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Trump seeks 15 percent corporate tax rate

Federal Corporate Tax Revenues as a % of GDP
By Presidential Term
Obama . . . . . . . 1.513%
G W Bush . . . . . . . . . . . . 1.888%%
Clinton . . . . . . . . . . . . . . . . . 2.013%
H W Bush . . . . . . . . . 1.675%
Reagan . . . . . . . . 1.525%
Carter . . . . . . . . . . . . . . . . . . . . . . . 2.550%
Ford . . . . . . . . . . . . . . . . . . . . . . 2.400%
Nixon . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.850%
Johnson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.640%
Kennedy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.600%
Eisenhower . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.550%
Truman . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.083%
(FY 2017 Historical Tables - Budget of the U.S. Government, Table 2.3)

"Never have so few stolen so much from so many ... "

If they can close the loop holes corporations have enjoyed for years and tax the off shore earnings fairly, 15% may actually be more than what corporations are paying now......

LOL

Aho Old Guy wrote:
Trump seeks 15 percent corporate tax rate

Federal Corporate Tax Revenues as a % of GDP
By Presidential Term
Obama . . . . . . . 1.513%
G W Bush . . . . . . . . . . . . 1.888%%
Clinton . . . . . . . . . . . . . . . . . 2.013%
H W Bush . . . . . . . . . 1.675%
Reagan . . . . . . . . 1.525%
Carter . . . . . . . . . . . . . . . . . . . . . . . 2.550%
Ford . . . . . . . . . . . . . . . . . . . . . . 2.400%
Nixon . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.850%
Johnson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.640%
Kennedy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.600%
Eisenhower . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.550%
Truman . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.083%
(FY 2017 Historical Tables - Budget of the U.S. Government, Table 2.3)

"Never have so few stolen so much from so many ... "

% of GDP pretty irrelevant in this case. They're about 11% of fed govt revenue.
http://www.cbpp.org/research/policy-bas ... -come-from

"Never have so few stolen so much from so many" Yep, the govt is the biggest crook ever..

BDKJMU wrote:

Aho Old Guy wrote:
Trump seeks 15 percent corporate tax rate

Federal Corporate Tax Revenues as a % of GDP
By Presidential Term
Obama . . . . . . . 1.513%
G W Bush . . . . . . . . . . . . 1.888%%
Clinton . . . . . . . . . . . . . . . . . 2.013%
H W Bush . . . . . . . . . 1.675%
Reagan . . . . . . . . 1.525%
Carter . . . . . . . . . . . . . . . . . . . . . . . 2.550%
Ford . . . . . . . . . . . . . . . . . . . . . . 2.400%
Nixon . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.850%
Johnson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.640%
Kennedy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.600%
Eisenhower . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.550%
Truman . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.083%
(FY 2017 Historical Tables - Budget of the U.S. Government, Table 2.3)

"Never have so few stolen so much from so many ... "

% of GDP pretty irrelevant in this case. They're about 11% of fed govt revenue.
http://www.cbpp.org/research/policy-bas ... -come-from

"Never have so few stolen so much from so many" Yep, the govt is the biggest crook ever..

And they used to be around 40%.

Welfare whores...

Yeah, that works out fine when everybody else is charging the same...However, when you get tax havens like Ireland, Luxembourg, etc., and tax loopholes you can drive a truck through, things have to change. We need to have a special amnesty period, give them a year with a low tax rate to incentivize all those democratic/lib run companies to repatriate the gazillion dollars they have parked overseas and put it to use here.

kalm wrote:

BDKJMU wrote:
% of GDP pretty irrelevant in this case. They're about 11% of fed govt revenue.
http://www.cbpp.org/research/policy-bas ... -come-from

"Never have so few stolen so much from so many" Yep, the govt is the biggest crook ever..

And they used to be around 40%.

Welfare whores...

cx500d wrote:Yeah, that works out fine when everybody else is charging the same...However, when you get tax havens like Ireland, Luxembourg, etc., and tax loopholes you can drive a truck through, things have to change. We need to have a special amnesty period, give them a year with a low tax rate to incentivize all those democratic/lib run companies to repatriate the gazillion dollars they have parked overseas and put it to use here.

kalm wrote:
And they used to be around 40%.

Welfare whores...

If Trump was a man, he'd tell them to re-patriate this. If you want our markets, kick ass military protecting you and your assets, and infrastructure pay up. This is America!

Alas...he's just a whiny bitch.

oh my...nice troll

kalm wrote:

cx500d wrote:Yeah, that works out fine when everybody else is charging the same...However, when you get tax havens like Ireland, Luxembourg, etc., and tax loopholes you can drive a truck through, things have to change. We need to have a special amnesty period, give them a year with a low tax rate to incentivize all those democratic/lib run companies to repatriate the gazillion dollars they have parked overseas and put it to use here.

If Trump was a man, he'd tell them to re-patriate this. If you want our markets, kick ass military protecting you and your assets, and infrastructure pay up. This is America!

Alas...he's just a whiny bitch.

cx500d wrote:to incentivize all those democratic/lib run companies

kalm wrote:

BDKJMU wrote:
% of GDP pretty irrelevant in this case. They're about 11% of fed govt revenue.
http://www.cbpp.org/research/policy-bas ... -come-from

"Never have so few stolen so much from so many" Yep, the govt is the biggest crook ever..

And they used to be around 40%.

Welfare whores...

Link?

BDKJMU wrote:

kalm wrote:
And they used to be around 40%.

Welfare whores...

Link?

It's in a graph from YOUR link.

Aho Old Guy wrote:
Trump seeks 15 percent corporate tax rate

Federal Corporate Tax Revenues as a % of GDP
By Presidential Term
Obama . . . . . . . 1.513%
G W Bush . . . . . . . . . . . . 1.888%%
Clinton . . . . . . . . . . . . . . . . . 2.013%
H W Bush . . . . . . . . . 1.675%
Reagan . . . . . . . . 1.525%
Carter . . . . . . . . . . . . . . . . . . . . . . . 2.550%
Ford . . . . . . . . . . . . . . . . . . . . . . 2.400%
Nixon . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.850%
Johnson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.640%
Kennedy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.600%
Eisenhower . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.550%
Truman . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.083%
(FY 2017 Historical Tables - Budget of the U.S. Government, Table 2.3)

"Never have so few stolen so much from so many ... "

....

How do you steal your own money?

It's a different world. It's fine to post corporate tax rates when Truman was in office, but how much business was done internationally then, and oh, wasn't much of the world other than the US pretty much war-torn and devastated by a very recent World War? In this day and age, with so many different countries and so many different tax structures, it's inefficient to be taxing corporations like we do. There is power in simplification - reduce the corporate tax to very little and then ensure that personal income taxes are progressively structured so that the rich pay what you think they should pay. Also make sure that wealth from corporate activity can't be sheltered from being called income. When we make taxation difficult and convoluted is when we end up with the "rich get richer" issue that so many progressives seem to be upset about. When it's complicated those who can afford the tax experts end up winning. Make it simple. Reduce the corporate tax and make sure to firm up the personal tax.

Baldy wrote:

Aho Old Guy wrote:
Trump seeks 15 percent corporate tax rate

Federal Corporate Tax Revenues as a % of GDP
By Presidential Term
Obama . . . . . . . 1.513%
G W Bush . . . . . . . . . . . . 1.888%%
Clinton . . . . . . . . . . . . . . . . . 2.013%
H W Bush . . . . . . . . . 1.675%
Reagan . . . . . . . . 1.525%
Carter . . . . . . . . . . . . . . . . . . . . . . . 2.550%
Ford . . . . . . . . . . . . . . . . . . . . . . 2.400%
Nixon . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.850%
Johnson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.640%
Kennedy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.600%
Eisenhower . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.550%
Truman . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.083%
(FY 2017 Historical Tables - Budget of the U.S. Government, Table 2.3)

"Never have so few stolen so much from so many ... "

....

How do you steal your own money?

I'm pretty sure the answer is they didn't make/earn that money. Or at least that's the progressive way of thinking.

GannonFan wrote:It's a different world. It's fine to post corporate tax rates when Truman was in office, but how much business was done internationally then, and oh, wasn't much of the world other than the US pretty much war-torn and devastated by a very recent World War? In this day and age, with so many different countries and so many different tax structures, it's inefficient to be taxing corporations like we do. There is power in simplification - reduce the corporate tax to very little and then ensure that personal income taxes are progressively structured so that the rich pay what you think they should pay. Also make sure that wealth from corporate activity can't be sheltered from being called income. When we make taxation difficult and convoluted is when we end up with the "rich get richer" issue that so many progressives seem to be upset about. When it's complicated those who can afford the tax experts end up winning. Make it simple. Reduce the corporate tax and make sure to firm up the personal tax.

That's reasonable. Our effective rate is nowhere near the top and we constantly pick winners and losers.

GannonFan wrote:

Baldy wrote: ....

How do you steal your own money?

I'm pretty sure the answer is they didn't make/earn that money. Or at least that's the progressive way of thinking.

of course they earned it but they've also benefitted from government spending.

kalm wrote:

GannonFan wrote:
I'm pretty sure the answer is they didn't make/earn that money. Or at least that's the progressive way of thinking.

of course they earned it but they've also benefitted from government spending.

Everybody benefits from government spending. But the distortion that comes from the thinking that all economic gains come from the government and taxation is basically government deciding what to allow people to keep leads to stagnation and limited economic growth. Like I said, let people go out and earn their money by working hard and being innovative and inventive. Make sure that people can't hide their money in corporate shelters and then lower or even eliminate corporate taxation and tax personal income accordingly. Make it simple and it's harder to mess up.

kalm wrote:

GannonFan wrote:It's a different world. It's fine to post corporate tax rates when Truman was in office, but how much business was done internationally then, and oh, wasn't much of the world other than the US pretty much war-torn and devastated by a very recent World War? In this day and age, with so many different countries and so many different tax structures, it's inefficient to be taxing corporations like we do. There is power in simplification - reduce the corporate tax to very little and then ensure that personal income taxes are progressively structured so that the rich pay what you think they should pay. Also make sure that wealth from corporate activity can't be sheltered from being called income. When we make taxation difficult and convoluted is when we end up with the "rich get richer" issue that so many progressives seem to be upset about. When it's complicated those who can afford the tax experts end up winning. Make it simple. Reduce the corporate tax and make sure to firm up the personal tax.

That's reasonable. Our effective rate is nowhere near the top and we constantly pick winners and losers.

Exactly, the effective rate is a reflection of the fact that different groups have better success at finding loopholes or gaming the system. Lower the corporate taxation levels and this problem starts to go away. When it's complicated we end up rewarding people for being able to game the system, not rewarding them for being good entrepreneurs or inventors or the like. I'd rather we do the latter.

Well hang on to your hats folks because a recent Pew poll showed that as we speak, a majority of Americans prefer a large govt with more services over a small govt with fewer services


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CID1990 wrote:Well hang on to your hats folks because a recent Pew poll showed that as we speak, a majority of Americans prefer a large govt with more services over a small govt with fewer services


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And a majority of Americans believe in the concept of the free lunch. They want all these services, but they want somebody else to pay for them. That's why this country is fucked.

CID1990 wrote:Well hang on to your hats folks because a recent Pew poll showed that as we speak, a majority of Americans prefer a large govt with more services over a small govt with fewer services


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Makes sense since recent actions show that the majority of Americans are dumber than shit.

cx500d wrote:oh my...nice troll

kalm wrote:
If Trump was a man, he'd tell them to re-patriate this. If you want our markets, kick ass military protecting you and your assets, and infrastructure pay up. This is America!

Alas...he's just a whiny bitch.

You typing above the item you are quoting is really annoying.


That is all.

You got

Vidav wrote:

cx500d wrote:oh my...nice troll

You typing above the item you are quoting is really annoying.


That is all.

that shit right!

Ivytalk wrote:

CID1990 wrote:Well hang on to your hats folks because a recent Pew poll showed that as we speak, a majority of Americans prefer a large govt with more services over a small govt with fewer services


Sent from my iPhone using Tapatalk

And a majority of Americans believe in the concept of the free lunch. They want all these services, but they want somebody else to pay for them. That's why this country is fucked.

As though that's a bad thing...

kalm wrote:

Ivytalk wrote: And a majority of Americans believe in the concept of the free lunch. They want all these services, but they want somebody else to pay for them. That's why this country is ****.

As though that's a bad thing...

You can pay for my lunch if you want.