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.

 

I could be wrong but I think it does affect the company as well.

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

 

I could be wrong but I think it does affect the company as well.

It seems so to a point. If not actual dollars then at least add admin expenses.

It seems so to a point. If not actual dollars then at least add admin expenses.

 

Every additional slice of taxes, overhead, incremental expense, etc. adds up. And when it reduces the maximum and/or likely potential profit to below a certain criteria (usually ROI or the like) then the capital and the jobs created by its use evaporate. I fear we are seeing that exact phenomena now. Companies were already in cost cutting mode and the starving 'business management consultants' (think Accenture, McKinsey, etc.) convinced most of corporate America that a college graduate in India or Brazil who could be hired for 1/4 the salary of 10 to 20 year veteran employee or half that of a new US college hire was the same thing. And these same consultants scared executives by using the 'your competitor is doing it, you better hire us and do it too or you will become to costly in the marketplace' routine. So corporate America was told to offshore and offshore everything they could. And they did. And all this started during a time when government was not openly hostile toward business or proposing new, very burdensome new element such as the health care law. The cards were already stacked against the American worker before 2008 and before the current administration and its policies. The new burdens have likely made the outgoing wave of jobs stronger and possibly prevented or retarded the 'recovery'.

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.

 

We are talking about the US government, not a world government. Government is to be there to work with all of us, not take sides.

In the US it is not as bad as some complain. Nothing is perfect, if you do not like where you work move on, or start your own business. And find out all about government regulation and taxation.

We are talking about the US government, not a world government. Government is to be there to work with all of us, not take sides.

In the US it is not as bad as some complain. Nothing is perfect, if you do not like where you work move on, or start your own business. And find out all about government regulation and taxation.

 

Huh? How is any of what you just said relevant to me? You won't find me whining about the government, I hate that kind of crap. You won't find me saying that there is any other place in the world better to live in than America. My whole argument for bringing in the VAT tax was that our taxes, welfare, & other government deductions are not nearly as bad as everyone else has around the globe.

As a percentage of GDP this says our corporate taxes are REALLY low.

http://thinkprogress.org/economy/2011/07/05/260535/graph-corporate-tax-second-lowest/

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.

 

After the Republicans won control of both houses of Congress in 1994, they tried to pass a constitutional term limit amendment. They fell short of the 2/3's requirement to pass it on to the states for ratification.

Some of you must be too young to remember.

Huh? How is any of what you just said relevant to me? You won't find me whining about the government, I hate that kind of crap. You won't find me saying that there is any other place in the world better to live in than America. My whole argument for bringing in the VAT tax was that our taxes, welfare, & other government deductions are not nearly as bad as everyone else has around the globe.

 

The 'move on' was to another job, not another country. Sorry for the misunderstanding.

As for Europeans are moving to a VAT, some of you must be too young to know many European countries have had these taxes since the 1950's.

As a percentage of GDP this says our corporate taxes are REALLY low.

http://thinkprogress.org/economy/2011/07/05/260535/graph-corporate-tax-second-lowest/

Bill Clinton, who I do not believe is Republican, said this weekend that corporate tax rates are too high for us to be competitive with other countries.

 

 

http://www.politico.com/news/stories/0711/58275.html

President Bill Clinton says the nation’s corporate tax rate is “uncompetitive” and called for a lower rate as part of a “mega-deal” to raise the debt ceiling.

 

“When I was president, we raised the corporate income-tax rates on corporations that made over $10 million [a year],” the former president told the Aspen Ideas Festival on Saturday evening.

 

“It made sense when I did it. It doesn’t make sense anymore — we’ve got an uncompetitive rate. We tax at 35 percent of income, although we only take about 23 percent. So we should cut the rate to 25 percent, or whatever’s competitive, and eliminate a lot of the deductions so that we still get a fair amount, and there’s not so much variance in what the corporations pay. But how can they do that by Aug. 2?”

Part of me gets this writing. It sucks to pay taxes. As a sub in Carter County (or if you teach in Carter Co.) you get paid once per month. That kills you in taxes and retirement, and I hate getting paid like that.

 

But taxes go towards more than just welfare and things like that. Alot of that goes back into things that the public can use. Don't get me wrong it makes me sick when people abuse the systems put in place to help people out in America, but what is the alternative?

 

On the other end of the spectrum without government regulations very few of us would have much of anything. Venture back to the industrial revolution, where people like me and probably the most of this board would be working long hours for little pay. My point is that conservative fiscal policy (if you want to call it that) set the tone for America & the rest of the free world to be great places to live, but the addition of liberal fiscal policies made that world possible. Without the government having the capability to place restrictions on businesses in this country, most of us would be getting exploited because people over the history of time have proven to be greedy. Does our government take it too far now? I don't know. I do know that they do not in comparison to the rest of the free world which would make our most liberal politicians seem like Glen Beck or Bill O'Reilly. I think you need a mixture of both the left and the right in this country, and there will never be a perfect balance. I do think that anyone that cannot see the necessity of the other side's contributions to an effective capitalistic society is severely uniformed.

 

How does getting paid once per month kill you in regard to taxes and retirement?

How does getting paid once per month kill you in regard to taxes and retirement?

 

Do you not pay more in taxes if based on how frequent you get paid? I know its not suppose to matter, but I always thought it seems like it does.

Do you not pay more in taxes if based on how frequent you get paid? I know its not suppose to matter, but I always thought it seems like it does.

 

The frequency of payment does not affect the total taxes paid in a year.

Do you not pay more in taxes if based on how frequent you get paid? I know its not suppose to matter, but I always thought it seems like it does.

Probably just seems that way because it's such a big chunk all at once. I hated when we were paid twice per month much less only once per month. I will take bi-weekly any day.

The frequency of payment does not affect the total taxes paid in a year.

 

Probably just seems that way because it's such a big chunk all at once. I hated when we were paid twice per month much less only once per month. I will take bi-weekly any day.

 

May be like that guys. I could swear that I get taxed at a higher rate from Carter County, than I did when I subbed at Raceland. Maybe it was just my mind playing tricks though.

http://blog.heritage.org/2011/07/06/morning-bell-the-high-price-of-obamas-fake-jobs-scheme/