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Joe Biden: Raise Taxes
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Heisman
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Joe Biden: Raise Taxes
05-22-2020 07:13 AM
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JRsec Offline
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RE: Joe Biden: Raise Taxes
(05-22-2020 07:13 AM)green Wrote:  

https://twitter.com/mikememoli/status/12...7698518017

FRAIL THE SKIN IS DRY AND PALE

Yeah right, the rich will pay more taxes. Maybe. But what is certain is that all prices on consumables will go up accordingly and the poor and middle class will still pay more, a lot moe.
05-22-2020 07:19 AM
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RE: Joe Biden: Raise Taxes
05-22-2020 07:28 AM
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RE: Joe Biden: Raise Taxes
05-22-2020 10:47 PM
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EagleX Offline
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RE: Joe Biden: Raise Taxes
(05-22-2020 07:13 AM)green Wrote:  

https://twitter.com/mikememoli/status/12...7698518017

FRAIL THE SKIN IS DRY AND PALE

yeah, lets penalize the guys hast actually accomplish things
05-22-2020 10:51 PM
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Heisman
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RE: Joe Biden: Raise Taxes
(05-22-2020 10:51 PM)EagleX Wrote:  yeah, lets penalize the guys hast actually accomplish things



https://twitter.com/FreeBeacon/status/12...8767051778

GOODY GUMDROPS
05-22-2020 10:56 PM
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solohawks Offline
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RE: Joe Biden: Raise Taxes
Good luck reversing that expanded child tax credit.
05-23-2020 07:30 AM
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Owl 69/70/75 Online
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RE: Joe Biden: Raise Taxes
(05-22-2020 07:13 AM)green Wrote:  
https://twitter.com/mikememoli/status/12...7698518017
FRAIL THE SKIN IS DRY AND PALE

Here is the problem. Before the Trump tax cuts, we had the highest corporate tax rate in the developed world. If we go back to that, we are going to drive industry offshore like never before. The Trump tax cuts removed a lot of the tax incentives for offshoring. At the same time, companies realized that one reason that Chinese labor was so cheap is because the workers were not that competent. So people started bringing stuff back home. Right now, there is a huge incentive for returning stuff here. But if taxes shoot back up, a lot of that stuff will go to Europe, not here.

If Biden wins in November, particularly if he goes radical with his VP pick, I think you'll see a significant offshore migration start between election day and Inauguration Day. I have tax lawyer friends who haven't retired yet, and they say they have been doing a lot of research for clients into the most tax-efficient way to move offshore. And whatever way that is, I expect that it will become a lot less tax-efficient once Biden has gotten any tax changes passed, so there will be an incentive to move early. I would guess that most multi-nationals at this point have a plan for picking up and moving offshore. How many actually do that is hard to determine, but I am fairly certain that all of them have become well acquainted with the pros and cons.
(This post was last modified: 05-23-2020 09:08 AM by Owl 69/70/75.)
05-23-2020 09:06 AM
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JRsec Offline
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RE: Joe Biden: Raise Taxes
(05-23-2020 09:06 AM)Owl 69/70/75 Wrote:  
(05-22-2020 07:13 AM)green Wrote:  
https://twitter.com/mikememoli/status/12...7698518017
FRAIL THE SKIN IS DRY AND PALE

Here is the problem. Before the Trump tax cuts, we had the highest corporate tax rate in the developed world. If we go back to that, we are going to drive industry offshore like never before. The Trump tax cuts removed a lot of the tax incentives for offshoring. At the same time, companies realized that one reason that Chinese labor was so cheap is because the workers were not that competent. So people started bringing stuff back home. Right now, there is a huge incentive for returning stuff here. But if taxes shoot back up, a lot of that stuff will go to Europe, not here.

If Biden wins in November, particularly if he goes radical with his VP pick, I think you'll see a significant offshore migration start between election day and Inauguration Day. I have tax lawyer friends who haven't retired yet, and they say they have been doing a lot of research for clients into the most tax-efficient way to move offshore. And whatever way that is, I expect that it will become a lot less tax-efficient once Biden has gotten any tax changes passed, so there will be an incentive to move early. I would guess that most multi-nationals at this point have a plan for picking up and moving offshore. How many actually do that is hard to determine, but I am fairly certain that all of them have become well acquainted with the pros and cons.

And that's why the Democrats are backed by corporate Globalists who want offshore slave wages and a work force compelled by its fascist government.
05-23-2020 09:15 AM
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