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Non-Tech : Kirk's Market Thoughts
COHR 191.28-0.3%Dec 24 12:59 PM EST
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To: Kirk © who wrote (1694)7/17/2014 7:48:52 AM
From: Jerome  Read Replies (2) of 26846
 
Kirk, You have been on this bandwagon about cutting taxes as the path to prosperity for some time. Like a dog chewing an old bone you just refuses to face the reality of history.

The Republican Kansas governor promised prosperity Shifting for Kansas if corporate taxes were eliminated. The experiment failed , Kansas lagged the rest of the country in job creation.

My point was that Kansas cut corporate taxes to Zero.......and there was no impact on job growth. Kansas prospered less than the national average in terms of job growth.

You keep talking about a higher tax rate for executives if they got more money. But executives with big incomes find ways to shelter most of it from taxes. Romney with his huge income paid only about 10% in Federal taxes.
If an executive with a multimillion dollar salary is too stupid to shelter most of his income from taxes then he is also too stupid to remain a chief executive of a major corporation.

Closing tax l holes is another idea going no where. You see how disfunctional Congress is......they have no inclination to do anything. There is just too much money on either side of any tax issue to move the needle either way.

Shifting corporate headquarters to lower taxed countries is the fad right now. Sometimes there is a legitimate business reason for this shift (being closer to customers is a legitimate reason). I would say that if your business model depends on gaining of few percentage points in income from moving to another country......then you you have a very poor business model. A better solution would be to hire better tax accountants (Like GE does) and pay lower US taxes. Corporate taxes may be lower in Ireland but personal taxes and sales taxes
are usually higher.
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