Gimme your money NOW?

Question

Ok,let's figure this out.SOME of you keep bringing up"corporate welfare,government sub-sidies for corporations,etc" If we tax the living daylights out of corporate America,where will the money for,expansion, job growth,research & development,re-investment in modernization,etc come from?
AND,why would ANY corporation with the ability to re-locate,stay where it is no longer profitable?
Prime example is the mass exodus of manufacturing companies from the great? state of california,

FYI:
Manufacturing CREATES wealth throught the conversion of raw materiels to a finished product.
Other endeavors simply swap dollars.
If we lose our manufacturing base and rely on a "service" economy,do some of you actually beleive we will survive?
AND,the backbone of America is "small business" whose CEO's typically make LESS than $250,000.00 per year.The examples that are cited continually"CEO"s making millions,blah,blah,blah are the EXCEPTION! Do all baseball players make 40 mil a year?Do all singers make 100 mil a year?

Nothingu:
God help us all if your answer reflects what Business Administration courses are teaching now.I'm a Corporate C.E.O. who has built a manufacturing company from the ground up.No degree,no financial backers,but I learned business administration and manufacturing technology through trial and error.Mosy start-ups fail because of poor planning and unrealistic expectations,nothing else.

Answer 1

Well put.
Another point is the fact that all corporate taxes are passed along to the consumers anyway in the form of high product prices. When you think about corporations being taxed at a rate of 37%, that 37% is paid by you, the consumer, at the time of purchase in addition to any local sales tax that may apply.
In effect, when you buy something, 45% or more of what you pay for the product or service is taxes going to the government.
Lowering the corporate tax rates lowers the out-of-pocket expense to the consumer. It lowers to cost of living for all of us.

Answer 2

First of all, corporations and govenment own absolutely nothing. Everything is owned by individuals; in the case of corporations it is a group of individuals pooling their resources. In the case of the government, it is a case of their taking what is rightfully ours (supposedly for the public's benefit).
In the second place, if ONE Fortune 500 does NOT pay any income taxes, that is BILLIONS of dollars that individuals must make up.
Usually corporations move because of RESTRICTIVE government regulations.
While ALL corporations are in business to make money, too many of them make too big a profit that borders on the criminal.
Most of the research, half of the jobs are from small companies it is true; most of them pay their fair share in taxes, etc. BUT many of the Fortune 500 corporations pay little or no income taxes. That must be made up by those not doing so well; why do you think so many start-ups fail their first year? They are trying to pay their fair share!

Answer 3

So should we get rid of the huge military we have instead? How do you suppose we should pay for government when our income clearly doesn't match what is needed to maintain the government?

If you compare personal taxes in the US against the rest of the world, the rates are comparable. If you compare US corporate taxes o the rest of the world, you would find US taxes to be much lower. So it's obviously corporate America that is not doing it's fair share to help keep the US government afloat.

I'm not interested in taxing the living daylights out of corporations, only bring the tax rate in line with what it is in the rest of the world. And since they can pay their CEOs salaries in the tens of millions of dollars, they can well afford to pay a little more in taxes, especially since they leave our shores regardless of where we put the tax rate in the US. If they want to leave the US, they'll still be paying as much but not have the same copywrite protection, and have to deal with a language barrier as well. It's also well within the US ability to tariff anything that comes into the US, but right now we actively encourage businesses to leave while at the same time kissing their *** when they stay.

Answer 4

It's obvious that the high corporate tax rate in the US (36%, 2nd highest in the world) is a huge reason many companies are moving out of the country. The dems are too stupid to figure this out, or have an agenda to meet.

If they do stay and take the high corporate tax hit, they just pass it on to the consumer.

Answer 5

Oh it's because those who wish and choose to complain also don't bother to ever learn how a corporation is run . They think that every corporation has an endless supply of cash simply because that company is big , without ever understanding the bottom line .
Your mass manufacturing exit is indicative of my state and others who have relied on that industry . Gone , or almost gone.. . . relatively speaking .
What I tell em is this , " Hey , there used to be milkmen and icemen delivering milk and ice on horse drawn wagons . There aren't anymore because technology advanced in all critical areas . Times changed . Icemen got different jobs . Maybe driving the truck that delivered electric refrigerators that cooled themselves without need of a weekly brick of ice".

Answer 6

Corporations will always build in taxes as part of the bottom line for consumers. You want to tax gasoline? It's just going to bump up the cost for the individual gas station and those costs will be passed along to you the next time you fill up.

Answer 7

I really can't see the justification of giving subsidies to mega corps like gas and oil, when their profit margin is as high as it is. They have more than enough capital to compete in the market and for R & D. These subsidies go against free market and fair market trade practices and the only people profiting off of them are the stockholders. Why do I want my money to go to stockholders?
Farm subsidies also go against market principals. You could argue that 50 years ago, they were a needed safety net for the family farmer and gave the US leverage to compete with foreign markets. However, today 80% of farms are run by corporations in this country. We pay them to overproduce for the market. The government has literally paid some farms to NOT produce because the market is flooded. A second problem with subsidizing Conagra and the like is the price controls undersell farming in developing nations, like MEXICO. Their markets cannot compete. Jobs dry up. The Mexicans cross the border to work our subsidized fields. So not only are we paying illegal aliens' social services, but we are providing them with jobs via our tax dollars.

Answer 8

This is the part of the economy that blows liberals minds. They think that if we give Ford, Chevy, Kellogg's, Beatrice Foods, etc a big corporate tax, that they will continue to do business from Detroit, Hershey Penn., Chicago, etc, The real world tells us they will just go to Hamilton, Ont., Tijuana, Mex., Caracas, Ven., etc.... Which is cheaper labor, no unions, and no tax. Talking about making their stock holders happy.... Then we can talk about Corporate profits and how little we get to share in them.

And for the oil companies, why not put their refineries in Peru, Chile, Argentina, Panama, etc. Got to go by them with their boatfull of crude anyway...

Answer 9

I completely agree. Even the small "Ma and Pop" store get their supplies from the big corporations.

But it looks good to some people when a politician says they will take on corporate America.

Answer 10

NO corporation (or any other entity for that matter) who could relocate would stay in the land of highest taxes.
But, that's something that the tax tax tax and spend spend spend spend spend spend libs refuse to acknowledge.

Even if a company should stay and continue to produce goods, the tax will be passed on to the end user.

GET THIS LIBS!! COMPANIES DO NOT PAY TAXES!! CUSTOMERS PAY TAXES!