Slaphappy

You are right, they found ways to offshore their money to avoid the higher taxes and that was the problem and that problem is now fixed. Either way at 35% we did have one if the guest corporate tax rates on the world. If you recall delta wanted to set up a company in Holland just for that purpose.

Either way it's very good that we dropped it and we are already seeing the benefits.

Slaphappy

"Pay back" what? It's our money they are just taking less of it. If they can't afford it then cut spending.

BKbigfish

Just the party of fiscal responsibility being fiscally irresponsible again... nothing to see here. Hey mods, make sure to shut down this thread now that somebody made a comment that conflicts with the typical Fox News BS that’s spewed on a regular basis on this forum.

Bluesideup1

The fact that he is in office and not some whacked out socialist is exactly the reason that the stock market is where it is. He is cutting regulations that kill business, lower taxes for business. He is creating a very business friendly environment and the stock market is reacting accordingly.

Bluesideup1

It is already my money why do I have to pay a government back. This is the illogical thinking that is the liberals. For some reason you think it is the government money.

If the government can't balance a budget then it is time for spending cuts not more money.

Bluesideup1

No the corporate rate was 35 percent. Yes they used a myriad of deduction to get it down but it was still much higher than the average corporate tax rate which sent money fleeing the country. Now Trump has brought it back and this will help fill the coffers of the government and allow business to grow.

I mean didn't Apple and the other tech companies just bring back around $400,000,000,000? That is FOUR HUNDRED BILLION for those who can't count that high that would not have been taxed by another country at a lower rate. But with Trump's tax cuts that has added just from the repatriation of those moneys at least $80,000,000,000 (80 BILLION).

Then again I bet you didn't even know that they were bringing this money back in because once again the MSM will not run this as it is too good for Trump and shows what BS the libs spew when they said all the tax cuts were going to do was enrichen the investors and CEO's.

The truth does slip out every once in a while even on NBC: https://www.cnbc.com/2018/01/05/appl...0-billion.html

So tell me again why lowering the corporate tax rate was bad?

Bluesideup1

So what you are saying is the dems are the party of fiscal irresponsibility? I guess on that we could agree.

Rahlifer

When has any politician in the history of the cosmos shown any sort of restraint when spending other people’s money? I’m a lowly regional pilot and every February when I have to justify my existence to the IRS, my federal tax liability is around 2.5 months pay. It’s only through the use of MANY legal deductions that I’m able to eek back a refund of about half a months pay. Now that most deductions are going to be eliminated and I’ll have to use the new and improved “standard” deduction, I honestly have no clue what to expect when I file. Too bad I can’t buy a golf course and claim that sweet “nature preserve” deduction. I’m just trying to figure out why I’m supposed to be groveling and thanking the orange one.

FXDX

Corporations don't pay taxes. Simply an expense they pass on to their customers.

Average corporate tax rate in the industrialized world: 22%, US was 35%. Now, its 21%. Much more level playing field for US businesses.

Stand back and watch investments in US companies increase and life continue to get better for the American worker.

FXDX

So you are disparaging raises for our coworkers because they won't amount to much? How bout you let it play out and let them decide if it amounts to much or not?

Got news for you Tony, FedEx DOES have a good corporate image because they ARE a good corporate citizen, and they provide a living for hundreds of thousands of families around the world.