Corporate Tax Rates Are too High

It's not the corporate tax rate, it's the incentives given to special and/or particular corporations.

it's always people who get mad at "corporations" for outsourcing to indochina who are the first ones in line to get their ipads that cost $600 bones instead of $6,000 had it been truly made here..or love that Gap/Zara is having BOGO on their sweaters this wkend.. more ham, please

electronics would not cost that much more if they were made here. Do you think that companies pass on the bulk of the savings they get from outsourcing jobs, or do they pocket it?

Those listed tax rates are pretty silly, since (at least as far as the ones I investigated), it's the tax rate they're paying on overseas income rather than on US income. So it's almost completely irrelevant to the tax rates in the US.

Once again, socialist doesn't know much about the subject he is speaking of.

Those profits get taxed *again* after that. So corporate tax rate on its own is meaningless. Its the total taxes paid on it that matters.

Democrats like to play that game, ignoring the fact that the old rich guy might actually be payign 50% in total on that income.

"Those profits get taxed *again* after that. So corporate tax rate on its own is meaningless. Its the total taxes paid on it that matters."

That is silly. All profits get taxed again when they're transfered to other people.

GE PAID NO TAXES ON 14.2 BILLION IN PROFIT IN 2010

PLUS THEY GOT 3.2 MILLION IN TAX BREAKS ON TOP OF THAT.

"For those unaccustomed to the loopholes and shelters of the corporate tax code, GE's success at avoiding taxes is nothing short of extraordinary. The company, led by Immelt, earned $14.2 billion in profits in 2010, but it paid not a penny in taxes because the bulk of those profits, some $9 billion, were offshore. In fact, GE got a $3.2 billion tax benefit."

http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558

Whoever thinks corporations pay enough taxes is a fool.

Why criticize GE for playing the game well to save money?

But, wouldn't it be better if we had a more rational rate and then fewer loopholes?

once again, somewherelese pops in and defends corproations being the corporate prostitute he is. I'm surprised he has not defended the owners of the Triangle Shirtwaist factory YET.

and in a completely and totally unrelated story, the Canadian govternment was just toppled today over the conservative adminsitrations's overly generous and unfunded corporate tax cuts.

"Opposition lawmakers toppled Canadian Prime Minister Stephen Harper’s government, triggering an election that may result in an alliance to reverse his corporate tax cuts and overturn plans for more military spending."

http://www.bloomberg.com/news/2011-03-25/opposition-set-to-trigger-canadian-election-may-aim-at-tax-cut.html

Blame Canada