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Some Billionaires Pay Tax at 1% Rate.
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<blockquote data-quote="av8torntn" data-source="post: 910739" data-attributes="member: 8259"><p>I will say that I disagree. I can see no reason for a corporation that earns money in another country and is taxed in that country that they should also be taxed here. I think these are the deductions that most people are complaining about. That creates a huge disincentive for a company like GE to bring those profits back to this country. I don't agree that the US should have the authority to tax everything in the world.</p><p></p><p>As far as subsidies yes you should be allowed to succeed or fail on your own but that goes for the individual as well as companies.</p></blockquote><p></p>
[QUOTE="av8torntn, post: 910739, member: 8259"] I will say that I disagree. I can see no reason for a corporation that earns money in another country and is taxed in that country that they should also be taxed here. I think these are the deductions that most people are complaining about. That creates a huge disincentive for a company like GE to bring those profits back to this country. I don't agree that the US should have the authority to tax everything in the world. As far as subsidies yes you should be allowed to succeed or fail on your own but that goes for the individual as well as companies. [/QUOTE]
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Some Billionaires Pay Tax at 1% Rate.
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