Quote:
Originally Posted by gimpy117
Tax dodging should be illegal. Want to lower everybody's taxes/ keep them where they are or fight the budget deficit? than make the corporations pay what they should, rather than moving their money to some account where there is no business tax.
I say If a company can be proven to be "officially based overseas"...but obviously is not, then they should have to pay U.S taxes
oh and mookie...i totally agree with you post, good point +1
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LOL.
Tax dodging illegal. That's rich.
The entire point of the tax code is to be complex to allow special interests to get tax dodges. There is no reason at all for the income tax code to take more than a handful of pages—except that congress critters of both parties want to pay back their constituents—the big money people who pay them off (businesses and unions, etc)). It takes a few
million right now I think.
Cut spending to some reasonable % of GDP.
Dump income tax in favor of a flat tax or something similarly easy. One lower rate, no dodges,
period.
Ditto corporate taxes. Pick a low, competitive rate, then make no exceptions, no dodges. It could be 7.2%, and they'd have tripled what they got out of google, for example.