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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (456051)	9/10/2003 12:44:06 PM
From: Bill	Read Replies (2) \| Respond to of 769670

WRONG again. But if you keep using things we agree on to disagree with me you'll do nothing but improve your typing skills. We agree that corp excise tax accounts for approximately 10% of fed tax receipts. Got it? We agree its proportion is 10%. But you have no idea how much a corporation pays in tax on 100K in profit. It's 34% for almost all medium and large companies. (The sliding scale goes to a flat 34% on all income over 334K.) So an Oracle, with a couple billion in profit, has to pay 34% on any additional 100K which drops to its bottom line. Get it now? The second correction needed is your use of adding individual state taxes into the comparison of federal taxes. Either stick to the fed comparison or I'll introduce you to a concept called state corporate taxation. Now, I challenge you to find a way that a corp can extract that 100K savings from the company (attained by shipping a job offshore) without paying at least as much fed tax as retaining the employee here. Can't be done.