d pantz

Chicago, IL

#18683 May 5, 2013
xxxrayted wrote:
<quoted text>
There was one way to do that, and that was to vote for Mitt Romney, but the country voted the other way instead.
In Romney's economic plan, he would have eliminated the tax multinational companies pay on fund transfers. In other words, let's say that GM in China wanted to transfer funds to their US plants who were in serious trouble. In order to do that, the feds would tax them on the money that was transferred here.
If GM were to face serious financial troubles now, we would probably bail them out again instead of allowing GM to use their own money from a foreign outlet. So of course, the common sense thing to do is not transfer any money to the US.
Just about all other industrialized countries did eliminate that tax, but not the US. And we won't see any elimination of such tax until we get a real President. Throw in Commie Care, and you have all the makings for business to avoid transferring money and creating jobs in the US.
Big companies enjoy a huge buffet of credits, shelters, deductions, and other preferences that reduce their rate to an average of 13 percent. Many profitable companies pay no federal income tax at all. Regardless of our nominal rate, our real corporate tax rate is among the lowest. Further cuts cannot stimulate growth.
d pantz

Chicago, IL

#18684 May 5, 2013
xxxrayted wrote:
<quoted text>
If GM were to face serious financial troubles now, we would probably bail them out again instead of allowing GM to use their own money from a foreign outlet. So of course, the common sense thing to do is not transfer any money to the US.
use their own $??? Do you know what "bankrupt" means?
xxxrayted

Cleveland, OH

#18685 May 5, 2013
d pantz wrote:
Corporations would rather rob you at the pump and sell you crap at walmart than come here and employ us. Will enough of us keep a job here if this keeps happening? Probably not manufacturing jobs but we stopped counting the number of jobs outsourced so guess we won't know because nobody in washington really cares.
This article is a bit dated, but it basically explains outsourcing. A short and very informative read:

http://www.jewishworldreview.com/cols/william...
hey dumbass

United States

#18686 May 5, 2013
Corp tax being at 35% is amongst the highest on the planet first of all.

Set it at ZERO and offer tax amnesty to the 18 trillion outstanding untaxed dollars held offshore and corps would flock here even from China no matter what the labor cost is.
Thomas Scutillo

Aberdeen, OH

#18687 May 5, 2013
we dont use big companys to fix alan greenspans and the pro poors socioeconomic measurements....we right size it
xxxrayted

Cleveland, OH

#18688 May 5, 2013
d pantz wrote:
<quoted text> Big companies enjoy a huge buffet of credits, shelters, deductions, and other preferences that reduce their rate to an average of 13 percent. Many profitable companies pay no federal income tax at all. Regardless of our nominal rate, our real corporate tax rate is among the lowest. Further cuts cannot stimulate growth.
No, it's not about the lowest. As for your average, we can't use average because all companies and businesses are treated differently when it comes to taxation.

Some companies do pay nothing in taxes while others pay 35%. It's all a matter of who you know in Washington and what kind of industry you're in.

This is why there needs to be a flat corporation tax. No business is going to come here if (with their breaks) they are going to pay 35%.

Tax breaks do work. That's why when cities are competing for a certain company to open up or move their business to their city, the very first thing on the table is tax abatements.
Thomas Scutillo

Aberdeen, OH

#18689 May 5, 2013
transplants from over seas and all these stuck in the MAP Portrait of the USA are just more botch jobs from know it alls
Thomas Scutillo

Aberdeen, OH

#18690 May 5, 2013
to meet the populations economic needs beating up big companys and over seas transplants...... is rule of tard
Thomas Scutillo

Aberdeen, OH

#18691 May 5, 2013
THIS IS A LIE YOU PAY WELFARE AND FOOD STAMPS OR YOU PUT JOBS IN A CITY..

when cities are competing for a certain company to open up or move their business to their city,
Thomas Scutillo

Aberdeen, OH

#18692 May 5, 2013
SOME CITYS have alot of water some have none///some citys have power plants and natural gas SOME IMPORT IT....... there isnt even alot of choice where to put alot of these jobs
Thomas Scutillo

Aberdeen, OH

#18693 May 5, 2013
..........cities are competing for a certain company to open up or move their business to their city, .....ARE TARD MAYORS THAT ARE EASY TO EXPLOIT
Hampser driving a Soul

United States

#18694 May 5, 2013
The mayor of West Point Georgia, population 3, 500 must know something the big city mayors don't. KIA built a 3,000 job assembly plant there and its halo affect has produced 10,000 more jobs to boot.
Soul Drivin Hampster

United States

#18695 May 5, 2013
The mayor of Vance Alabama, polulation 1,200 must know something to get a bigass Mercedes assembly to move there.
Soul Drivin Hampster

United States

#18696 May 5, 2013
The mayor of Greer S.Carolina, population 25,000 must know something to get a bigass BMW assembly to move there.
Old Guy

New Carlisle, OH

#18697 May 5, 2013
xxxrayted wrote:
<quoted text>
Maybe when we figure that one out, we can then proceed to calculating how Mitt Romeny didn't receive one vote in districts such as here in Cuyahoga County. Sure, I can understand a majority or even a very strong majority in Democrat districts, but not one vote?????
It's the same reason, gerrymandering of the districts (along with pre-existing racial segregation) leads to precincts which are overwhelmingly minority voters:

"All the Cuyahoga County precincts in which Romney was shut out are in neighborhoods with heavily African-American or Latino populations.

An NBC/Wall Street Journal poll in August underlines the significance of that demographic. It showed Obama leading by a 2-to-1 margin among Hispanic voters and had his support at 94 percent among black voters, with zero percent favoring Romney. Six percent said they were undecided or had no opinion. None of the poll's 120 black respondents picked Romney.

An election day exit poll by NBC News found that black voters in Ohio picked Obama over Romney by 96 percent to 3 percent. That percentage matches the spread by which Obama won in Cleveland precincts east of the Cuyahoga River."

http://www.politifact.com/ohio/statements/201...
xxxrayted

Cleveland, OH

#18698 May 5, 2013
Old Guy wrote:
<quoted text>
It's the same reason, gerrymandering of the districts (along with pre-existing racial segregation) leads to precincts which are overwhelmingly minority voters:
"All the Cuyahoga County precincts in which Romney was shut out are in neighborhoods with heavily African-American or Latino populations.
An NBC/Wall Street Journal poll in August underlines the significance of that demographic. It showed Obama leading by a 2-to-1 margin among Hispanic voters and had his support at 94 percent among black voters, with zero percent favoring Romney. Six percent said they were undecided or had no opinion. None of the poll's 120 black respondents picked Romney.
An election day exit poll by NBC News found that black voters in Ohio picked Obama over Romney by 96 percent to 3 percent. That percentage matches the spread by which Obama won in Cleveland precincts east of the Cuyahoga River."
http://www.politifact.com/ohio/statements/201...
And 59 precincts in Philly?
Soul Drivin Hampster

United States

#18699 May 5, 2013
Yall know politifact is a bunch of washed up and out of work up liberal journalists who just made up a new take on reporting and called it POLITIFACT. As if reporting ACTUAL FACTS is something the modern media doesn't bother with any more.
GBA

Saint Marys, OH

#18700 May 5, 2013
xxxrayted wrote:
<quoted text>
No, it's not about the lowest. As for your average, we can't use average because all companies and businesses are treated differently when it comes to taxation.
Some companies do pay nothing in taxes while others pay 35%. It's all a matter of who you know in Washington and what kind of industry you're in.
This is why there needs to be a flat corporation tax. No business is going to come here if (with their breaks) they are going to pay 35%.
Tax breaks do work. That's why when cities are competing for a certain company to open up or move their business to their city, the very first thing on the table is tax abatements.
It's hard to have a discussion with a person of your specialized mind, but I'll try. Number one the tax code has a lot to do with why they do not want to be in older poorer structures and areas. Secondly, more established areas have many more restrictions on waste, air quality, traffic, parking, and of course security. These impediments are just the starters. Then there is the problem with getting qualified people to work. If you think the inner city and its unemployed people are even close to being qualified, you may wish to spend some quality time with the gang bangers offering them love to give up their ways. You still believe in Shangri-La and a Utopian Society. In other words you are a fool.
xxxrayted

Cleveland, OH

#18704 May 5, 2013
GBA wrote:
<quoted text>
It's hard to have a discussion with a person of your specialized mind, but I'll try. Number one the tax code has a lot to do with why they do not want to be in older poorer structures and areas. Secondly, more established areas have many more restrictions on waste, air quality, traffic, parking, and of course security. These impediments are just the starters. Then there is the problem with getting qualified people to work. If you think the inner city and its unemployed people are even close to being qualified, you may wish to spend some quality time with the gang bangers offering them love to give up their ways. You still believe in Shangri-La and a Utopian Society. In other words you are a fool.
Right. People don't drive to work so companies have to count on locals walking to the job.

Maybe you better read more stories when it comes to business plans. Trust me, here in Cleveland, we lost a lot of businesses through the years. Sure there are other factors, but taxes are number one. It's the first thing a city or town considers to attract a business. If you read stories about businesses debating their next location, you will see that consideration at the top of the story.
Pops

Cincinnati, OH

#18705 May 5, 2013
d pantz wrote:
<quoted text> use their own $??? Do you know what "bankrupt" means?
IF a company were to file for bankruptcy in U.S. federal court, it affects ONLY domestic debt & assets since the U.S. wouldn't have jurisdiction in other countries.
It can be a way for a company to shift assets off shore & protect it. Fair? Ethical? you decide.

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