Skip to comments.Corporations shop for the best tax rates! Who knew?
Posted on 05/09/2011 2:46:58 PM PDT by landsbaum
Theres an informative story in the paper that concluded corporations are encouraged by the tax code to stash hundreds of billions in profits overseas
Gee, who would have guessed?
Of 25 Orange County-based California corporations, most pay less than the official rate, sometimes far less.
Weve made the case for years that when taxes are raised on corporations, the outcome is predictable . . .
(Excerpt) Read more at orangepunch.ocregister.com ...
I am voting with my feet this year.
And taking my 6-figure income with me (I work for a multinational and they don’t care where I live).
And I have no kids and am almost never home so it will take 10 or 11 families at the median income to replace the tax “revenue” kalifornia will no longer be extorting from me.
Corporations shop for the best tax rates!
That means that the first state or two to secede will get the best and brightest from the rest of the country immediatley. Imagine, no EPA, no Federal tax, no OSHA, Imagine FREEDOM.
I work for a multi-national too. The new scheme is to assess tax in any
state where you physically work 20 or more days in a calendar year.
I’m a resident of Idaho, but the required physical presence for my
current tasks results in CA income tax. I now have to file in two states next year. Some of my co-workers will have 3 or more.
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