Well we can be quite sure they won't pay the highest rate when there is an alternative. Might not move either if the difference is not so grand.
Nobody scrambling to take those empty Mexican labor jobs after deporting the workforce? American kids don't want to pick lettuce in the valley? Shocking?
No I did. I just find it funny how he railed on it being inaccurate, but now all the sudden when the numbers benefit his cause, he acts like it's 100% legit.
You might want to consider (since you are concerned about offshoring) the effect of eliminating corporate tax on foreign income, which is part of this bill. Do you think that will make offshoring less likely, or more likely? Hmm? barfo
Isn't this intended to allow this money to be returned to the US for investment here. A huge sum of money I hear. I also think it is temporary to suck this cash back quickly. But... I don't know for sure, do you? I even hear most Democrats favor this tactic, but not enough to vote for the bill. If it works, 3 4 trillion go to work! Damn! That make start a boom! How will the Dems explain voting no on that one?
Not for sure, because I haven't read the bill. But reports are that it is permanent. You are unfortunately incorrect about the results of doing this. What it will do is encourage foreign operations, because they'll be even cheaper now. The boom will be overseas. Shareholders in those corporations will benefit, american workers will not. No one will claim the US tax code isn't a horrible mess. Sadly this bill just makes it much worse. barfo
We shall see barf. It sure seems to me, returning a hugh pile of money, in the trillions, to the US economy will generate new activity. The Dems even agree on this point! I note you do not.
And it still is, will be. The Republicans or a large number of them are gutlless to make moves unless they can count a new voter. Then we have the McCain types, not a Republican but what the hell is he?
It's just false. A huge pile of money will not be "returned" to the US economy. Largely, it's already here. This does not create an incentive to literally move money from foreign countries to US banks and then spend it here. It does allow the money to be used for stock buybacks and dividends, which is where the majority that changes hands (much of it will not) will go. And no, I don't think the Dems agree with you. barfo
Good to know that someone, somewhere still believes in unicorns and rainbows. This country needs a little optimism, regardless of how ungrounded it is in reality......the only place that off shore money is going (if anywhere) is into executive salaries and shareholder pockets
Well, on the other hand, leaving it as it is will do nothing for damn sure. Like I said, we shall see, because it will happen soon.
Ah, the siren song of "I just want change, I don't care whether it's good or bad". When you get a bit older and you actually have something to lose you'll rethink this position. barfo
Like I said, we shall see. My own experience in my own small way says it makes a big deal. I sold a small farm in Canada in the early 90s, did not have to pay income tax on the profit as it was taxed in Canada and It was while I lived there. I reinvested the every bit of it in the US since I did not want to do it again in Canada. Rather fortunate the way if all went down. Bought the farm with Canadian dollars purchase at a low exchange rate. Sold the farm at a very small loss in Canadian dollars which converted to US dollars in at a high exchange rate resulting in about 25% profit in US dollars over all. But all tax free! Loss Taxed in Canada, actual profit realized not taxed in US. Pretty sweet. ( I may not have this remember correctly, it's just what I remember) Yes, I think some good will come of repatriating this money. Not a damn thing will happen if we do not.
