1. Home
  2. RISING
  3. Are We Just Expecting Too Much From Lower Taxes In A Global Economy.?

Discuss in my Forum

Are We Just Expecting Too Much From Lower Taxes In A Global Economy.?

By antivirus software Posted in: RISING

Thinking that lowering taxes are going to win the U.S. jobs from companies that can operate anywhere in the world. Taxes are no more than 12% of the cost of doing business in a country. Don’t we have to come up with a better plan to attract and keep businesses in the USA?
Baltimore is on the list as the 10th cheapest city in the world from a tax standpoint. The headline there is Jobless claims increase by 26000: Unemployment claims on the rise. http://www.examiner.com/google-trends-in…
In the main Competitive
Alternatives 2010 study, we noted that
income taxes typically represent up to
12 percent of location-sensitive costs.
This cost is relatively low compared to
other costs, such as labor (46 – 85 percent
of location-specifi c costs), facilities (2 –
18 percent) and transportation (5 – 18
percent).http://www.kpmg.com/Ca/en/IssuesAndInsig…

  1. Phil Mirzoev Says

    Yes, you have to come up with a better plan if not attract then at least to ameliorate the state of the business in the US in the longer perspective if:
    1) American own huge quasi-monopolies like Exxon-Mobile are stopped from escaping to the off-shore zones and getting away with paying ZERO taxes 2) Taxes are raised for the huge corporations and left low or even lower for small business 3) Government will successfully start a major transition to the 21th century energy production/use model, spending aptly on the science and the appropriate infrastructure 4) trade imbalances between the US and some other countries (like China) are leveled off either by devaluation of the dollar or by diplomatic actions or by an open trade war with those countries.

  2. Anonymous Says

    If you look beyond America you will see one European Nation after another collapse under the weight of their debt. Bailouts provided by the EU (Germany) and the IMF are only provided when these governments introduce austerity programs to reduce their spending.
    The result is social unrest as violent gangs of spoiled , socialist, whiners take to the streets.
    Anyone who is paying attention does not want America to sleep walk into the same disastrous situation.
    If we go bankrupt there is no one to bail us out.

  3. Evie Says

    Not according to Forbes and Money Magazine.

  4. Anonymous Says

    You are correct – especially when it comes to lowering taxes for those making over $250,000.00.
    This is purely a Republican gimmick so that they can get re-elected. It’s all about generating cash for the election coffers. USA voters are easily fooled.

  5. Alex Tubruton Says

    Nope – the commercials were quite clear. Cutting taxes will eliminate the deficit and unemployment and will bring peace to all mankind.

  6. Kenneth B Says

    lowering taxes don’t do a dam thing if you don’t have a job, that just the cons ideal of keeping the rich happier.

  7. slpknthe Says

    We should put protective tariffs on ALL imports. Everything that is made in America should have a 0.05% tax while imports should have 90% tax.
    Or we could just ban imports.

  8. Anonymous Says

    They are not lowering taxes, they are keeping them the same. We have to start somewhere.

  9. rejected Says

    So if we remove ALL taxes unemployment should disappear ?

  10. James K Says

    it’s all about trying to lower unemployment. if we can get some of this “stimulus” money to work for the us of a, the tax extensions work. if not, were f’d because of the deficit.
    the deficit is our BIG problem but with a thriving economy, we can pay that down quickly. it’s a gamble and the obama health care thing is a huge impediment towards growth, but we couldnt have done more to increase certainty about income.
    congress just voted down the omnibus spending bill so for now, we have done EVERYTHING we can.
    what we are trying to do is prime the carberator to get it started. after we get her running we can lower the air flow/gas, (debt).

Leave a Reply

You must be logged in to post a comment.

More Interesting Things

©2011 Fave Anti-Virus Software, All rights reserved.