Comment Re:Not moving assets, keeping them remote. (Score 1) 246
That rate is the highest possible rate, not what corporations actually pay.
You seem to be justifying having the highest corporate tax rates in the world because some corporations do not pay that much, and go so far as to make a long post that not once considers those corporations that do actually pay that much.
The reality is that these tax breaks and incentives are essential precisely because otherwise American corporations are completely fucked
The real downside of the high base with an incentive system is that it allows the government to pick winners and losers. Microsoft gets the incentive but that startup that wants to compete with Microsoft does not. That startup thus never happens in a country with the highest corporate tax rate. Thats the system we have and the solution is not to make Microsoft pay the highest corporate tax rate in the world. The solution is to have tax rates that are competitive with the rest of the world.
Having the highest rate in the world is such a bad thing that we sometimes give entire industries massive breaks, because its obvious that forcing (for example) our automotive or airplane industries to go under is a bad fucking idea. In many cases the breaks they get aren't even enough, so they also need to get highly lucrative government contracts just to stay afloat.
By defending the highest rate, as you just did, while simultaneously wishing the incentives to end.. what you are asking for is the complete destruction of America. What you should want is a much lower tax rates to begin with, but that wont get past your shallowly-justified dislike for corporate incentives.