alwaysthrowaway

5 ms·

1. 1.▲
   by alwaysthrowaway 8y ago

   You understate how shocking the situation is: "The U.S. spends more public money on healthcare per capita than Canada, Sweden, Denmark, Germany, Switzerland, France, Japan, Australia, New Zealand, and the United Kingdom. In fact, each
2. 2.▲
   by alwaysthrowaway 8y ago

   US tax system has very few loopholes. Double Irish / Dutch sandwich avoid EU taxes, not US. US tax on foreign income can be deferred - indefinitely - as it is only paid when the money is repatriated. But to truly avoid US corp tax is g
3. 3.▲
   by alwaysthrowaway 8y ago

   Other posters report that it's due to an accounting change.
4. 4.▲
   by alwaysthrowaway 8y ago

   Note that many US states have their own corporate income tax levies as well. California charges about 10% I believe. Thus a corporation domiciled in California is still paying a corp tax rate about as high as any in the world.
5. 5.▲
   by alwaysthrowaway 8y ago

   "In a state like California, our taxes on rich people and corporations are already about as high as in Germany, its our taxes on people making sub-200k that really dramatically lower. That’s where most of the income is—in the 50-99% ra