Tricksy Politicians and Taxes
Mr. Loffredo went on to testify that a hypothetical "ChryslerDaimler" headquartered in the United States would face a 67.5 percent tax rate, while the actual Daimler-Chrysler, headquartered in Germany, pays only 44 percent.
The Fairtax Book, page 66
This knowledge pisses me off greatly. Here we have politicians leading us to believe that overseas corporations are being taxed practically nothing, so the logical thing to do to bring jobs back to American would be to raise tariffs. Am I the only one that sees a problem with this? 44% should NOT be a tax advantage.
Damned politicians.
The Fairtax Book, page 66
This knowledge pisses me off greatly. Here we have politicians leading us to believe that overseas corporations are being taxed practically nothing, so the logical thing to do to bring jobs back to American would be to raise tariffs. Am I the only one that sees a problem with this? 44% should NOT be a tax advantage.
Damned politicians.