Food Stamp/Entitlement reform in exchange for corporate tax reform?

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true entitlement reform

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what kind?

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Taking away the tax havens and shelters corporate entities use to pay far less taxes in exchange for true entitlement reform and teeth to prosecute those who abuse and defraud those entitlement programs. Would you make that deal?

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Tell me an example of a tax haven or shelter you wish to eliminate?

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true entitlement reform

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ok

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Tell me an example of a tax haven or shelter you wish to eliminate?

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remember the stuff with apple awhile back? thank kind of thing.

here's a link to refresh your memory.

LINK

Any real entitlement reform would likely have to involve a stricter oversight of the existing programs, which would cause FedGov to hire more employees, who would have their salaries and benefits paid for with taxes. It's an egg shell game.

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Taking away the tax havens and shelters corporate entities use to pay far less taxes in exchange for true entitlement reform and teeth to prosecute those who abuse and defraud those entitlement programs. Would you make that deal?


Tell me an example of a tax haven or shelter you wish to eliminate?

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I think most people assume there are huge tax havens and shelters but they can not explain them.

Other than subsidies like the film tax credits offered by Louisiana there are very real tax shelters.

Most things called tax shelters, and tax havens are simply tax timing vehicles--not tax avoidance vehicles.

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Tell me an example of a tax haven or shelter you wish to eliminate?


remember the stuff with apple awhile back? thank kind of thing.

here's a link to refresh your memory.

LINK

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If you recall the explanation for those subsidiaries were to protect foreign earnings of Apple THAT SHOULD NOT be taxed by the US today anyway.

That was a change in the tax code I think made under Clinton or Bush. The thinking was that by taxing the foreign income of US corporations jobs would remain in the US. That crap backfired--the corporations simply did not bring the earnings home to be taxed.

There is over $1 trillion in cash on the balance sheets of US corporations that remains off shore as it would be taxed if brought back to the US.

What gives the US the right to tax income generated in other countries??

We should be happy companies like Apple that could easily move remain here.

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as a liberal i'm not interested in assisting people to game the system. i recognize the free rider problem and also concede not enough is done to prevent that kind of abuse. I tend to think that if that was cut off that would at as a natural "cut" in the program.

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I'm talking about cuts to the 1980's enrollment levels (50%)

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just to make it a little simpler, how about we call it a major simplification of the tax code for both people and companies?

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Great on US earnings. I favor a flat tax on income or a national sales tax.

There should not be a mortgage deduction either.

Let me try this a different way.

What would you want in return for drug testing on Welfare, no cash allowances from EBT. removal of the earned income tax credit, maximum benefit lifetime limits or some sort of limit in the lifetime welfare culture... just to name a few.