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That's already happening, look at the HVAC company Trump claimed to fix. Jobs went to Mexico anyway. It's not the taxes, it's wages. Taxes are just a percent
by luckydude 9y ago
That's already happening, look at the HVAC company Trump claimed to fix. Jobs went to Mexico anyway.
It's not the taxes, it's wages. Taxes are just a percentage of your costs. Wages are a much, much bigger percentage. As a CEO/COO, I can manage the tax burden just fine, I just make sure I have enough expenses and presto! No taxes for me. That's relatively easy so all this noise about taxes is BS. The effective corporate tax rate in the US is under 19%:
https://cbo.gov/system/files/115th-congress-2017-2018/reports/52419-internationaltaxratecomp.pdf https://cbo.gov/system/files/115th-congress-2017-2018/report...
That's noise in the system compared to wages. Jobs move out of the country because other countries have a lower standard of living and you can get the same work done for less money.