Where is all the money? The Wageless, Profitable Recovery
Steven L. wrote:
What makes you think they would bring the money back to America even
if taxes were lowered somewhat?
Taxes would have to be lowered by a tremendous amount to compensate
for the wage differential between the U.S. and the developing world;
and to compensate for the higher costs here due to health care and
environmental regulations. I don't think we can lower taxes that much
without blowing another big hole in the Federal budget.
Taxes SHOULD be lowered a tremendous amount!
The current corporate tax rate in the U.S. is between 35-47%, depending on
the state. At the federal level only, our 35% corporate tax rate is second
only to Japan amongst civilized countries.
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