That's because the "free schit" argument is a made up right wing blathering point.

The real "free schit" is the hundreds of billions of corporate welfare.

Fish on...

Todd

Not disagreeing with that. No “free schit” applies to everyone... and especially not wealthy corporations.

So tax cuts for the rich that drive the deficit up over a trillion is a bad thing?
Ya I saw a the fvcking Libertarians raising all kinds of hell over that.
What I did see after that was Rand Paul questing how much the deficit would go up by compensating the 911 first responders.
What a fvcking piece of sh1t.

America has some of the highest corporate tax rates of any country in the world... but by far the biggest problem is that it has the highest expenditures of any country in the world. Cut the spending... cut the taxes. It’s simple enough for even you to understand.

What if the gorilla was owned by a former cop who taught it take-down techniques, choke holds and head slams against hard surfaces.

Bear Lives Matter!

You are regurgitating yet another right wing Trumpian talking point...another false one.

The US's effective corporate tax rate is like 80th or 90th in the world...can't recall exactly, but it fluctuates in there.

Don't quote Trump...you know what that will get you.

Fish on...

Todd

You realize that just changed since Trump took office, right? Prior to 2018 you are incorrect. The United States had the 4th highest statutory corporate income tax rate in the world. Half of the problem has been solved... but if you cut taxes you must also cut spending... waiting for the orange man to finish the job... looking like he probably won’t.
https://taxfoundation.org/corporate-income-tax-rates-around-the-world-2017/

Grizzly schmizzly, Kung Flu Panda trumps all.

Trump will succeed where the Democrats have failed for generations.
He is going to stick a gigantic fork in the Republican Party.

Problem is not tax rate. The problem is tax loop holes and the way 401k's work in America. Take Amazon, they paid zero in Federal Taxes in 2018. They also paid no dividends. Result... no taxes to the Fed's. Since most of the gains are tax protected in 401k's, even the cash out goes largely untaxed. Most companies push increases in value over paying out dividends. They reinvest profits in ways to grow and avoid paying taxes. The sheep only see the increase in total value on their 401K and get excited.

Again, the current incentive is to take all profits, convert them in to tax free growth and expansion. This cuts the taxes payable. allowing the money to be invested tax free, showing higher the corporate value to growth. Multiply this over years, and this will show a much higher growth rate than the companies that show a profit and payout dividends. Since very few are getting the cash dividends in their pocket, the long term growth is more acceptable, as long as the company or economy doesn't crash.

This whole scenario, of course, creates huge wealth potential to those who can take advantage of the short term swings in value. Hence, a motive to drive stocks up and down by the very rich and powerful. Those who have the knowledge and ability to play the market make billions off the masses stuck in managed portfolios.

Drop corporate taxes to nothing, take away loopholes, require corporations to spend a percentage of total profit in dividends, before reinvestment, require 401k's to pay these dividends out in real time, and then tax them at a capital gains rate. Allow startups time to get established, say 5 years, before requiring the dividends, and allow different rates for some industries. Give Bio techs, perhaps, a lower payout then banks, since the requirement to reinvest in development is different.

Just crying about how corporations need a higher tax rate, which seems to the main liberal talking point, shows a lack of understanding.

Well that's a pretty friggin good writeup, KJ.

Great post, Krijack. Many excellent points well stated.