with smaller traditional tax rates, as well as many countries have you pay directly into the welfare system which is way more extensive elsewhere.

The VAT is paid by the consumer isn't it?

You sure about that? This article is about corporate tax rates. According to the chart on this link the US is 4th highest on new investments.

 

http://static.seekingalpha.com/uploads/2011/3/13/saupload_corporate_tax_rates_by_country_2010.png

 

I didn't look at your link but I was referring to the overall tax rate.

I didn't look at your link but I was referring to the overall tax rate.

The overall tax rate doesn't apply to the topic of thread.

The VAT is paid by the consumer isn't it?

 

Yes. But who is not a consumer?

I think term limits would help a lot. Incumbents have such an advantage in elections from a fund raising point of view that many qualified people don't even think about running. I would love to see turnover in DC. Fresh ideas and more responsive to the voters.

 

I agree that fresh ideas are needed. I say lets start with BGP members getting a letter drafted and demand that Sen. Paul push to get this done. I think he is crazy enough to take on the Old Heads of Congress.

Yes. But who is not a consumer?

But in a discussion about corporate tax rates how does it apply?

The VAT is paid by the consumer isn't it?

 

In the end the consumer is burdened with most corporate taxes.

In the end the consumer is burdened with most corporate taxes.

No argument here. But the point of the thread is not individual taxes. It's what the government takes from a company in order for them to do business in the US. My understanding of the VAT (I could be understanding it wrong) is it effects the consumer and not the company. Cats stated it wasn't fair to compare corporate tax rates from country to country because many countries were enacting a VAT. My question was what does that have to do with the corporate tax rates if the VAT is paid directly by the consumer.

No argument here. But the point of the thread is not individual taxes. It's what the government takes from a company in order for them to do business in the US. My understanding of the VAT (I could be understanding it wrong) is it effects the consumer and not the company. Cats stated it wasn't fair to compare corporate tax rates from country to country because many countries were enacting a VAT. My question was what does that have to do with the corporate tax rates if the VAT is paid directly by the consumer.

 

It seems the VAT makes the paper work for the supply chain very burdensome. It seems to be another example of government making sure it gets its cut even if it creates a burden on business. And every government created burden on business is a negative force to a vibrant economy. If the negative forces add up then individuals, venture capitalists, existing business will avoid the hassles and just stick their capital in a bank. And capital in a bank is not creating or expanding jobs.

 

http://en.wikipedia.org/wiki/Value_added_tax

 

http://www.heritage.org/research/reports/2005/05/beware-the-value-added-tax

 

Many countries already impose VATs, and the results of this real-world experiment have been (very bad). Based on historical evidence and economic research, it is clear that adoption of a VAT will have several adverse consequences.

Edited July 5, 201115 yr by Bluegrasscard
change wording due to word filter issue