Obama is "anti-business" says 3M

[Vette73]

Here is Forbes taxs paid by the top 25 companies.
Forbes is pretty right sided.

http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-washington-corporate-taxes_slide_2.html


notice that Exxon, #2, paid 47% in tax, yet NONE of it was in the US. Number 3 was Chevron that paid 8billion in taxs, only 200million of that was in the US.

Point is even right sided sites show that US corps pay little to nothing in Tax to the US yet they pay a lot more outside the US to others. Taxs now are much lowwer for Corps than even when the great Reagan was prez.

 

[PeshakJang]

That's what i was saying actually, we've moved so far off kilter that NOT giving tax money to corporations is 'anti-business'. Do you have a reading comprehension?

You obviously have the problem. You succeeded in repeating the one argument that liberals cannot stay away from when discussing taxes, that all money belongs to the government, and whenever less is taken from somebody, it is equivalent to government spending. That was literally the argument chanted day in and day out from the Democrats when discussing the tax breaks. "It's spending we can't afford!"

Also, congrats on taking out your libelous signature regarding the tax thing.

Going back in, cause you failed at understanding it the first time, failed at disproving my point, and fail for continuing to think you got one over.

 

[Engineer]

Do you have a link that shows "effective tax rate" by country? I'd like to see it if you do. Thanks.

Edit: Found one....interesting conclusion.
http://www.cato.org/pubs/tbb/tbb_1008-50.pdf

Interesting. Doesn't address the federal corporate income tax, which is what I thought we were talking about. If we are talking about all corporate taxes (sales, state, etc), then that might be the case.

 

[yllus]

And don't forget lower tax rates...especially Mexico. We essentially incent our corporations to move out of the US.

How is Germany managing to perform as well as it is if the incentive is for companies to move away from it? Lower corporate tax rates aren't always the solution (or the problem).

 

[BoberFett]

He'd have an easier time dumping toxic shit into the air and water in Mexico too.

I really don't understand why the libertarian/tea party types won't acknowledge these folks are the same type of self-serving psychopaths they rant about government being populated by.

Many libertarians do. I'm anti-mega-corporation as well as anti-government. Mega-corporations and governments are a horrible symbiotic beast that feed off each other.

 

[Imp]

It would suck to be a Canadian doctor and having to work for free... but if it attracts businesses that do not want to have to pay anything into health care.. sounds good to me.

I know, what a bunch of loser doctors we have in Canada. I know one of them, he's an ER doctor, that loser only clears $250k a year working 3 or 4 long days a week. If only he went down south and got kick-backs from drug companies.

I also know another one with a $4 million mansion, another one with a Porsche and BMW SUV with 2 kids and a homemaker wife, my own family doctor has two practices and doesn't seem to have trouble paying anything off.

 

[BoberFett]

That's what i was saying actually, we've moved so far off kilter that NOT giving tax money to corporations is 'anti-business'. Do you have a reading comprehension?

Giving money to corporations is bad? Just a couple years ago you Democrats were calling that "stimulus" and saying that we were required to do it. Make up your minds.

 

[Phokus]

You obviously have the problem. You succeeded in repeating the one argument that liberals cannot stay away from when discussing taxes, that all money belongs to the government, and whenever less is taken from somebody, it is equivalent to government spending. That was literally the argument chanted day in and day out from the Democrats when discussing the tax breaks. "It's spending we can't afford!"

Where's your outrage at bailouts? Oh that's right, the rich DESERVE it.

Going back in, cause you failed at understanding it the first time, failed at disproving my point, and fail for continuing to think you got one over.

You don't seem to understand that the author of that report disagrees with you (as well as her colleague at Berkeley. You disprove yourself. You're just butthurt that i proved you wrong and you had at least a bit of shame (albeit temporarily) that you were libeling someone's work.

 

[ayabe]

Lower wages in Mexico and doesn't have to pay healthcare in Canada.

I don't consider any company talking about moving to Mexico as credible in any sense of the word, it's a narco civil war down there, surely he jests.

As for HC - yeah I can see that argument - glad to see a big CEO arguing in favor in single payer here in the US, that's what he's implying - right?

 

[Phokus]

Giving money to corporations is bad? Just a couple years ago you Democrats were calling that "stimulus" and saying that we were required to do it. Make up your minds.

Of course it's bad. In fact, i'd say it's worse than a particular shithead libertarian who's purposely living off unemployment in order to 'prove a point'. But Wall Street has leverage (as in, if you don't give it to them, they take the economy with them). That's why we need regulations in place so it DOESN'T happen.

 

[shortylickens]

Yeah Mexico has a great business climate.

Well, they keep getting all our factory jobs and they send millions of people up here for any jobs we cant possibly outsource. From a business standpoint the mexican worker is more motivated than the average american.

 

[Doc Savage Fan]

How is Germany managing to perform as well as it is if the incentive is for companies to move away from it? Lower corporate tax rates aren't always the solution.

That's a damn good question...Germany seems to be an anomaly for some reason.

 

[Engineer]

That's a damn good question...Germany seems to be an anomaly for some reason.

I don't know but maybe it's the idea that the majority of their economy is making stuff and selling it (i.e. positive cash flow from selling more than they are buying). I could be wrong though...wouldn't be the first time.

 

[Phokus]

That's a damn good question...Germany seems to be an anomaly for some reason.

Good regulation. Did you miss the Germany thread?

http://forums.anandtech.com/showthread.php?t=2144515

 

[Doc Savage Fan]

I know, what a bunch of loser doctors we have in Canada. I know one of them, he's an ER doctor, that loser only clears $250k a year working 3 or 4 long days a week. If only he went down south and got kick-backs from drug companies.

I also know another one with a $4 million mansion, another one with a Porsche and BMW SUV with 2 kids and a homemaker wife, my own family doctor has two practices and doesn't seem to have trouble paying anything off.

One of my daughters is an ER doctor in Minneapolis...takes in the paltry sum of $51k a year and works 80 hours a week to boot. Residency sucks.

Maybe she should move to Canada.

 

[PeshakJang]

Here is Forbes taxs paid by the top 25 companies.
Forbes is pretty right sided.

http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-washington-corporate-taxes_slide_2.html


notice that Exxon, #2, paid 47% in tax, yet NONE of it was in the US. Number 3 was Chevron that paid 8billion in taxs, only 200million of that was in the US.

Point is even right sided sites show that US corps pay little to nothing in Tax to the US yet they pay a lot more outside the US to others. Taxs now are much lowwer for Corps than even when the great Reagan was prez.

You are confusing "reported" with "paid". The tax figures reported by corporations on annual reports rarely reflect reality in terms of how much is paid in taxes.

Aside from that, Exxon also pays sales-based and "other" taxes, which are both reported as each being significantly larger than income taxes.

 

[Patranus]

Even with a 30% corporate income tax rate in India, it is still cheaper for me to hire people there.

You can't just look at the base corporate income tax rates to determine if a country is better for business.

 

[Vette73]

Giving money to corporations is bad? Just a couple years ago you Democrats were calling that "stimulus" and saying that we were required to do it. Make up your minds.

I guessed you missed that part when a lot of Dems stayed home in the last election and R's got the majoirty back in the house and R's should have got the senate as well but they put nuts up like Angle so they lost that themself.

 

[Engineer]

Even with a 30% corporate income tax rate in India, it is still cheaper for me to hire people there.

You can't just look at the base corporate income tax rates to determine if a country is better for business.

I've said it many times....you could take the US tax rate to ZERO and it would still be cheaper to pay a buck or two per day to India/China labor vs the $20+ (benefits included) to make it here. As long as our currencies are out of line and their overall labor is cheaper, it's a no win situation in the long run for the US (short term winner for the rich as they offshore the labor, get bigger profits on the backs of people using credit to continue to buy stuff - drying up now though).

 

[Thump553]

Well, they keep getting all our factory jobs and they send millions of people up here for any jobs we cant possibly outsource. From a business standpoint the mexican worker is more motivated than the average american.

My (veiled) reference was to their widespread kidnapping and murders, not to mention the corruption. You'd have to be crazy to sink a couple hundred million in a factory there under current conditions-tax rates are pretty irrelevant if you can't produce (or survive).

 

[umbrella39]

...this guy clearly knows what's up.

And as usual, you haven't a clue especially when the topic is business. Keep bowing.

 

[BoberFett]

I guessed you missed that part when a lot of Dems stayed home in the last election and R's got the majoirty back in the house and R's should have got the senate as well but they put nuts up like Angle so they lost that themself.

All of which has nothing to do with what I said.

 

[shortylickens]

My (veiled) reference was to their widespread kidnapping and murders, not to mention the corruption. You'd have to be crazy to sink a couple hundred million in a factory there under current conditions-tax rates are pretty irrelevant if you can't produce (or survive).

Isnt Ford down there now?

 

[Vette73]

All of which has nothing to do with what I said.

Yea it does. Many in the Dem party disagreed with who was representing them and many of those are not there anymore.

Pretty simple to see that connection.

 

[Engineer]

Isnt Ford down there now?

Ford Fusion (yes). Chevy and Chrysler make a few cars there too...but not in the border towns, more deep inside Mexico.