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

To: Wharf Rat who wrote (762397)	1/8/2014 6:18:17 PM
From: d[-_-]b	Read Replies (1) \| Respond to of 1573925

You are such a long term thinker it's scary. No R's would vote for that and no corporation would support a democrat candidate ever again.

To: Wharf Rat who wrote (762397)	1/8/2014 6:27:02 PM
From: TimF	Read Replies (1) \| Respond to of 1573925

More likely it will sit overseas for generations if need be until the rate is lowered to something more reasonable. For corporate taxes arguably zero would be a rather reasonable rate. If the corporation distributes the money in dividends, or share-buybacks, or bonuses for the executives, then the recipients will pay the taxes. But at least having a rate that was closer to the average rate across the world would be a good start.

To: Wharf Rat who wrote (762397)	1/8/2014 6:44:42 PM
From: combjelly	Read Replies (2) \| Respond to of 1573925

Raise it to 100%, and it will come back real fast, before that rate goes in to effect. Let it stay there. The last time we cut the tax rate so that money was repatriated, it all went to dividends and bonuses. In other words, the 1%. Which is ok, but it isn't a very efficient boost to the economy.

To: Wharf Rat who wrote (762397)	1/8/2014 9:45:02 PM
From: koan	Read Replies (1) \| Respond to of 1573925

<<Lower the tax rates for foreign earned income and it will return and can be taxed." Raise it to 100%, and it will come back real fast, before that rate goes in to effect.>> Boy that is a good one rat!!

To: Wharf Rat who wrote (762397)	1/8/2014 11:57:03 PM
From: i-node	Read Replies (1) \| Respond to of 1573925

>> Raise it to 100%, and it will come back real fast, before that rate goes in to effect. That's ridiculous. Apple just borrowed money with which to pay dividends it could have deferred paying indefinitely. This is not someone who is thinking about repatriation. Tim Cook testified before Congress that if they would be reasonable with the cost repatriation they would take that course. Congress, like the idiots they are, ignored him. That money is gone forever, as far as the US should be concerned. The corporate income tax is about the most stupid economic policy this country has and we have a lot of stupid economic policies. There is absolutely no reason for the corporate income tax to exist at all other than to pacify idiots who don't understand which side their bread is buttered on.