Quote:
Originally Posted by SuckOnThis
An issue for what? Are you saying companies are holding off hiring people because their tax rate may increase by 4.5%? If they do hire people they dont pay taxes on that money so if anything it would have the opposite effect.
This last quarter US Corporate Profits Were the Highest on Record.
http://www.nytimes.com/2010/11/24/bu...my/24econ.html
Yet unemployment remains high. This is partly due to outsourcing and partly due to a lower tax rate, and the outcome is money is being transferred from the middle class to the top 2%. If something doesnt change we will end up a 3rd world country. |
What other reason would corporate America have for holding on to their money?
I do know the answer and will give you a hint. It's a part of the Bush tax code that is not well known to the general public, but has significant impact in the corporate world.