Skip to main content

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

Comment Preferences

  •  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 ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site