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Thread: Sanders Says That If Democrats Take Control, Corporate Taxes ‘Absolutely’ Going Up

  1. #1
    INGSOC GURPS's Avatar
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    Sanders Says That If Democrats Take Control, Corporate Taxes ‘Absolutely’ Going Up

    According to PunditFact, the United States has the highest corporate tax rate among nations in the Organization for Economic Co-operation and Development (OECD) at 39.1%, a staggering 15% above the median. The outlet notes, however, that with deductions such as "health insurance, pensions, and investment returns," the tax rate actually paid by U.S. corporations, known as the "effective tax rate," stands at 27.9% as of 2014, the "second-highest behind New Zealand among OECD countries and 15th-highest among the 189 countries measured."

    Congressional Budget Office (CBO) calculations differ, placing the "effective tax rate" for corporations in the United States even lower at 18.6%. Three other nations rank higher — Argentina (22.6%), Japan (21.7%), and the U.K. (18.7%).

    While measurements vary due to the complexities of our tax system — and many companies game the system with loopholes and subsidies — in terms of pure tax rates, the United States still ranks near the top of the corporate tax chart by nearly all calculations.



    WATCH: Sen. Sanders Says That If Democrats Take Control, Corporate Taxes ‘Absolutely’ Going Up
    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

    “Moral precepts are constant through the ages and not obedient to circumstances.”

  2. #2
    Quote Originally Posted by GURPS View Post
    According to PunditFact, the United States has the highest corporate tax rate among nations in the Organization for Economic Co-operation and Development (OECD) at 39.1%, a staggering 15% above the median. The outlet notes, however, that with deductions such as "health insurance, pensions, and investment returns," the tax rate actually paid by U.S. corporations, known as the "effective tax rate," stands at 27.9% as of 2014, the "second-highest behind New Zealand among OECD countries and 15th-highest among the 189 countries measured."

    Congressional Budget Office (CBO) calculations differ, placing the "effective tax rate" for corporations in the United States even lower at 18.6%. Three other nations rank higher — Argentina (22.6%), Japan (21.7%), and the U.K. (18.7%).

    While measurements vary due to the complexities of our tax system — and many companies game the system with loopholes and subsidies — in terms of pure tax rates, the United States still ranks near the top of the corporate tax chart by nearly all calculations.



    WATCH: Sen. Sanders Says That If Democrats Take Control, Corporate Taxes ‘Absolutely’ Going Up
    So, was this a topic that was in doubt, or in question? That's like saying, "if it rains, the exposed roads will get wet."


    I do not understand the need to tax corporations at all. It's not like they take it out of profit. It's not like it is an incentive for lower profits. It is merely a cost passed on to consumers - one that is very well hidden and hurts large numbers of people. Since there are far more poor and middle class than rich, it hurts them more. Why do the Dems hate the poor and middle class?!?
    Quote Originally Posted by Sapidus View Post
    I'm sure Trump will be charged with more crimes before Hillary.

    Please pin this for future reference

    Pinned, as requested.....

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