re: NY basically admitting that low taxes create job opportunities..

No problem.

Did you laugh or cry after watching it?

Mississippi will give you $50 million dollars to come to the state.

We still can't get annnybody.

quote:

---

Business taxes take money away from businesses that will use it well and throw the money into the Sarlacc Pit of government waste.

Everyone knows it is true.

People just have varying degrees of honesty when their core beliefs are challenged even when faced with reality.

---

Everyone also knew that the world was flat at one time and what do you know? They were WRONG!!!!

But just for shits and giggles why don't you explain why the money goes into the "sarlacc pit" where it does nothing at all but forces the poor put upon tax payer to have to work harder so more of his wealth is stripped away from him?

This is the problem....you have to believe in fantasy worlds to buy this shite. There is no "sarlacc pit"....it is make believe. So is the vacuum where tax dollars disappear out of the economy. Yes, the business that pays the tax would use the money to do whatever they chose but when it is remitted in the form of taxes it does not vanish. The only true effect, at current and even much higher levels, is psychological....it pisses folks off (at least some folks, most people understand it is a cost of doing business just like paying for lights and water).

If lower taxes created more jobs why aren't we swimming in jobs? Taxes are pretty low across the board when compared to past periods of much higher rates of employment.

Everyone may know this is true but they only know it at an anecdotal level....they have no facts to support their argument.

quote:

---

If lower taxes created more jobs why aren't we swimming in jobs? Taxes are pretty low across the board when compared to past periods of much higher rates of employment.

---

Because taxes aren't low. So you are wrong there.

Then there are other regulations that also take away from a company's ability to produce and hire. This is the least business friendly administration in my lifetime (unless of course you are a big bank or a fortune 50 company)

And if I'm understanding you correctly, all of the government spending in your world is completely necessary, and none of it is waste, expendable, or discretionary?

That's genius, really. NY has plenty of economic dynamism and the companies there probably are loathe to leave for any number of reasons, which likely allows the government to stick it to the established businesses on taxes. Problem, though: it may be hard to leave NY, with all of its advantages, even if taxes are killing you, but if you're just starting a business, you can start it pretty much anywhere. So, NY offers the entrepreneurs a 10 year freebie to get going and will then hope the ones that succeed - most will fail - get too ingrained to want to leave once the tax bills come due. Sort of a drug pusher's logic, but it makes sense!

quote:

---

We have the highest corporate income tax rates IN THE WORLD.

---

I know that ya'll love to tout this little nugget as the prime example of how corporate America is being held hostage to the source of communists in Washington, and it would make sense if only it were true. Of course it is not. Yes, the statutory corporate tax rate in the US is higher than it is in all developed nations. So you have a grain a truth in this claim. The problem is that the statutory rate is the rate that profits are taxes at AFTER all the deductions, shelters and loop holes have been taken. In 2012 the effective corporate tax rate in the US was 12%....this is the actual amount that corporations around the country remitted to the IRS and this amount is based on the total profits of corporations. This 12% effective rate is lower than just about any developed nation (or undeveloped for that) on earth, so the effective corporate tax rate is not higher than it is in the rest of the world and is not a job killer that ya'll would believe it is.

But lets look at this further. Lets say that all loop holes, deductions, and other forms of loop holes (for lack of a better term) were closed and every corporation was paying the top satutory rate (35% ?). Why is it that all the GOP ever pushes for is more income tax breaks? Why not tackle the corporate tax structure in earnest? Obviously if there is a 23% or more difference in the top rate and the actual rate that corporations are paying there is probably some room for tightening up on loop holes. I am no expert but if you can trim that rate down by 23% through manipulation and careful planning it seems like it would be much more cost effective to simplify the entire system....but of course that would not leave any room for lobbying for special interest and favors and that is never going to happen....if you think it is your living in a fantasy world where the free market will prevent chemical companies from setting rivers on fire.....

quote:

---

Because taxes aren't low. So you are wrong there.

---

they are, in historical terms

quote:

---

Then there are other regulations that also take away from a company's ability to produce and hire. This is the least business friendly administration in my lifetime (unless of course you are a big bank or a fortune 50 company)

---

Please name a few....

quote:

---

And if I'm understanding you correctly, all of the government spending in your world is completely necessary, and none of it is waste, expendable, or discretionary?

---

Not no but hell no. I know full well that we could cut spending dramatically by implementing common sense ideas and refusing to be a "Global Force For Good" (this is the Navy's current corporate slogan). The thing is we are bankrupting ourselves by giving away the farm to people in other nations....if it weren't for our excessive military spending there would be no competion from foreign manufacturers and our statutory corporate tax rate would be a fraction of the rest of the worlds because they would have to foot the bill for that spending. SInce this the path we have chosen I don't see why we don't hasten our trip by spending as much as possible on social programs. I like the idea of US Tax $ helping US Citizens more than German and Japanese citizens. I know this makes me a liberal and a scoundrel and an idiot but if we going down in a blaze of glory so we can make certain Toyota has a safe world wide market place for their products then lts do so with the relative safety that our social spending provides the middle and upper class.

quote:

---

Yeah every time the democrats threaten to simplify the tax code, GOPers are always threatening to shut down the govt....

Really how did you twist the previous years debates to blame the tax code solely on the GOP? Drugs?

---

I never did any such thing. When did the GOP try to simplify the tax code and were thwarted by the Democrats? I will gurantee you it didn't happen....there may have been times when the GOP called it simplification when it was nothing more than another tax cut but the GOP no more wants the tax code to be simplified than they want Roe V Wade overturned or the Democrats want right to work laws to go away entirely

They are only talking about one kind of tax, it's not like the other ones went away. So there's that. Then there are our over regulated industries that make it more attractive to hire outside America than inside.... So there's that too.