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Phoenix61

(18,827 posts)

12. They don't pay taxes on money made overseas

Reply to kentuck (Reply #7)

Wed Apr 26, 2017, 02:11 PM

Apr 2017

until they bring it back to the US. So, every couple of years they float the same shit about high taxes leading to unemployment so the fed government will grant them a tax holiday and they can bring all the money back home without paying taxes on it. The assumption being they will use it for capital expenditures which will create jobs. It has never worked that way and won't work that way this time. Think bonuses and higher dividends to investors.

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Corporations do not create jobs because they get a tax break. [View all] kentuck Apr 2017 OP

In fact they focus their energies on destroying American jobs unblock Apr 2017 #1

That is true. kentuck Apr 2017 #4

how does a tax cut burnbaby Apr 2017 #5

Tax cuts at the low end could create some demand. kentuck Apr 2017 #8

Right the goal should be to increase demand, particularly local demand unblock Apr 2017 #14

It rewards profitability by increasing after-tax income unblock Apr 2017 #10

no but they leave the country burnbaby Apr 2017 #2

No they don't Phoenix61 Apr 2017 #6

But they do have a loophole... kentuck Apr 2017 #7

They don't pay taxes on money made overseas Phoenix61 Apr 2017 #12

But do they have FDIC protection (taxpayer protection) if their money is stashed in Caymans? kentuck Apr 2017 #19

I wouldn't think so Phoenix61 Apr 2017 #22

oh boy burnbaby Apr 2017 #11

How often does that happen? kentuck Apr 2017 #15

HP got GW Bush tax breaks and subsidies after 9-11. Elwood P Dowd Apr 2017 #13

+1,000,000,000 HughBeaumont Apr 2017 #16

And the deficits exploded and the economy crashed. kentuck Apr 2017 #17

It's going to happen much faster under this insane bunch. Elwood P Dowd Apr 2017 #20

Because they can? Phoenix61 Apr 2017 #3

Exactly. The Velveteen Ocelot Apr 2017 #9

That cannot be said enough. kentuck Apr 2017 #18

Wages are 100% deductible, so ... dawg Apr 2017 #21

If corporations have more money after taxes, they supposedly invest it or pay it out in dividends. Hoyt Apr 2017 #23