Tax law may send factories and jobs abroad

[Supposn]

The trade policy described with Wikipedia's “Import Certificates” reduces, (if not eliminates) its nation's trade deficit of goods. If the policy were to be adopted by the USA, it would increase our GDP and numbers of jobs more than otherwise. It's conceivably as close as possible to be “bullet proof”; (i.e. immune from mischief).

Respectfully, Supposn

Excerpted from:
https://www.nytimes.com/2018/01/08/...latest&contentPlacement=2&pgtype=sectionfront

Tax law may send factories and jobs abroad

Under the new law, income made by American companies’ overseas subsidiaries will face United States taxes that are half the rate applied to their domestic income, 10.5 percent compared with the new top corporate rate of 21 percent.

 

[Irish Exit]

The trade policy described with Wikipedia's “Import Certificates” reduces, (if not eliminates) its nation's trade deficit of goods. If the policy were to be adopted by the USA, it would increase our GDP and numbers of jobs more than otherwise. It's conceivably as close as possible to be “bullet proof”; (i.e. immune from mischief).

Respectfully, Supposn

Excerpted from:
https://www.nytimes.com/2018/01/08/...latest&contentPlacement=2&pgtype=sectionfront

Tax law may send factories and jobs abroad

Under the new law, income made by American companies’ overseas subsidiaries will face United States taxes that are half the rate applied to their domestic income, 10.5 percent compared with the new top corporate rate of 21 percent.

I don't work in a factory and I do have a 401K and other stock investments. Tell me why I should care?

 

[Nordberg]

I don't work in a factory and I do have a 401K and other stock investments. Tell me why I should care?

You shouldn't. You are the only person in the world that matters.

 

[Supposn]

I don't work in a factory and I do have a 401K and other stock investments. Tell me why I should care?

Kacper, the trade policy described within Wikipedia's “Import Certificates”, is not restricted to products of factories. It applicable to the products of ranches, farms, fishing boats, artist studios, and laboratories. I don't believe you can mention any tangible product that doesn't require some goods or services that are products of another production supporting enterprise. Those production supporting enterprises are usually within the nation producing the product they're supporting.
I don't know how you derive your income. Trade deficits are detrimental to their nation's GDP and numbers of jobs. To the extent that your nation's GDP, numbers of jobs and median wage is less than otherwise, you don't believe that's to your individual advantage?
Do you believe that a nation's lesser than otherwise GDP only diminish factories, farms, ranches, and fishing boats; doesn't effect numbers of USA computer programmers, engineers, plumbers job?

Respectfully, Supposn

 

[evince]

I don't work in a factory and I do have a 401K and other stock investments. Tell me why I should care?

because you should care about others

you cant because you are a sociopath


you mentally ill dont count when it comes to morals

 

[evince]

I don't work in a factory and I do have a 401K and other stock investments. Tell me why I should care?

do we round up you sociopaths and ask your advice before we fix things


do you somehow think being a fucking sociopathn is s,mething to be proud of you broken brained fuck?


you are handicapped idiot


you cant think striaght or even UNDERSTAND what it RRALLY means to be a complete human with a properly functioning brain


that is why you dont care

you dont care because your brain is fucked up


get it asshole

 

[evince]

this tax bomb will also hold back loans to small businesses

 

[Irish Exit]

do we round up you sociopaths and ask your advice before we fix things


do you somehow think being a fucking sociopathn is s,mething to be proud of you broken brained fuck?


you are handicapped idiot


you cant think striaght or even UNDERSTAND what it RRALLY means to be a complete human with a properly functioning brain


that is why you dont care

you dont care because your brain is fucked up


get it asshole

Maybe obamacare will cover your therapy....until the end of the year, at which point your lack of intelligence will dictate your life.

 

[Irish Exit]

because you should care about others

you cant because you are a sociopath


you mentally ill dont count when it comes to morals

Since you did not offer an argument, I will assume you don't have one....or a job...or a 401K

 

[Irish Exit]

Kacper, the trade policy described within Wikipedia's “Import Certificates”, is not restricted to products of factories. It applicable to the products of ranches, farms, fishing boats, artist studios, and laboratories. I don't believe you can mention any tangible product that doesn't require some goods or services that are products of another production supporting enterprise. Those production supporting enterprises are usually within the nation producing the product they're supporting.
I don't know how you derive your income. Trade deficits are detrimental to their nation's GDP and numbers of jobs. To the extent that your nation's GDP, numbers of jobs and median wage is less than otherwise, you don't believe that's to your individual advantage?
Do you believe that a nation's lesser than otherwise GDP only diminish factories, farms, ranches, and fishing boats; doesn't effect numbers of USA computer programmers, engineers, plumbers job?

Respectfully, Supposn

Profits made overseas are taxed overseas so there is no reason they should be taxed at the same rate as profits derived from domestic production. It is policy-wise no different than what happens often with people who live in one state and work in another state. One state gets the bulk of the tax and the other taxes very nominally compared to the other. In addition, the inputs to manufacturing are increasingly multi-national anyway. As for GDP, it is all a shell-game. The nation's GDP has little to nothing to do with any individual's situation. It depends on your income less your cost of living, both of which tend to be localized for more people than not.

 

[Irish Exit]

You shouldn't. You are the only person in the world that matters.

I agree, Mom, but it is a shame you are incapable of presenting an actual argument in support of anything other than my obvious superiority.

 

[Irish Exit]

this tax bomb will also hold back loans to small businesses

LOL.

 

[Supposn]

Profits made overseas are taxed overseas so there is no reason they should be taxed at the same rate as profits derived from domestic production. It is policy-wise no different than what happens often with people who live in one state and work in another state. One state gets the bulk of the tax and the other taxes very nominally compared to the other. In addition, the inputs to manufacturing are increasingly multi-national anyway. As for GDP, it is all a shell-game. The nation's GDP has little to nothing to do with any individual's situation. It depends on your income less your cost of living, both of which tend to be localized for more people than not.

Kacper, charity begins at home. Regarding USA's interstate commerce and its analogy to our global trade policies:

delegates from the various American states and commonwealths attending the USA’s constitutional convention of 1787 were very much aware of some among them represented constituencies that were or would likely be at competitive commercial advantage to those represented by other delegates.

Despite their allegiances to competing governments, they managed to compromise among themselves and support a federal government. They risked their personal and political reputations which must have to some extent risked their individual finances, for what they hoped would prove to be of mutual net benefit to all in our then new nation.

[Their behavior contrasts with the congresses during President Obama’s administration when U.S. congressional representatives and senators often voted contrary to what they previously had contended was to our nation’s best interests, because they preferred to delay or hinder our nation’s progress rather than permit any improvement of our nation to be attributed to a person or a political party they believed to be unworthy of occupying the White House.
I hope this despicable precedent will not be continued under President Donald Trump’s administration].

If you believe that USA states are not now as they were then in competitive commercial competition, you’re mistaken. The justification of our constitution’s granting supreme jurisdiction of interstate and international commerce to our federal government was due to the realization that our states and regions are naturally in commercial and economic competition with each other and federal supreme jurisdiction was and remains to our entire nation’s net best interests.

My allegiance to the USA, (i.e. my nation) is not secondary to consideration for any other concept of a regional or global entities. I’m not amiable to improving USA’s foreign relations by compromising USA’s best economic interests, and particularly compromising the financial interests of USA’s aggregate familys’ dependent upon employment derived incomes or dependent upon enterprises that themselves are directly or indirectly highly dependent upon the financial circumstances of USA employees earning less than our median wage.

Refer to Wikipedia’s “Import Certificates” article.

Respectfully, Supposn