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  • cosmelogicalcorrespondent cosmelogicalcorrespondent Aug 4, 2014 12:54 PM Flag

    effective corporate tax rates are lower now than in decades

    How did wag manage the higher effective rates corporations paid in the Reagan or Bush 1 or Clinton or Bush 2 years? now they want to shirk taxes? It's just a sleazy way to line their pockets by shirking US taxes which means everyone else will pay more.

    GAO: U.S. corporations pay average effective tax rate of 12.6%
    , 2013

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    • Companies like WAG wouldn't be taking such extraordinary steps to do inversions if taxes weren't so high in the U.S.

      You and GAO and anybody ELSE who wants to make a political statement can say what you want...

      ... but in the end, the "realities" of the situation are expressed when companies like WAG speak with their FEET... and their FEET are walking toward a country that isn't on the anti-capitalism crusade that Obama has this country on.

    • No, everyone else will not pay more, the government will just go deeper in debt. Business as usual.

      • 1 Reply to henleywm
      • I guess you have missed ACTUAL gop policy as enacted, for instance in Kansas gov brownback raised taxes on the middle class and poor while cutting taxes for the 1%.... which policy has increased their debt and moodys recently downgraded Kansas... and ntm that this typical gop trickle down idea did not result in more jobs, they lag the nation in job creation. ( Mittens advocated the same, if you remember, he also advocated raising taxes on the lower incomes while cutting taxes for the rich, he termed it "broadening the base".....for a little perspective keep in mind that just 2 billionaires in the USA made more in 2013 than the entire USA welfare budget for 2013 (TANF).....or that the 1% earned more from their investments in 2013 by far than the total cost of Social Security, Medicare, Medicaid, and the entire safety net of (SNAP, WIC (Women, Infants, Children), Child Nutrition, Earned Income Tax Credit, Supplemental Security Income, TANF, and Housing).

        keep in mind that their taxes now are about lower than ever (Mitten's effective income tax rate is about 13%.. and the top 400 returns in the USA pay about 17% for an effective rate) the current effective rate for corporations is also about the lowest ever, low than Reagan, Bush 1, Clinton and Bush2... GAO: U.S. corporations pay average effective tax rate of 12.6%
        July 1, 2013

        and guess what? the usa national debt was smaller every year per gdp from the end of WW2 right up until Reagan came to town ..... and don't forget how W's tax cuts for the rich ramped the debt up at an even steeper rate (he also ramped up spending... first time ever USA went to war without INCREASING taxes ,,, worse..... the gop cut them....

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