1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

The High Price That American Workers Pay for Corporate Taxes

Discussion in 'News & Current Events' started by Revmitchell, Sep 12, 2017.

  1. Revmitchell

    Revmitchell Well-Known Member
    Site Supporter

    Joined:
    Feb 18, 2006
    Messages:
    40,629
    Likes Received:
    1,121
    Faith:
    Baptist
    The preponderance of evidence shows that the corporate income tax harms workers through lower wages. Because the U.S. has a relatively open economy, the tax is shifted from owners of capital to workers, the suppliers of labor. Reasonable estimates show that labor bears between 75 percent and 100 percent of the revenue cost of the corporate tax. Contrary to the claims that a corporate tax cut is a tax cut for the rich, a 20-point reduction of the corporate income tax to 15 percent could boost the relative market incomes of the poorest Americans by more than twice the increase for the richest. A tax cut for corporations is therefore a tax cut for the average American.

    The High Price That American Workers Pay for Corporate Taxes
     
  2. rsr

    rsr <b> 7,000 posts club</b>
    Moderator

    Joined:
    Dec 11, 2001
    Messages:
    10,819
    Likes Received:
    383
    Faith:
    Baptist
    Maybe. But the effective tax rate is already about 14-15 percent, not the marginal rate.

    Certainly capital is more mobile, and it will invested where it will make the most profit. That will depend more on the aggregation of costs and not just taxes. A yuan invested in a place with a wage of $3 an hour will make more money than a yuan invested in a place with a wage of $20 an hour, even with a large tax differential, all other things being equal.

    But I'm open to slashing the corporate tax rate and increasing the effective (not marginal) tax rate on high earners.
     
  3. TCassidy

    TCassidy Administrator
    Administrator

    Joined:
    Mar 30, 2005
    Messages:
    15,517
    Likes Received:
    2,239
    Faith:
    Baptist
    What do you consider a high earner?
     
  4. church mouse guy

    church mouse guy Well-Known Member
    Site Supporter

    Joined:
    May 23, 2002
    Messages:
    11,412
    Likes Received:
    132
    Faith:
    Baptist
    When the party of the Confederacy, the Democrats, says that a corporate tax is a tax cut for the rich, they really mean that the lower class is rich in their eyes and they begrudge them another penny. Cheap wages is the reason that both parties want lots of non-English speaking illegal labor to clean their toilets. They are called Latrinos, aren't they? And don't say that the Democrats, sincerely advocates raising the minimum wages because it is well-established that big corporations are in the hands of the Democrats; the GOP being in decline along with the Democrats. Besides, the richer you are, the less you pay because you have lawyers galore and accountants galore. And guys like Bill Nye, the fake science guy, notes that they shoot horses and that old people who are mostly climate deniers need to get out of the way--he is talking about me because I favor deep tax cuts, big slashes in government spending, and do-nothing on climate change no matter what Pope Francis thinks.
     
    • Agree Agree x 1
  5. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
    Site Supporter

    Joined:
    Oct 25, 2001
    Messages:
    20,840
    Likes Received:
    101
    Faith:
    Baptist
    An arbitrary term. To define it would mean to lose it as a talking point.
     
    • Agree Agree x 2
    • Like Like x 1
  6. Revmitchell

    Revmitchell Well-Known Member
    Site Supporter

    Joined:
    Feb 18, 2006
    Messages:
    40,629
    Likes Received:
    1,121
    Faith:
    Baptist
    Kind of like defining "fair share'
     
    • Like Like x 2
    • Agree Agree x 1
  7. church mouse guy

    church mouse guy Well-Known Member
    Site Supporter

    Joined:
    May 23, 2002
    Messages:
    11,412
    Likes Received:
    132
    Faith:
    Baptist
    I think that the Democrats mean by high earner anyone who does not vote Democrat. They are now a leftist party in my opinion and they have no goodwill for anyone outside their political circle.
     
    • Like Like x 2
    • Agree Agree x 1
  8. Bro. James

    Bro. James Well-Known Member
    Site Supporter

    Joined:
    Sep 14, 2004
    Messages:
    2,987
    Likes Received:
    47
    Faith:
    Baptist
    The Great American Dream has become an elusive pipe dream. A lot of dreams realized vanished in Texas and Florida recently. Even the prosperity gospel crowd is diminishing. God seems to be taking a lot of His stuff back--unfaithful stewardship perhaps.
    We have a new crowd of rich and famous inside the beltway. The Treasury Secretary tried to get us to pay for his transportation to a European honeymoon. Waste, fraud and abuse is nothing new--just becoming more flagrant.

    More diatribe: our economy is based on our consumerism related to drugs, oil, and guns; along with Santa Claus and Peter Cottontail. A sizeable portion of of our workforce is not able to find sufficient work to support their families. The unemployment figures do not show those who have given up on normal work channels--they survive under the table. A sizeable portion of the potential work force are not qualified, not interested, and/or on dope. We have a dope epidemic.

    Any tax break would be great. Whatever happened to fair tax?

    Somebody has to pay for the jetfuel for Presidential Cabinet member honeymoons.

    Even so, come, Lord Jesus.

    Bro. James
     
    • Like Like x 1
Loading...