It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by muse7
The people who defend these greedy cockroaches are going to be the first ones to be lined up against a wall when the second revolution comes.
Originally posted by Hefficide
The new American service industry model. Weeping billionaires punishing their minimum wage labor force - even as they fight tooth and nail to repeal the minimum wage itself.
BAD, BAD, BAD WAGE SLAVES... BACK TO THE KITCHEN AND VOTE THE WAY I TELL YOU TO! OR ELSE!
On a totally unrelated note:
Dear residents of gated communities. Just how safe to you think a 10 foot wall and a half awake security guard named Clarence really makes you? You might want to reconsider this whole greed thing. The French had a bit of a problem with it a couple of hundred years back and it didn't work out so well for the gated community crowd.
~Heff
Originally posted by toltecnightmare
"We hold these truths to be self-evident: That all men are created equal;"
The Declaration of Independance...a simple paper that the rich have all lost sight of in their pursuit of becoming kings themselves: The very things our founders declared independance against. This was supposed to be a land where all men could live like kings if they so chose to, as long as they do their part to uphold the liberties of the people who are less fortunate than they...
www.usnews.com...
World's Highest Corporate Tax Rate Hurts U.S. Economically
By Joseph Mason
April 2, 2012 RSS Feed Print
Joseph Mason is the Moyse/LBA Chair of Banking at the Ourso School of Business at Louisiana State University and a senior fellow at the Wharton School of the University of Pennsylvania.
United States-based companies and hardworking Americans face a steadily growing problem, one oddly self-imposed by Uncle Sam. Our current tax system puts businesses and workers at a competitive disadvantage in the global market and discourages companies from investing in operations here at home.
On Sunday, April 1, Japan lowered its corporate tax rate, leaving the United States with the highest effective rate among developed countries: 39.2 percent.
[Read the U.S. News debate: Is Obama's Corporate Tax Plan A Good Idea?]
Under the "worldwide" tax system the United States employs now, companies' profits generated abroad are subject to taxes both domestically and in the country they were earned. Certain provisions are built into the tax code to alleviate that burden, but even those protections are being challenged by members in Congress who seem ensconced on repealing these important incentives for U.S. industry. According to a 2011 Business Roundtable report:
companies can face a tax rate on their remitted foreign earnings a full 16 percentage points higher than the rate faced by their foreign competitors.
...
Originally posted by ElectricUniverse
reply to post by toltecnightmare
Oh and btw, as to who is at fault for businesses leaving the U.S., it isn't only or mostly because of the rich... It is because the United States has the HIGHEST CORPORATE RATE IN THE WORLD...
www.usnews.com...
World's Highest Corporate Tax Rate Hurts U.S. Economically
By Joseph Mason
April 2, 2012 RSS Feed Print
Joseph Mason is the Moyse/LBA Chair of Banking at the Ourso School of Business at Louisiana State University and a senior fellow at the Wharton School of the University of Pennsylvania.
United States-based companies and hardworking Americans face a steadily growing problem, one oddly self-imposed by Uncle Sam. Our current tax system puts businesses and workers at a competitive disadvantage in the global market and discourages companies from investing in operations here at home.
On Sunday, April 1, Japan lowered its corporate tax rate, leaving the United States with the highest effective rate among developed countries: 39.2 percent.
[Read the U.S. News debate: Is Obama's Corporate Tax Plan A Good Idea?]
Under the "worldwide" tax system the United States employs now, companies' profits generated abroad are subject to taxes both domestically and in the country they were earned. Certain provisions are built into the tax code to alleviate that burden, but even those protections are being challenged by members in Congress who seem ensconced on repealing these important incentives for U.S. industry. According to a 2011 Business Roundtable report:
companies can face a tax rate on their remitted foreign earnings a full 16 percentage points higher than the rate faced by their foreign competitors.
...
So next time you want to put blame as to why businesses are leaving the U.S., you better learn to put the blame on the PROGRESSIVE TAXES THE LEFT HAS IMPLEMENTED...
edit on 22-11-2012 by ElectricUniverse because: (no reason given)
Wow...and this coming from a forum moderator...
Originally posted by ColoradoJens
And again, the one sided rhetoric. Funny thing, the corporate tax rate was not implemented by the LEFT.
CJ
Thomas Woodrow Wilson (December 28, 1856 – February 3, 1924) was the 28th President of the United States, from 1913 to 1921. A leader of the Progressive Movement, he served as President of Princeton University from 1902 to 1910, and then as the Governor of New Jersey from 1911 to 1913. Running against Republican incumbent William Howard Taft, Socialist Party of America candidate Eugene V. Debs, and former President Progressive ("Bull Moose") Party candidate Theodore Roosevelt, Wilson was elected President as a Democrat in 1912.
In his first term as President Wilson persuaded a Democratic Congress to pass major progressive reforms. Historian John M. Cooper argues that, in his first term, Wilson successfully pushed a legislative agenda that few presidents have equaled, and remained unmatched up until the New Deal.[1] This agenda included the Federal Reserve Act, Federal Trade Commission Act, the Clayton Antitrust Act, the Federal Farm Loan Act and an income tax.
...
...
What was revealed in the audit was startling: $16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious — the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.
...
Originally posted by seagull
Member first, last and always. The fact that Heff is a mod means absolutely nothing in this case. Just as my status as the same means nothing in this thread.
He's as welcome as you to post his opinion.