AMERICAN CONSERVATISM IN 2008 AND BEYOND

It doesn't prove that their tax rates were the cause of their productive capacity.

These so-called conservatives on a2k has no real evidence about taxation, and continue to make false statements. Here's a study done by the Australian government on corporate taxes which refutes everything okie, ican, and all the others had to say on this subject.

http://comparativetaxation.treasury.gov.au/content/report/html/07_Chapter_5-01.asp

If any of these conservatives gets anything right, it'll be purely accidental.

Many of them do, but beyond that simple answer, many of the countries with higher personal income tax rates actually have lower corporate tax rates than does the United States.

Simple common sense and basic economics tells us that taxes constitute a cost of doing business just like there are other costs, such as labor costs, energy, rent, etc. furthermore, it isn't just taxes on your business, it is the taxes on your suppliers, your customers, literally everyone that your business buys from or sells to, and likewise to them, literally the entire society. Obviously, taxes are just one factor of many that may exist from one country to another so it is difficult to isolate one factor and draw a one to one comparison between countries in terms of productivity. Again, common sense tells us that if you can lower the cost of production, then productivity increases because you can produce more product and sell more product in the global economy. Simply look at the auto industry, ci, if GM and Ford could have reduced their labor costs, other costs, and taxes in the past, they could have been more profitable and could have sold more cars at a more affordable price, not only here but worldwide.

Taxes are obviously not the only cost of business, there are many, but it is one very important one. I know that from being in business. If you haven't tried it, then you probably don't know it, but its true. Ask any business owner or corporation. Don't ask Obama because he doesn't know it, apparently.

okie wrote:

But you haven't proved you have any common sense nor basic economic knowledge.

Here you go, republicans. The GOP members of congress voted against the stimulus package, but the republican governors are going to Washington DC to ask for their share. Seems the GOP is splintered; where do you guys stand? LOL

They are like a bunch of kids, ci. If there is candy to be passed out, they all want some, without regard to party. Not all republicans are conservative, thats about all I can tell you, ci.

Oh? Without regard to party? Another idiotic statement from the dummy.

okie--As usual, Cicerone Imposter attacks you but gives no evidence as to why you are wrong. He rarely gives evidence or documentation. Look at the rates below( from Wikipedia)--NOTE ESPECIALLY THE DOUBLE TAX ON CORPORATIONS IN THE US--FROM THE FEDERAL GOVERNMENT AND FROM THE STATES---

This is a list of tax rates around the world. It is focused on three types of taxes: corporate and individual taxes and sales taxes (value added taxes (VAT) / goods and services taxes (GST) / sales).

Country Corporate Individual Payroll tax VAT / GST / Sales Primary tax articles
Algeria[2] 30%+3% 0-40% 7/14/17%
Argentina 35% 9-35% 21% Taxation in Argentina

Australia[3] 30% 0-45% 10% (GST) Taxation in Australia
Income tax in Australia
Goods and Services Tax (Australia)

Austria 25% 21-50% 20% (GST)
Azerbaijan[2] 22% 0-35% 18%
Bangladesh[2] 0-40% 0-25% 4-15%
Barbados[4] 40% 25%-40% 15% (hotel accommodation 7.5%)
Belarus[2] 24% 12-30% 35% 10/18%
Belgium 33.99% 25-50% 21%
Brazil 34% 0-27.5% 31% 17-25%
Bulgaria 10% 10% 42.7% 20%
Burundi[5] 35% 35% N/A
Cameroon[2] 38.5% 10-35% 19.25%
Canada[6] 29.5-35.5% 15-29% (federal)
4-24% (provincial)
4.95% (CPP) 5% (GST)
0-10% (provincial sales taxes)
Taxation in Canada
Income taxes in Canada
Sales taxes in Canada
Goods and Services Tax (Canada)

Chile[7] 17% 0-40% 19%
China 25% 5-45% 17% Tax system in China

Colombia[2] 35% 0.29-38.5% 16% Taxation in Colombia

Croatia[2] 20% 15-45% 37.2%[8] 22%
Cuba[2] 30% 10-50% 12%
Cyprus 10% 20-30% 15%
Czech Republic 21% 15% 47.5% 19%
Denmark[9] 25% 0-63% 25% Taxation in Denmark

Egypt 20% 10-20% N/A
El Salvador 25% 0-25% 13%
Estonia 21% 21% 33% 18%
Finland 26% 9-32% national, 16-21% municipal 22%
17% (food and fodder)
8% (e.g. accommodation and culture)
France 33.33% 10-50% 45% 19.6%/5.5% on certain goods (e.g. food) Taxation in France

Germany 29.8% (average) 0-45% 19%/7% on certain goods (e.g. food) Taxation in Germany

Georgia[2] 20% 12% 18%
Gibraltar 33% 17-40% N/A
Greece 22/25% 0-40% 19%
Guatemala[2] 31% 15-31% 12%
Guyana[10] 35%/45% 33"% 16%/0%
Hong Kong[11] 16.5% 0-15% N/A 0% (for the time being) Taxation in Hong Kong
Goods and Services Tax (Hong Kong)

Hungary 16% 18% and 36% 50.5% 20%
Iceland[2] 18/26% 0-36.72%[12] 6% 0/14/24.5%
India 30-40% 10-30% 12.5% Taxation in India
Income tax in India

Indonesia 30% 5-35% 10% Taxation in Indonesia

Iran 25% 0-35% 0% Taxation in Iran

Ireland 12.5% 20-41% 16.75% 21% Taxation in Ireland
Corporation tax in Ireland

Israel 27% 10-47% 15.5%
Italy 33% 23-43% 20%
Japan 30% 5-40% 5% (consumption)
Jordan[2] 15/25/35% 5-30% 16% (GST)
South Korea[2] 13/25% 9%-21.375% + 36% excess 10%
Latvia 15% 25% 33% 18%
Lebanon[2] 15/4-21% 2-20% 10%
Lithuania 20% 21% 34% 19%
Luxembourg 29.63% 6-38.95% 15%
Malaysia[2] 28% 0-28% 5% GTS
Malta 35% 0-35% 18%
Mexico 28% 3-29% 15%
Monaco 33.33% 0% 19.6%
Montenegro 9% 15% 17%
Morocco 35% 0-41.5% 20%
Nepal N/A 10% to 25%[13] 13%[14]
Netherlands 25.5% 0-52% 19% (6% for essential and selected goods) Taxation in the Netherlands
Income tax in the Netherlands

New Zealand 30% 0-39% 12.5% (GST) Taxation in New Zealand
Goods and Services Tax (New Zealand)

Norway 28% 0-47.8% 14% 25% 14% for some goods
Pakistan 35% 7.5-35% 16%
Panama[2] 30% 0-27% 0/5%
Peru[2] 27% 15-27% 2/19% Taxation in Peru

Philippines 35% 5-32% 0 ; 7 ; 12%
(in some cases, foreign investors are zero-rated)

Poland 19% 18-32% 41.11% 22%, 7% (reduced rate on certain goods)
Portugal 27.5% 10.5-40% 20%
(reduced rates on certain goods -- 5% or 12%)

Romania 16% 16% 45.15% 19%
Russia 20% 13% 18%, 10% and 0%
(reduced rates are for certain goods)
Taxation in Russia

Saudi Arabia[15] 20%-85%
11% Social security Residents 2.5% Zakat
Non-residents 20% N/A
Senegal[2] 33% up to 50% 20%
Serbia 10% 10/14% 35.8%[16] 18%
Singapore 18% (17% as of FY 2010)[17] 3.5%-20% 7% (GST) Income tax in Singapore
Goods and Services Tax (Singapore)

Slovakia 19% 19% 19%
Slovenia 22% 16-41% 20%
South Africa 28%[18] 18-40% 14%
Spain 25-30% 0-42% 16%
Sweden 28%[19] 28.89%-59.09%[20][21] 32.42%[22] 25%. 12% and 6% for some goods.[23] Taxation in Sweden

Switzerland[2] 13-25% 0-13.2% (federal) 3.6/2.4/7.6% Taxation in Switzerland

Syria[2] 10-45% 5-15% Debuts in 2008
Republic of China 25% 6-40% 5%
Tanzania 30% 15%-30% Taxation in Tanzania

Thailand 30% 5-37% 7%
Tunisia[2] 30% 0-35% 6/12/18%
Turkey 20% 15-35% 18%
Ukraine[2] 25% 13%[24] 20%
United Arab Emirates[2] 0% 0% 0%
United Kingdom [25] 21-28% 0,20,40% 23.8% (National Insurance) 17.5% (Temporarily 15% until January 2010) Taxation in the UK
Value added tax

United States[26][27][28][29][30] 15-39% (federal)
0-12% (state) 0-35% (federal)
0-10.3% (state)
15.3% (federal) 0-10.25% (state and local) Taxation in the U.S.
Income taxes in the U.S.
Sales taxes in the U.S.

Uruguay[2] 30% ?-24.125% 23%
Uzbekistan[2] 12% 13-30% 10-20%
Venezuela[2] 15/22/34% 6-34% 8-10%/9%
Vietnam 28% 0-40% 10%
British Virgin Islands 0% 0% 10-14% 0% Taxation in the British Virgin Islands

Zambia 35% 10-30% 17.5%

Your stupidity is noted.

Please cite which of the G8 countries you think has no local taxes beyond their federal taxation?

Please explain how taxation from more than one entitity results in "double taxation" In case you didn't realize it, in the US, you can write off your local taxes when you calculate your federal taxes. Explain how not paying federal taxes on your local taxes results in "double taxation".

The tax rates given are deceptive. For instance, regarding US corps, they don't reflect that various deferrals, deductions, credits, and income shifting to subs, allow many of them to escape taxation, or pay at a very low effective tax rate. Moreover, deferred income is often transformed into capital gains that are taxed at lower rates than appropriate.

genoves has the habit of not looking at the Total Tax paid; tax rates mean nothing. All these conservatives falls into the same trap of using the conservative playbook, and not looking at the FACTS.

In the free world, only Japan has a higher corporate tax rate than the USA and the latest that I read, they are feeling the pinch of competition and are working on ways to bring that down. (Their last big reduction in taxes was in 1999.) When they do, Japanese products will be even more attractive in the USA and there will be less incentive for the Japanese to build manufacturing plants that create jobs in the USA.

Our federal tax on business/corporations has a dibilitating effect on our ability to compete in a global market, and the states also carve out a big chunk of taxes imposed on business that exacerbates the problem:

Foxie is using the same conservative playbook, and looks only at "rates." When will they learn that tax rates is not the issue; it's how much they really pay.

Advocate understands the difference between tax rates and what corporations actually pay.

From Wiki:

Your link gives as data for Germany (corporation tax) two different figures for the Federal Corporation Tax and the State Corporation Taxes.
According to our constitution (Article 104 of the Basic Law), the corporation tax is shared euqually between the Federal government and the states.
States don't have own Corporation Taxes.

CI is correct; this focus on 'top rates' is asinine, b/c most Corporations pay no taxes at all.



http://dealbook.blogs.nytimes.com/2008/08/13/study-tallies-corporations-not-paying-income-tax/

The notion that American businesses are somehow being held back by high tax rates is a lie. There is no evidence whatsoever that this is true. In fact, we have such loose loopholes in our tax code, the opposite is in fact true; that America itself is suffering from a decided lack of tax income from our resident corporations.

Just another falsehood peddled in the name of,

Making the Rich, Richer!

Courtesy of our local Republican hack posters. Who are either being disingenuous or idiots.

Cycloptichorn

Cyclo wrote:

FYI, it's plain "ignorance." They can't understand the true personal income taxes paid by individuals, because tax rates means nothing based on income; it's how much deductions one can apply to income that results in the actual taxes paid.

c.i....cyclop...ya can sum it up with...

...none so blind as those who will not see.

Put another way, everybody in the US earning $100,000/year does not pay the same amount in taxes. Taxes are based on Net Taxable Income.