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So this is all the corporations fault huh? And especially the ones that left the country to survive?
Because in a corporation the shareholders are the OWNERS of said corporation. And most corporations leave the country not because of the employees, but because of the tax code. Example, the US has a 35% corporate tax rate, Canada has a 15% rate. I did something similar when I was active duty USAF. I changed my home of record to Florida because they do not withhold state income taxes.
Originally posted by wildtimes
reply to post by NOTurTypical
What a load of crap. And you KNOW IT. The ONLY reason they go overseas is to increase profits by exploiting people over there, and avoiding being TAXED here. Capital gains should be taxed just like income from wages. And "tax havens" should be eliminated.
That's 2 s for you now.edit on 23-5-2013 by wildtimes because: (no reason given)
Well, if we're headed for a global government and common standards,....
How are you going to eliminate tax havens? Force other sovereign nations to make corporations pay corporate tax??