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MrRodgers -> RE: When Corporations pay no Income Tax its called Capitalism (11/3/2011 11:23:36 PM)
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quote:
ORIGINAL: cloudboy
If dividends are issued, those get taxed.
Globalism raises important questions about tax policies and stimulating the US economy. 8 years of the BUSH tax cuts have not helped the US either grow its economy, boost the stock market, or raise employment. I think this is because the surplus is invested abroad and the only beneficiaries would be corporate stockholders. BUT, even they have suffered as skewed wealth distribution has helped create a demand crisis and general recession.
Stock dividends are now taxed at 15% and that would come down to 9% under Cain. The US surplus created by the Clinton admin. was used to buy back our fed. debt. As patriotic as our corp. leaders are, they sit on nearly a $trillion of profits overseas and keep it there because they'd actually owe a tax on it.
That money is used if at all...to purchase from overseas, further negating any US stimulation. The regulations and tax ruse has been used for 50 years and has never seriously impacted profits, just look at the numbers.
Globalization will in the future, be tax free for the richest where all taxes will be paid by labor and broad consumption. That's what labor is there for, profits in which labor does not share and pay the taxes in which...the rich don't share.
The bold is interesting in that even George Will writes that he sees what's happening, the US middle class is getting bigger. Assuming yes, that in fact fewer poor are getting poorer as they are already quite poor but the top 20% are getting laid off en mass as well and losing homes too and many wake up some morning and find themselves...only middle class.
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