Citolduso:  You again?
2011-07-09 13:06:25

Greg0787:  It's great if you own stocks.
2011-07-09 13:06:27

Daniel:  Yes in fact they only pay an effective rate of 10% on average.
2011-07-09 13:07:00

World is Watching:  The motivation behind increasing them is to give the President more money to blow.
2011-07-09 13:07:09

Big One 0909:  So what if it were? Don't you think that would result in more investors? Which would result in more capital for expansion, which would result in more hiring. Just confiscate it all and then we all work for the government, you communist.
2011-07-09 13:08:15

gcbtrading:  That is the entire engine that makes us a prosperous nation. Frankly there should be no corporate taxation..we would all be thriving. Just imagine, if rather than bulldoze those vast expanses of Detroit, they eliminated corporate tax and scrapped the destructive union laws. Those abandoned plants and homes would rapidly be restored and filled with taxpaying citizens
2011-07-09 13:09:16

The Taxpayer:  Actually no, Matt. You're a liberal, but I like your questions. They show thought. Presently, we're number #2 in the world for corporate taxes (might be #1 now). Don't care how much it was in the past; but that's where we are now and that's the competitive market that we're in. It's a world market. In addition, there are things coming up and on the political battlefront that are over and above that rate. Recently; the Dodd/Frank Financial reform bill adds a Trillion in enforcement costs. These are passed on in the way of fees and not taxes. The results of this bill are dubious at best. It does add to the role of government to be sure. Obamacare, unless repealed, will make hiring of incremental employees cost prohibitive...ergo no growth. There is constant talk over taxing those making over 250K/year. Many of those are Chapter S Corporations who include the owner's personal costs in Gross Revenue line. Until the outcome for that is resolved...no new hires. There are other new regulations as well that the Obama admin has implemented that only empower government that are permanently changing the business landscape. Is it any wonder why multinationals are moving overseas? The market will find a way. Question: Do you think the Euro is unstable (with Greece, Italy, Ireland, Spain & Portugal on the verge of bankruptcy). If you do you're not alone. How about Money Market Funds; do you think they're safe? Most people do. Since Dodd/Frank came along many money market funds are now in euro's to escape the anchor of Dodd/Frank. The market will find a way. Governments may not find their way, but the market will. Keep the fire in your eye, son. Keep an open mind though. I'm not asking you to accept what I say; just keep an open mind. Many years from now, you'll be a conservative. The Obama admin is fighting the Free Market because he/they think it's evil/unfair...whatever. The market is responding by moving elsewhere. It's not getting smaller...it's changing shape. Be it's friend, and the market comes to you. If the market comes to you, people have jobs; all this economic chatter goes away. Good luck son.
2011-07-09 13:28:17