Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 191.72

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Dec 26 9:30 AM EST

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To: Kirk © who wrote (2472)	12/17/2014 10:42:31 AM
From: robert b furman	3 Recommendations Recommended By Kirk © PJr the traveler Read Replies (1) of 26875

Hi Kirk, Yes the ACA tax is an additional .9 % tax on all personal plus passive (from K1's) income over 250,000. I believe most politicians do not even understand the total impact of the taxes they have overlayed on the wealthiest income earners. They get so caught up in their class warfare rhetoric, that they do not understand how big a price wealthy corporations and their wealth creators must pay to repatriate the off shore wealth created. A tax holiday would be a windfall and the politicians greed is preventing it. If this was not the truth - the concept of inversions would not exist. Inversions are proof that excess taxes exist in the USA. Most corporate leaders do not expect the US tax rate to be the cheapest - it just has to be remotely close. The trend of other countries reducing corporate tax rates is proof that our current position is suspect to attrition from those that are friendlier to capital and its costs. Capital goes where it is treated the best - period!! Bob

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