Thadius
Posts: 5091
Joined: 10/11/2005 Status: offline
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quote:
ORIGINAL: DomKen quote:
ORIGINAL: Thadius Just a simple question... How many more jobs were created between 1988 and 2002? What were the unemployment rates during the periods you cite, compared to those I point out, I am not even going to bring up the fact that during most of the periods you cite we were also at war (in a conflict) with a draft? Also what were the rates being paid in other countries at the time? I think those are pretty important facts to have on hand, when making a claim that increased corporate tax rates encourage job growth. The numbers are the numbers. Set the tax rate at 52% for 9 years ( a period with no major wars) and the economy grew at rates to make modern economists wet themselves. As to your non sequitur, are you actually claiming more job growth occured in those 14 years than occured in any 14 year period with highter corporate tax rates? You really might want to check those numbers. Again you are avoiding the one comparison that is missing. The US corporate tax rate vs the corporate tax rates abroad. I suggest that the rates abroad were higher. Also that many of the loopholes in the tax code, that allowed for offsetting those taxes here, have since been closed, thus making it much more profitable and desirable to open a corporation overseas, too, that raising rates will further drive companies to move completely overseas and pass such expenses as tariffs on to the consumers. By no means am I suggesting that part of the reason for investment here was not due to the industrious nature and work habits of Americans during those periods. What incentives are there for corporations to pay these proposed higher taxes and create jobs? Just one more question to add to the mix, what constitutes a windfall profit for being taxed? Is it based on a dollar ammount or is it based on a percentage over operating expenses?
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