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Final Consumption Sales tax - only - no person or item exempt - Remove all business taxation. Jobs and money will move back to America. (5 trillion that is bigger then the fed stimulus.) Then setup to payoff the federal debt and the fed holds the real inflation rate between a deflationary 1% and 0% inflation. (no more inflation). The American dollar would have real value, also, moving more money and jobs to America. All interest earned would be real money not inflation destroyed income.
Than give the American people the right to directly decide what they are willing the buy threw government. (bypass congress). If they cut federal government by 35% that would increase the American peoples living standard by 10%. Do the same with state and local government, the consumer could increase their purchasing power by 15 to 18%. Plus the increase in jobs would spread the tax base.
America should be growing at 5 to 8%. Our biggest enemy is ourselves and our own government ( the president, congress and the fed). Our present economic policy is disaster waiting for a time to happen.
What are the sales of these companies over seas where they are taxed already. Why do you think that you are entitled to those profits. You work in NY should California be able to tax you? International companies have pay taxes where their sales are made. They don't owe you anymore than what the law allows.
Why not lower the tax to something like Ireland then there would be ins=centive for them to bringthe money here to the United States?
There are more corporate tax loop holes in our tax code than you can believe! The average tax bill for U.S. corporations is 12.1% (2012).
Do we really want to lower the tax code and let these corporations keep the same loop holes? That way, we would owe them money at the end of the year.
Let's reduce the corporate tax rate to 25% and eliminate all loop holes. That seems fair! These corporations (like Apple) have been sitting on a ton of money for years and not doing a thing with it. No new jobs, no new manufacturing in the U.S., etc.
F**k them, pay your taxes like everybody else. The corporations want the right to contribute to political figures but then don't want to pay taxes. Gee, me too!
"Everyone knows about Apple's legendarily pile of cash -- $121 billion at the end of last year, up from $82 billion in 2011 and $51 billion in 2010. What's less appreciated is that Apple holds most of this cash in overseas accounts, out of reach from the Internal Revenue Service. Its overseas cash holdings amounted to $83 billion at the end of 2012, up from $54 billion in 2011."
You know what they say... Go where the money is. YOU... go there, Apple. And take your crap tech products with you. Rotten to the CORE.
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[BRIEFING.COM] The stock market ended the holiday-shortened week on a mixed note as the Dow Jones Industrial Average shed 0.1%, while the S&P 500 added 0.1% with seven sectors posting gains.
Equity indices faced an uphill climb from the opening bell after disappointing quarterly results from Google (GOOG 536.10, -20.44) and IBM (IBM 190.04, -6.36) weighed on the early sentiment. Google reported earnings $0.15 below the Capital IQ consensus estimate on revenue of $15.42 ... More
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