Comments on: 63000jobs lose and corporation getting tax break to move over seas. what is our government doing to U S? http://www.moneysnatchers.com/news/63000jobs-lose-and-corporation-getting-tax-break-to-move-over-seas-what-is-our-government-doing-to-u-s/ Thu, 10 Dec 2009 09:16:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MG@cybtaxes http://www.moneysnatchers.com/news/63000jobs-lose-and-corporation-getting-tax-break-to-move-over-seas-what-is-our-government-doing-to-u-s/#comment-49 MG@cybtaxes Wed, 26 Nov 2008 09:23:47 +0000 http://www.moneysnatchers.com/united-states/63000jobs-lose-and-corporation-getting-tax-break-to-move-over-seas-what-is-our-government-doing-to-u-s/#comment-49 We have one of the highest business tax rates in the world. In a report prepared this year, the Treasury Department said that U.S. companies were hobbled by high tax rates, instances of double taxation and a bewildering patchwork of rules for special interests. In its background report for the conference, the Treasury Department noted that the top corporate tax rate, including state taxes, is 39 percent - significantly higher than the average of 31 percent for other industrialized nations. "Our tax system disrupts and distorts a vast array of business and investment decisions," the Treasury Department said. That, it said, "lowers the productive capacity of the economy and reduces living standards." The answer another poster gave regarding the vote in 2008 is right... We are already heaing about Democratic attempts to raise taxes significantly on private equity funds, oil companies and other businesses. That will surely help us keep jobs and businesses in the U.S.... I think not. We have one of the highest business tax rates in the world.

In a report prepared this year, the Treasury Department said that U.S. companies were hobbled by high tax rates, instances of double taxation and a bewildering patchwork of rules for special interests.

In its background report for the conference, the Treasury Department noted that the top corporate tax rate, including state taxes, is 39 percent – significantly higher than the average of 31 percent for other industrialized nations.

“Our tax system disrupts and distorts a vast array of business and investment decisions,” the Treasury Department said. That, it said, “lowers the productive capacity of the economy and reduces living standards.”

The answer another poster gave regarding the vote in 2008 is right… We are already heaing about Democratic attempts to raise taxes significantly on private equity funds, oil companies and other businesses. That will surely help us keep jobs and businesses in the U.S….

I think not.

]]> By: Ralph N http://www.moneysnatchers.com/news/63000jobs-lose-and-corporation-getting-tax-break-to-move-over-seas-what-is-our-government-doing-to-u-s/#comment-48 Ralph N Sun, 23 Nov 2008 10:15:28 +0000 http://www.moneysnatchers.com/united-states/63000jobs-lose-and-corporation-getting-tax-break-to-move-over-seas-what-is-our-government-doing-to-u-s/#comment-48 Ask in nov. 2008 for the right person to turn this around. Ask in nov. 2008 for the right person to turn this around.

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