Lets make fun of Obama while he is still relevant.

[Warren Dew]

(11-22-2016, 08:03 AM)Odin Wrote:

(11-22-2016, 03:15 AM)Galen Wrote: The corporate income tax rate goes to 15%, same as Ireland, which should help the US to retain and attract businesses.  Its the economy stupid!

The last thing any government should do is pandering this kind of destructive race-to-the-bottom nonsense. Because then what happens when another country makes THEIR taxes lower?

Eventually corporate taxes go to zero, which is where they used to be until the 1930s.  The money gets taxed eventually when dividends get distributed or people sell the stock and take capital gains; the only problem with that is that it encourages corporations to hoard cash instead of returning it in dividends.  We should probably return to a corporate tax that taxes only retained income and not income distributed as dividends.