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reply to post by nwtrucker
It only reaffirms my point that it's small business that's getting screwed...the entrepreneurs.
I don't care for links per say but there was a lengthy statement by the CEO of Coca-Cola that exposed this irony and was critical of the U.S. tax system.
It’s been 45 years since corporations paid the full top tax rate, and 26 American companies avoided taxation altogether over the past four years.
Apple does not remit that money into the US: so, it’s not charged the US corporate income tax. And just this one company has substantial sums sheltered in this manner: they’ve a cash pile of well over $100 billion sitting around after only a few years of doing this. Add in that we know that the other tech giants, in fact almost all US corporates with substantial overseas operations, do exactly the same thing and our “tax gap” is explained. Estimates vary but something between $1.3 and $1.7 trillion is sitting offshore as a result of corporations doing this.
U.S. manufacturing has been shrinking at an alarming rate. That manufacturing base is gone and perhaps never to return.
Do you actually claim that they received the same "benefits" that those you point out do? Of course not.
Your not "wrong"...you just paint a very incomplete picture.