The Current FReepathon Pays For The Current Quarter's Expenses?
I wonder if Burger King will keep its contract with the US Army as the burger franchise of choice on American military bases.
> Called “tax inversions” the newest trend has companies looking to move their headquarters overseas in an attempt to selfishly make more money for investors by fleeing high American corporate taxes, thus fulfilling the legal obligation management has to their shareholders. It’s more about the sickness of the American tax system, which can even compete with France. And that of course has liberals furious, calling companies who practice tax inversions unpatriotic and a lot of other hard names as well.
That’s what you call good business strategy (something that liberals don’t get because most have never owned a business). If you’re getting the hell taxed out of you and a simple relocation would save you an enormous chunk of change you move. Everbody is way too overtaxed in the U.S. because of a runaway government whose appetite is voracious.
When I joined the Air Force...the finance guy there in Texas tried to convince me to list Texas as my home of record...thus avoiding any state taxes for the remainder of my life. I didn’t grasp the argument and just stuck with my home state. Four years later...I’m in Washington state and get the same lecture again (Washington has no state income tax), and this time I understood the discussion and argument. For the remainder of my career with the Air Force....I paid no state income tax.
I view this mess in the same fashion. It’s a personal choice, and unless some idiots make a law forbidding the tactic, I don’t see a problem with it.
I worked with a gal who bought a horse ranch while stationed in Montana. Upon selling it and assuming she’d have to pay some taxes on the profits (over $70k in profits)...she found this local tax accountant who knew of a federal law dealing with Montana horse ranches sold within a certain year period (she fell into the category) that voided all profits for taxation purposes. It was singularly written for Montana, for a limited year period. Obviously, some senator worked the deal for a friend and others benefited from the deal. There are countless deals on the books which Congress put into the system...pretending to be tax experts and writing their own code.
The Current FReepathon Pays For The Current Quarter's Expenses?
This is a FairTax moment!
If the American people would only demand of their elected officials that the income tax be replaced with the FairTax and the IRS abolished, this so-called “inversion” problem would go away.
In fact, companies and businesses would fight each other to be the first to return to the USA. It would be a stampede!
What is so troublesome about this entire discussion is that fundamental tax reform is not on the table.
Instead these LIEberal dumbass bozos are trying to find a way to punish companies who do the smart thing and leave high-tax USA for low-tax Canada and other countries.
Why not make the USA the low-tax — FairTax levies NO income tax on businesses — capital of the world?
And then, the smart businesses will relocate to the USA!
There are billions (some say over a trillion) of dollars being held out of the USA by multi-national companies to avoid federal taxes.
Under the FairTax, those billions would come into our economy tax FRee and give it onehellofaboost!
So, call, write, email, fax, twitter, whatever, your elected representatives and demand that FairTax be passed and implemented!