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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (601985)	2/28/2011 8:39:49 AM
From: Alighieri	Read Replies (6) \| Respond to of 1577996

The Treasury Department estimates that various corporate tax breaks will cost the federal government more than $1.2 trillion over the next ten years (2008-2017), a period during which total corporate revenues are projected to equal $3.4 trillion.[7] Temporary my ass...look at the net effect over a ten year period....furthermore... Many smaller corporations do not face the top statutory corporate tax rate. For small corporations, another reason that the top statutory corporate tax rate is an inaccurate measure of the U.S. corporate tax burden is that many of these companies do not face the top rate.[7] In contrast to many other developed countries, which apply the same tax rate to all taxable corporate income, the United States has a graduated corporate tax structure, in which corporations with smaller incomes are taxed at rates below 35 percent. Now watch corporate america lobby against the following... Broaden the base, reduce the rate. Corporate tax reform that eliminates a portion of the existing tax breaks and uses the savings to offset the cost of reducing statutory corporate tax rates would likely improve economic efficiency without increasing deficits and debt. Al