I didn't say making profits was complacency. You and your control
freakness.
>
> > to get rid of that complacency is to start taxing them more, exactly
>
> Sounds goods to me. GE pays ZERO US corporate taxes. I know from
> past performance that you have a problem with arithmetic. Double GE's
> tax rate and ZERO times 2 is still ZERO.
Well, if you insist on using your right wingnut math, then yeah. But
I use real world math whereby a mandatory minimum tax is applied - no
ZEROES allowed.
>
> One of the reasons why this is the case is becuase the US has the
> highest corporate tax rate in the industrialized world. Make that tax
> rate higher and other corporations will work harder at moving more of
> their profits over seas.
And you so blindly buy into that fallacy like the good right wingnut
you are.
>
> > what Reagan and Clinton did, because by taxing them more, they'll see
>
> Once again, you are giving yoorg a run for his money in the Bull Shit
> and making up lies department.
>
> When Reagan took office, the highest corp marginal rate was 46%
> Reagan lowered the rate to 40%
> He then lowered the amount Over $335,000 to 345%
Corporate taxes went down from 1977 to 1983, when Reagan decided to
uplift them steadily throughout the next 5 years he was in office.
Clinton gave them a bump upwards as well. The rise didn't have to be
much to produce the desired result of emerging from a recession and
increasing employment, as you can see by the pretty picture:
http://mrzine.monthlyreview.org/2005/PayrollIncomeCorporateTaxes488.gif
>
> > their profits be chipped away and in order to maintain the same level
> > of profit growth they would have to adopt a more aggressive and
> > competitive approach to maintain their position, and this would
>
> Such as shifting profits overseas.
Penalize the process, don't just let it happen.
>
> > include investing, hiring and expanding - with the $2 trillion+ in
> > unspent cash they're sitting on. Besides, Corporate America is
> > grossly undertaxed as it is with only $80 billion annually now being
> > reaped from them collectively. That's peanuts.
>
> Japan lowered their corporate rate to increase corporate tax revenue.
If Japan is such a tax haven for Corporate America, then all of
Corporate America would be there? But they're not. Why not?