Would you be okay with 0% corporate tax rate if..

[RustyRanchero]

Would you get behind 0% corporate tax rate if it meant the end of super pac money and a hardline 10% cut to the defense budget? Also, $10 or $0 minimum wage allowed at the state level. One or the other.

Off the top of my head, Apple has roughly $175B in cash offshore. Combine that with all the other overseas cash and I'm sure it's close to a $Trillion. Bring that money back tax free and watch it go to work in the US. More investment in people, PPE, and innovation. I imagine would also see foreign direct investment as well.

Off set would be an immeadiate 10% cut to the defense budget. I'd also like to see SS get pushed out to 65-68 respectively.

[popup_menace]

Wrong forum. There is a political one on this site for this kind of debate.

[flywise]

No

[flatlander]

Bad news, corporations don't pay taxes. Raise it or lower it as much as you want, the only group it hurts is the consumer. The corporation will adjust prices to cover taxes, up or down.

You are right that decreasing it would help, and go to zero tax on profits made on items manufactured here.

[flywise]

Would you get behind 0% corporate tax rate if it meant the end of super pac money and a hardline 10% cut to the defense budget? Also, $10 or $0 minimum wage allowed at the state level. One or the other.

Off the top of my head, Apple has roughly $175B in cash offshore. Combine that with all the other overseas cash and I'm sure it's close to a $Trillion. Bring that money back tax free and watch it go to work in the US. More investment in people, PPE, and innovation. I imagine would also see foreign direct investment as well.

Off set would be an immeadiate 10% cut to the defense budget. I'd also like to see SS get pushed out to 65-68 respectively.

I replied no because super pac's are people and to end them would be to limit free speech. Also, i believe many other social programs need a 10-100% cut before the military takes any more cuts
I do believe the minimum wage should be gone
As for SS...it should disappear over the next 25 years as well

[Bill]

I fail to see the relationship between corporate taxation rate, defense spending, Super PACs and minimum wage.

Agree with comment it's not the right forum if it gets into a spirited debate.

[curtintex]

Bad news, corporations don't pay taxes. Raise it or lower it as much as you want, the only group it hurts is the consumer. The corporation will adjust prices to cover taxes, up or down.

What!!!!? Corporations don't pay taxes? How about 1/3 of my profits that could be used to grow business, buy equipment, expand markets, hire more people or provide better bonuses for employees? In a competitive market corporations cannot arbitrarily adjust their prices to cover taxes. Not if they want to have a business next year. Corporate taxes, on a small business at least, hurt the business, its owners and its employees. I see it and feel it every year and work harder to make the sting of writing that check not feel like a kick to the nuts. The more our business grows, the bigger my check to Uncle Sam and the more I'd have been able to use to provide more jobs.

Now, that being said, I don't mind paying taxes, but seeing as how half this country pays none I might be a little jaded in my opinions. You tax businesses to death and that's what you get.....dead businesses.

[hopedale]

What!!!!? Corporations don't pay taxes? How about 1/3 of my profits that could be used to grow business, buy equipment, expand markets, hire more people or provide better bonuses for employees? In a competitive market corporations cannot arbitrarily adjust their prices to cover taxes. Not if they want to have a business next year. Corporate taxes, on a small business at least, hurt the business, its owners and its employees. I see it and feel it every year and work harder to make the sting of writing that check not feel like a kick to the nuts. The more our business grows, the bigger my check to Uncle Sam and the more I'd have been able to use to provide more jobs.

Now, that being said, I don't mind paying taxes, but seeing as how half this country pays none I might be a little jaded in my opinions. You tax businesses to death and that's what you get.....dead businesses.

Let's do a 25% cut across the board in federal spending and a flat tax pay as you go system?



This will never happen because, we the voting public, keep sending the incumbents back.

[dustoffer]

Bad news, corporations don't pay taxes. Raise it or lower it as much as you want, the only group it hurts is the consumer. The corporation will adjust prices to cover taxes, up or down.

You are right that decreasing it would help, and go to zero tax on profits made on items manufactured here.

You got it--and cutting the defense budget with the terrorism fight is going in the wrong direction. If you want to cut, cut foreign aid to countries who are not our friends/allies and cut welfare spending.

[Charles]

What!!!!? Corporations don't pay taxes? How about 1/3 of my profits that could be used to grow business, buy equipment, expand markets, hire more people or provide better bonuses for employees? In a competitive market corporations cannot arbitrarily adjust their prices to cover taxes. Not if they want to have a business next year. Corporate taxes, on a small business at least, hurt the business, its owners and its employees. I see it and feel it every year and work harder to make the sting of writing that check not feel like a kick to the nuts. The more our business grows, the bigger my check to Uncle Sam and the more I'd have been able to use to provide more jobs.

Now, that being said, I don't mind paying taxes, but seeing as how half this country pays none I might be a little jaded in my opinions. You tax businesses to death and that's what you get.....dead businesses.

Bingo.

Picked up my corporate tax return from my bean counter this morning...

Y'all quit bitching and griping about taxes. Millions of freeloaders are counting on you

[junkmanhunter]

What!!!!? Corporations don't pay taxes? How about 1/3 of my profits that could be used to grow business, buy equipment, expand markets, hire more people or provide better bonuses for employees? In a competitive market corporations cannot arbitrarily adjust their prices to cover taxes. Not if they want to have a business next year. Corporate taxes, on a small business at least, hurt the business, its owners and its employees. I see it and feel it every year and work harder to make the sting of writing that check not feel like a kick to the nuts. The more our business grows, the bigger my check to Uncle Sam and the more I'd have been able to use to provide more jobs.

Now, that being said, I don't mind paying taxes, but seeing as how half this country pays none I might be a little jaded in my opinions. You tax businesses to death and that's what you get.....dead businesses.

Very well said. I pay quarterly and it is depressing. Then when the yearly insurance audit comes along and they feel you didn't pay enough to cover your receipts so they hit you with an increase.
I'm happy to pay my share, but I dang sure don't like the fact it goes to social programs and to people who don't deserve or need it...

Better stop now before I get this thread whacked

[mmoses]

Flat tax and stop borrowing money from other countries to send to other countries.....


That sounds so stupid typing. There is way anyone would do that........

[RiverRat1]

What!!!!? Corporations don't pay taxes? How about 1/3 of my profits that could be used to grow business, buy equipment, expand markets, hire more people or provide better bonuses for employees? In a competitive market corporations cannot arbitrarily adjust their prices to cover taxes. Not if they want to have a business next year. Corporate taxes, on a small business at least, hurt the business, its owners and its employees. I see it and feel it every year and work harder to make the sting of writing that check not feel like a kick to the nuts. The more our business grows, the bigger my check to Uncle Sam and the more I'd have been able to use to provide more jobs.

Now, that being said, I don't mind paying taxes, but seeing as how half this country pays none I might be a little jaded in my opinions. You tax businesses to death and that's what you get.....dead businesses.

I need your CPA. I wish mine was only 1/3rd More like 50% once you add in Texas franchise fee, county property tax, and about 10 other BS taxes.

[flatlander]

What!!!!? Corporations don't pay taxes? How about 1/3 of my profits that could be used to grow business, buy equipment, expand markets, hire more people or provide better bonuses for employees? In a competitive market corporations cannot arbitrarily adjust their prices to cover taxes. Not if they want to have a business next year. Corporate taxes, on a small business at least, hurt the business, its owners and its employees. I see it and feel it every year and work harder to make the sting of writing that check not feel like a kick to the nuts. The more our business grows, the bigger my check to Uncle Sam and the more I'd have been able to use to provide more jobs.

Now, that being said, I don't mind paying taxes, but seeing as how half this country pays none I might be a little jaded in my opinions. You tax businesses to death and that's what you get.....dead businesses.

We are both right, I should have been more specific. Corporations don't pay 'income tax'. They get taxed aplenty, but the income tax all falls on me as the owner, and as an owner I've written some of the 'kicked in the g-nads' type checks at the end of a good year that you are taking about. The check I wrote for income taxes at the end of my second year in business was for more than I made in salary/commission at the cushy corporate sales job I had before I opened this store.

The taxes corporations do pay could do SO MUCH to jump start our economy right now. The first thing I'd do with a tax cut is hire people and buy inventory for my welding supply store. Both of those put people to work, one directly and one indirectly.

A new delivery truck would be next on the list.

And just like somebody said above, the premise of the question is pretty flawed. Cutting welfare, especially to illegals, would be the place to start. If somebody doesn't work they shouldn't eat.

[boy wonder]

The concept of corporations or businesses not paying taxes means they do not pay taxes, they collect taxes from their customers. Taxes are built into the price of your goods and services.