out of the box thought on taxes

What kind of tax would be the best for making our companies globally competitive?

 

It isn't so much the tax structure as it is the disparate economic systems:

Republicans, with the help of Democrats, have undermined the American economic system:

Senate

House

 

duh trade agreements have a bigger effect, but I didn't ask about trade agreements, nvm that your sites say anyone for free trade is a traitor.

 

I don't know. What kind of system of taxation allows companies to pollute with no restrictions, operate sweatshops, and treat their workers like indentured servants?

 

Actually, the tables are not mine. I found them on the Web a few years back, assembled and posted by someone who was making a point for the 2004 elections. I copied them and put them in my stash to use for future discussions concerning trade agreements between disparate economic systems. I went back to the sites a few months later as a support for an argument in just such a discussion, and they were gone. But, I still had the tables in my stash. I assembled the tables onto the present site for support of argument.

 

0% Corporate tax. Full corporate protection to any company with a million dollar general liability policy, or a policy that covers 5% of gross sales, whichever is higher, no more veil piercing etc...

That makes us far more competitive then Europe for business, lets get some of their jobs I have been hearing about.

When corporations send the money to their employees or to their shareholders we tax it, but as long as it is being used in business growing and/or securing the economy why would we start eating the money that grows the economy?

Eliminate all import taxes, we should not be in the position of subsidizing inefficiencies in our market.

 

The kind of tax which they could avoid by employing a complext array of offshore companies, designed specifically to avoid tax....

Naaaaa, that'd never happen!

 

i commend you for the effort, but it's still irrelevant, nor is anyone who supports a trade agreement a traitor. Fair trade agreements are beneficial to both countries.

 

If that's your only criteria.

Import tariffs.

They do two things, first, they secure the domestic market for domestic producers, which strengthens domestic industry and can help them reach higher scales of efficiency.
Second, they deny foreign competitors access to the biggest market on earth, limiting their production, their scale of efficiency, and their ability to produce cutting edge products.

 

If you don't know the answer to that, you really have no business in this discussion.

 

More or less.

As things currently stand, it's just a matter of companies using creative ways to whisk all profits to tax havens like the Cayman Islands, the Netherlands, and even Ireland.

Until we reform how companies report profits, vast tax evasion schemes will continue to occur regardless of the taxation involved.

 

mhmmm. In the direct trade, yes, import tariffs fit best, but they don't do so in the big picture. Such import tariffs prevent lower costs in the production, as it becomes prohibitive for American to use foreign parts in the process that are cheaper.

 

So, what's fair about this:



But you're not talking about fair trade; you're talking about RACE TO THE BOTTOM

No more need be said...


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:icon_pee:

oh i see. Just another idiot arguing against arguments not made.

 

Corporate income tax and capital gains tax should be at least the same as, if not higher than, wages and salaries. Tax credits would be extended to any corporation or individual building physical plant within the continental USA and Hawaii and Alaska. Impose a tariff on manufactured goods equal to the difference between wages paid in the USA and the producing country. Tariffs for products unique to the producing country (like silk clothing in traditional Asian styles, or tropical fruits) can be dropped.

All new products developed by American universities or research facilities receiving government subsidies shall be manufactured in the USA.

- - - Updated - - -

It is an example of how we are getting screwed by bad tariff policies.

 

"arguments not made"??? This is yours, is it not?

You are talking about GLOBAL COMPETITION. And this is what you want to compete against:

article

article

We went through all this back in 1911, and you want to take us back with your RACE TO THE BOTTOM.


Yes, we should regress our economic system back around 100 years to sweatshop working conditions so that we can compete with the new world developing economies. That would then force the developing economic systems to even more sweatshop working conditions as all the economic systems work toward a RACE TO THE BOTTOM.

I wonder who would win out in this race...

Maybe we could work our way back to the stone age!


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I said "fair trade agreements benefit both countries," and you brought up the disproportionate tariffs between the US and China. You either believe that's a fair trade situation, or you can't read.

 

the image was. His post was not.

 

It would be better for Americans if our import tariffs were at 0, regardless of what the rest of the world does. Would be better if they went to 0 too, for both us and their countrymen, but in either event it does not hurt us if the tax goes down to zero.

 

If you're NOT talking about "globally competitive", then perhaps your original query is flawed.

 

Free trade is a nice principle, and I'd be all for it if we could get our trade partners to follow it.

 

The land value tax is the only tax which can raise enough revenue to fund government, while not increasing the cost of production. There are no “dead weight” losses associated with land value taxation. Replacing other tax systems with the land value tax system would eliminate the burden of taxation, and make our production more competitive on the world market.

 

Tariffs are economically destructive. The better solution is to implement a system where foreign trade is financed through a system of fixed credits. A fixed number of trade credits are created and are given to each country of the trade union. When you spend all your credits you can't import anymore goods, until you export enough to reacquire credits. The credits would be similar to money, but the supply would be fixed.This system wouldn't prevent trade, or even tax trade, but it would keep trade balanced.

 

No, for some reason you're having an extremely difficult time comprehending what was asked. Look at the op again. I swear, it's not hard. My niece could read it. I asked what tax policies would make our businesses most globally competitive. You, with your mindless push_button response, attacked me when I said FAIR TRADE BENEFITS BOTH COUNTRIES by citing uneven tariffs. If you're still not comprehending this, I never said that was fair trade, you had a push_button response that didn't respond to anything I actually said, because you weren't LISTENING and THINKING.

now I'll try this again, reexplaining it so that my niece could get it. What kind of tax policies would make the US businesses the most globally competitive. Please, have an original thought.

 

Value added tax and national sales tax. Eliminate all income taxes and local real estate taxes should only pay for local services. National sales tax to pay for our entire nations schools or voucher for private schools. Local funding for schools is absurd. We should have national standards and national funding. We have separate and unequal schools producing a separate and unequal country. Here in the chicago area, suburban schools are excellent while the city schools are abysmal. Same area, vastly different outcomes.