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Home🌌Off Topics🌌Off Topics News & Politics › Morning Bell: The Highest Taxes in the World
04-02-2012 06:48 PM  9 years ago
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Dennis (RIP)

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Morning Bell: The Highest Taxes in the World
Morning Bell: The Highest Taxes in the World

Mike Brownfield April 2, 2012

There aren’t many American-owned companies more iconic than Anheuser-Busch, the famous producer of Budweiser beer based in St. Louis, Missouri. That was true up until 2008, when the Brazilian-Belgian company InBev executed a hostile takeover of the historic brewer, leading to layoffs of more than 1,800 workers. Unfortunately, conditions in the United States are growing ripe for even more takeovers like these to occur, especially now that the nation’s corporate tax rate is officially the highest in the world.

As of yesterday, the U.S. corporate tax rate of 39.2 percent claimed the world’s top spot, edging out Japan which recently lowered its rate from 39.5 percent to 36.8 percent. (The U.S. rate includes the 35 percent federal rate plus the average rate the states add on.) That’s well above the 25 percent average of other developed nations. Heritage’s Curtis Dubay explains the impact on companies based in the United States:

This gaping disparity means every other country that we compete with for new investment is better situated to land that new investment and the jobs that come with it, because the after-tax return from that investment promises to be higher in those lower-taxed nations.

Our high rate also makes our businesses prime targets for takeovers by businesses headquartered in foreign countries, because their worldwide profits are no longer subject to the highest-in-the-world U.S. corporate tax rate. Until Congress cuts the rate, more and more iconic U.S. businesses such as Anheuser-Busch will be bought by their foreign competitors.

Unfortunately, in the face of this tax rate, the Obama Administration is proposing measures that will make matters even worse for U.S. companies. Last week, Vice President Joe Biden proposed a “global minimum tax” in a wrongheaded effort to encourage companies to invest in the United States instead of overseas. Just like the rest of President Obama’s corporate tax policy, it will just make matters worse — punishing firms that seek new opportunities in growing markets by taxing their earnings in those developing markets even more heavily than they’re already taxed. The net result will be to make it even more likely that the companies’ assets would go up for sale to overseas firms in order to escape the Obama tax penalty. Unfortunately, America’s workers pay the price for this destructive tax policy. Heritage’s J.D. Foster explains why:

Economists and policymakers increasingly understand that while the tax is paid almost exclusively out of profits that would otherwise go to the shareholders, the true economic burden falls primarily on workers.

The reason is simply that the higher the effective corporate tax burden, the higher the hurdle rate on corporate investment. (The hurdle rate is the minimum rate a business must earn on investment to make the investment.) The higher the hurdle rate, the less investment takes place. The less investment takes place, the slower labor productivity grows, and the slower labor productivity grows, the slower wages grow.

Congress should act now to help make America more competitive on the global stage, and it can do so by reducing the corporate tax rate to match or preferably fall below the international average. The U.S. economy is struggling to recover from the global recession, and by lifting the burden of record-high corporate tax rates, Congress can give American companies incentive to grow and expand here at home. If not, the American people can expect to see more companies like Anheuser-Busch bought up by international competitors — and the jobs will go right along with them.

http://blog.heritage.org/2012/04/02...=Morning%2BBell
Liberty once lost, is lost forever.
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04-02-2012 11:55 PM  9 years ago
PBusch

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Come on Dennis, paying taxes is your civil duty as American, its what you were put on this earth to do and is your sole purpose in life. The more you pay the better things will be. You can blame all the evils in this world on the people that don't pay their fair share and on those who don't vote for tax increases.

Paying more tax will fix everything, its just that simple and I don't know why you can't see that considering its what were told on a daily basis by our fearless leader Obummer. Money, cough cough, other peoples money is what fixes everything.
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04-03-2012 12:19 AM  9 years ago
Jerry K

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Just remember one thing. Corporations don't pay taxes, people pay taxes!!!
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04-03-2012 01:14 AM  9 years ago
1800bigk

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39.5 is just the federal tax rate they still have to pay state and local taxes too and for each building the own they pay a ton of property taxes too.
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04-03-2012 03:08 AM  9 years ago
baby uh1

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At least part of that tax comes right out of the workers pockets! Here is how it works where I work. At the end of the fiscal year they look at the year that we just finished. They then figure out how much return on investment they can give the owners and how much we have for raises and bonuses. Like the article says they have to give the owners a minimum amount so that they don't take their money and invest in something else, like a McDonalds!
Then they split the remaining money between the buisness it's self for growth and the workers. This is after the government takes their unfair share first, of course!
We keep going by offering a very high quality product with short lead times at a fair price but every year we have to compete with India and China for buisness and even though they manufacture crap we still lose buisness to them. So the government stealing and wasting a large share of our profits makes the pie we are all sharing too small for us all to do really well.
Anything is possible if you don't know what you are talking about!
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04-03-2012 03:32 AM  9 years ago
nitro fun

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its a no brainer for any company why do you think they left...

39%, plus state taxes, electricity, property, gas, unions.....

or

china 25% and slave labour that don`t complain,. as the communist has trained them..
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04-03-2012 04:02 AM  9 years ago
Jerry K

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china 25% and slave labour that don`t complain,. as the communist has trained them..
Thats what Apple thought, now they are being investigated for their workers, working over 60 hours a week.

I wish I could ONLY work 60 hours a week.
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04-03-2012 04:03 AM  9 years ago
PBusch

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39.5 is just the federal tax rate they still have to pay state and local taxes too and for each building the own they pay a ton of property taxes too.
True but keep in mind they have to raise their prices to pay these taxes which basically means WE are paying them. This is where the democratic voters have no clue, their all for screwing the big guy but in the end the little guys are the ones getting screwed.
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04-03-2012 04:38 AM  9 years ago
GREYEAGLE

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It's Better than THAT !!!!

The going scale wage {Yen} converted : Is either $1.78 per week or $1.78 per hour. Hard to believe they would pay 100.00 per week but maybe???

Get to live in Factory Dormitories with Bunk Bed Racked to the ceiling's
and all meal's provided w/ uniforms and Laundry

Fun Part Housing is surrounded by net's to catch the few that take a jump.

Employment is pretty good - Every morning outside the Factory gated perimeter - their is normally a pretty good crowd waiting for the opportunity to work - they travel from across the nation to get the job's.

Apple is a good Stock to have if you bought it early - Great Profit margin's.

Don't think their Union either or have a Right to work Law
china 25% and slave labour that don`t complain,. as the communist has trained them..
Thats what Apple thought, now they are being investigated for their workers, working over 60 hours a week.
greyeagle
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04-03-2012 02:17 PM  9 years ago
SSN Pru

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You can blame all the evils in this world on the people that don't pay their fair share
exactly. Like the 50% of Americans who don't pay ANY TAXES. How is that paying their fair share?
Stupidity can be cured. Ignorance is for life!
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04-03-2012 03:39 PM  9 years ago
Dennis (RIP)

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Liberty once lost, is lost forever.
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04-03-2012 04:54 PM  9 years ago
shawmcky

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Dont be so impatient,as soon as your wages get down to Asian levels and the work ethic matches,you watch all those outsourced jobs and corporations come flooding backTeam- unbiased opinion.K.I.S.S principle upheld here
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04-04-2012 01:18 AM  9 years ago
GREYEAGLE

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Ah Heck - We be working on it ! Hyper Inflation - No Problem / Be Happy !

Ever read the instruction's and rules to the game of Monopoly ???

What is it the Banker is allowed too do if he runn's out of money???

It's pretty Cool and makes absolute sense

We have been playing for many decades with Monopoly money !

{ Please some one print the Banker's Rules " }

Our Country presently is Billion's and Billion's and more Billion's in Debt $$$ to OTHER Country's - Japan alone we are in Debt $18 BILLION you should see the other's we owe !!! Japan is a Island

We should be making the loan's -- as the most prosperous free county in the world and not taking them from others!

What a GOOD DEal

Wasn't too long ago they started Clipping the Coinage - They haven't figured yet a good substitute for copper in the penny yet The ROMAN"s invented it

Easy way to put it in perspective : .40 cent's on EVERY dollar $1.00

Is only being applied to the INTEREST on the borrowed money we owe other nation's Not the Principal -------

Knowing that : Then think about the compounding interest

Just keep printing it : Fill your wheel Borrow FULL --leave it in Front of the Store - When you come out you will find your money neatly stacked -- but some body stole the wheel barrow
greyeagle
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04-04-2012 02:14 AM  9 years ago
smokey

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THE BANK

Besides the Bank's money, the Bank holds the Title Deeds, and the houses and hotels prior to purchase by the players. The Bank pays salaries and bonuses. It sells and auctions properties and hands out the proper Title Deed cards when purchased by a player, it also sells houses and hotels to the players and loans money when required on mortgages.
The Bank collects all taxes, fines, loans and interest, and the price of all properties which it sells and auctions. The Bank "never goes broke." If the Bank runs out of money, the Banker may issue as much as needed by writing on any ordinary paper.
You asked for them
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04-04-2012 02:18 AM  9 years ago
GREYEAGLE

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U'mmm Good Smoke !!
Very GOOD Smoke / Smoke

Now : Hand me that yellow LEGAL pad & we make it all legal

How Much Ya Want ??? to buy your way out of Debt ???

greyeagle
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04-04-2012 03:12 AM  9 years ago
baby uh1

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You have to understand that to a socialist like Obama the only fair tax is one hundred percent of what everyone makes!
Then he can decide who gets what!
Anything is possible if you don't know what you are talking about!
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04-04-2012 03:40 AM  9 years ago
pctomlin

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Texas

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Just remember one thing. Corporations don't pay taxes, people pay taxes!!!
Jerry, you sound a little bit like Odumbo with that statement. Need to do a little bit of homework on that so you can have your facts straight. Remember just the other day when our buddy said that companies like Exxon are raping the American public and need to be taxed more because they don't pay their fair share. Remember the statement that Exxon makes $4.7m per hour, Odumbo left out the part that Exxon pays $12.5m per hour in taxes, just a little oversight on his part. Oh well, he is a very smart and articulate man according to his vice president.
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04-04-2012 03:46 AM  9 years ago
Dennis (RIP)

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The Obummer is just trying to change the direction of the conversation to get his failures off his back:



He can run. But, he cannot hide.
Liberty once lost, is lost forever.
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04-04-2012 04:13 AM  9 years ago
Dennis (RIP)

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Liberty once lost, is lost forever.
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04-04-2012 05:20 AM  9 years ago
GREYEAGLE

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The Difference between the OTHER Non -Democratic Nation's and THE U.S.A.
The Government of OUR Country which collect's the :

Fee's / Tariff's / Licenses / Permit's / Stamp's and Taxes along with what ever else they can reName it $$

Produces Absolutely Nothing Physical nor Manufactures ANyTHING for the Fee's they collect -

Very Much {Unlike} the other Socialistic Societies: In which the GOVERNMENT has the Manufacturing or Control's Production of everything.

Right down to the amount of children you are allowed. It is a very well oiled and planned to a T - forecast structure and they are excellent at it.

Our Government does How ever provide Favor / Service and Benefit's ! - which "now" exceeds the income from those they collected it from.

: We are Not just trillion's in Debt 17 -18 on the interest, we are Hundred's of Billion's upon Billion's in Debt " maybe trillion's" on the borrowed Principal to other Nation's.

Where is Berni - Ponzie - Made -off - when you need him ??? ???

Just How or Why are we in Debt ?? Especially to OTHER Nation's ??? Who ??? Took the Porridge ????

Spending money thru a Fire HOSE !

View the Life Styles' of the citizen's of the Non - Democratic Socialist Nation's. They also collect Fee's, Tariff's, and Taxes from the worker along with currency manipulation. ??

What Favor and Benefit's do they provide ??? To the Citizen ???

0 =.000X10/100.0

What do THEY manufacture ??? Tonnages of it ! Average industrial growth 18%
and we purchase it = .10cent's on the dollar.

They do Not have : Liberty / Freedom / or True Democracy over their lives.

Some are Dry / Some have Heat / Some have Bed's / Some Eat

Very Slipper Slope - Indeed ;

Look out for a Government Centered Society

Note: Rib Eyes $16.00 a Lb. Milk 3.89 " Inflation ????
greyeagle
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