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Non-Tech : Kirk's Market Thoughts
COHR 191.72+0.2%Dec 26 9:30 AM EST
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Brian Sullivan
To: Jerome who wrote (2434)12/16/2014 1:42:44 PM
From: Kirk ©1 Recommendation  Read Replies (2) of 26871
 
Why doesn't your reply surprise me? Easy, I knew you would chime in with a nonsensical reply.
The average corporate tax rate (for those corporations that pay anything) is about 16%.

You might ask what is the INCREMENTAL tax to bring a dollar of income home... probably 35%

Below is a "duh" comment for most of us, but for those who still don't get it...
The companies WITH a TON of CASH overseas being used to hire workers in other countries are the ones who would pay 35% if they tried to bring the cash back.

I'll go to the first company I know of with significant sales overseas.....
  • in 2013 Intel earned $12.6B and paid $3.0B in taxes
  • http://finance.yahoo.com/q/is?s=INTC+Income+Statement&annual
  • 3.0/12.6x100 = 24%
  • In 2012 Intel earned $14.9B and paid $3.9B or 26%. Earned more so higher taxes. Seems progressive.

They benefit greatly from the R&D tax credits plus they build a lot of chips in US plants for more credits... but 24% is hardly 16%.
  • Also, are you against R&D tax credits your party seems fond of?

Obviously, if they were paying zero from all the loopholes you talk about, then they would bring the cash back rather than borrow money to pay dividends and buy back shares while using the foreign cash as "collateral" to get super low interest rates.

Do you have a link showing what the top companies pay in taxes AND what their incremental tax hit is for an incremental $1,000 dollars of income brought back to the US?


Sometimes I wonder how anyone with your obvious high intelligence can be so blind to bull shit dogma of the far left.

Then again, I also don't understand how a woman can pay $10,000 for something that we get to carry stuff in stores for a dime (if we forget to bring our own bags.)

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