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This is why we need tax reform NOW!!!!!!

#25
(This post was last modified: 09-27-2017, 02:42 PM by StroudCrowd1.)

(09-27-2017, 02:40 PM)TJBender Wrote:
(09-27-2017, 02:34 PM)StroudCrowd1 Wrote: C'mon. You don't think companies would find loopholes? They are a lot smarter than the federal government.

Funny Bernie is appalled by the death tax. Figured he would be looking out for himself with his 3 houses and 175K car he will be handing down to his kids.

"Any company that moves its corporate headquarters from the United States to a foreign country shall be required to pay an exit tax of 50% on all gross revenue for that year. Any foreign company that takes in more than 25% of its gross revenue from the United States shall be required to pay a 25% tax on all revenues originating in the United States."

Doesn't seem hard to me. Write it in two sentences, plain text, with zero loopholes.

"Corporate headquarters" could easily be manipulated. I'm not saying I disagree with you that they shouldn't be taxed, but saying they would find loopholes no matter how "plain text" it is.
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RE: This is why we need tax reform NOW!!!!!! - by StroudCrowd1 - 09-27-2017, 02:42 PM



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