LINK...This should play well with his unwashed 99% crowd...The Treasury Department said the plan would lower the top income-tax rate for corporations to 28% from 35%, cut the effective tax rate even further for manufacturers, and eliminate or restrict many popular deductions while making others permanent....Ben
They also said corp america would have to pay a tax on overseas income even if it means that the company is selling products made and sold there as a means of producing goods for that local market. its too broad of a pen stroke to make it pallatable.
Guns don't kill people. Zombies kill people.
Be very weary of Obozo's tricks as he loves taxes to much to be honest about it.
Old redneck hillbilly borned and raised on a redwood stump.
I don't think that is even legal. How can they tax a product that is both made and sold overseas.....that one would be overturned..Originally Posted by haikon
"Illegal Immigrant" is not a race....
"We have no government armed with power capable of contending with human passions unbridled by morality and religion . . . Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other." ~John Adams
If they keep thier manufacturing/jobs right in the the US why even tax them at all. We need BOLD. Look how much they already have to pay for wages and healthcare compared to other countries.
theyre taxing the income, not the product, so im not sure.
Guns don't kill people. Zombies kill people.
Yeah, but since it is made and sold overseas, the income is derived overseas....I fail to see how they should have any power to tax it...
"Illegal Immigrant" is not a race....
"We have no government armed with power capable of contending with human passions unbridled by morality and religion . . . Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other." ~John Adams
Next thing you know they will want to tax other countries for putting our workers out of work....that is on top of all of the import taxes already paid.
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