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Leave it to the NYT to shill for more taxes and more government. Of course the article doesn't mention one single factual dollar figure about this inversion, it
by jstalin 11y ago
Leave it to the NYT to shill for more taxes and more government. Of course the article doesn't mention one single factual dollar figure about this inversion, it only decries the horror. They estimate major inversions cost the treasury $2 billion a year. Wowsa, that's a rounding error in a $4 trillion annual budget.
I've encountered many deals where small foreign companies were looking at doing business in the US but when we explained to them federal and state corporate taxation they were discouraged from setting up shop here. I'm sure there are hundreds if not thousands of similar stories each year. Instead of reducing the US corporate tax burden (amongst the highest in the world) and encouraging companies to set up shop here, the US tax code discourages such investment and growth.
- kolbe 11y agoEvery tax discourages something.
- dennisgorelik 11y agoI have no problem with discouraging alcohol, tobacco, heroine, cocaine, and gasoline usage.
- kolbe 11y agoCool. That would get us a few billion of the five trillion we need to collect.
- dennisgorelik 11y ago1) Total alcoholic beverages sales in the U.S. $211.57bn [1] 2) Why do we need to collect five trillion? [1] http://www.statista.com/topics/1709/alcoholic-beverages/ http://www.statista.com/topics/1709/alcoholic-beverages/