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View Diary: New Democratic bill would raise the minimum wage to $10.10 (84 comments)

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  •  Bring back the AT&T monopoly? (1+ / 0-)
    Recommended by:
    elwior

    No VOIP in 1968.  It was pretty much impossible to outsource a call center.

    •  Stop rewarding outsourcers with tax breaks (4+ / 0-)

      for shipping jobs overseas.  Once the loopholes and tax breaks are removed from companies that ship jobs overseas, workers here will be on a much more level playing field.

      It is an old strategy of tyrants to delude their victims into fighting their battles for them. FDR

      by Betty Pinson on Tue Mar 05, 2013 at 11:47:46 AM PST

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      •  What are those tax breaks for shipping jobs? (1+ / 0-)
        Recommended by:
        Utahrd

        they don't actually exist.  If you think they exist, please provide the part of the tax code that permits this.

        These tax breaks are an urban legend.

        The most important way to protect the environment is not to have more than one child.

        by nextstep on Tue Mar 05, 2013 at 12:51:38 PM PST

        [ Parent ]

        •  Um, how about not having to pay (1+ / 0-)
          Recommended by:
          zinger99

          payroll or unemployment taxes? Foreign tax credits?
          Here's a link to a company that is recommending outsourcing as the good that it is!
          < /snark>

          "Lone catch of the moon, the roots of the sigh of an idea there will be the outcome may be why?"--from a spam diary entitled "The Vast World."

          by bryduck on Tue Mar 05, 2013 at 02:38:04 PM PST

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          •  Foreign employees are not eligible for US (0+ / 0-)

            unemployment benefits, but the business is required to pay local taxes.  Foreign tax credits exist because of the strange US policy of trying to tax business activities of US companies in other countries -- something that successful exporting nations do not do.

            Under US tax policy if two identical businesses had operations in the same countries around the world, if one of the companies were based in the US - it would pay more total taxes than a non-US company.

            There are no tax breaks for shipping jobs overseas - unless you call leaving the US because it taxes in very foolish ways that are counter-productive - a tax break.

            The most important way to protect the environment is not to have more than one child.

            by nextstep on Tue Mar 05, 2013 at 04:45:43 PM PST

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            •  I think you are reading the term (0+ / 0-)

              "tax breaks for shipping jobs overseas" too literally. No, of course we don't give money for the actual act of outsourcing; the tax breaks are as I noted above--it's the absence of paying US taxes for your labor that is the break.

              "Lone catch of the moon, the roots of the sigh of an idea there will be the outcome may be why?"--from a spam diary entitled "The Vast World."

              by bryduck on Thu Mar 07, 2013 at 08:55:06 AM PST

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        •  Are you really that blind? (1+ / 0-)
          Recommended by:
          zinger99

          There are many benefits, besides lower salaries, for shipping jobs overseas. For example companies don't have to pay payroll taxes for overseas workers. By offshoring jobs it allows companies to hold vast amounts of cash offshore on the flimsy pretense it's for their "overseas operations". Here's a longer description

          When a U.S. taxpayer has overseas income, taxes paid to the foreign jurisdiction can generally be credited against U.S. tax liabilities.  In general, this "foreign tax credit" is available only for taxes paid on income that is taxable in the U.S.  The intended result is that U.S. taxpayers with overseas income should pay no more tax on their U.S. taxable income than they would if it was all from U.S. sources. However, current rules and tax planning strategies make it possible to claim foreign tax credits for taxes paid on foreign income that is not subject to current U.S. tax.  As a result, companies are able to use such credits to pay less tax on their U.S. taxable income than they would if it was all from U.S. sources – providing them with a competitive advantage over companies that invest in the United States.
          So a rule designed to help Americans working overseas has been perverted by business to make it profitable to send American jobs (but not the Americans that used to do them) overseas to lower their corporate tax burden.

          You can't assassinate the character of any of modern conservative. You'd have to find where it was buried, dig it up, resurrect it, then kill it. And killing a zombie isn't really assassination, is it?

          by ontheleftcoast on Tue Mar 05, 2013 at 02:51:14 PM PST

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          •  US Tax policy discourages putting operations (0+ / 0-)

            and jobs in the US by not having a territorial tax system, by focusing taxation on where good and services are made rather than where they a purchased, by having a 35-42% business income tax rate when developed countries are less than 25% in most all cases.

            Developed countries such as Germany, Sweden, Denmark, Finland, Switzerland, etc. do a far far better job in business tax policy than the US, while having high wages, low unemployment and big government.

            However, a company minimizing exposure to a tax system in conflict with the rest of the developed world is not a tax break anymore than a wealthy person leaving California because of the state income tax to live in Washington, Texas or Nevada which has no state income tax.

            The way the US taxes has the effect of discouraging US jobs, lower wages and lower economic growth and then does a poor job in getting tax revenues.

            I have done international business for over 25 years, and few people appreciate just how bad US tax policy is for nearly 100% of US citizens (our policy is great for International tax lawyers).

            The most important way to protect the environment is not to have more than one child.

            by nextstep on Tue Mar 05, 2013 at 05:03:24 PM PST

            [ Parent ]

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