[ale] OT: Tax cuts boost joblessness, encourage outsourcing

[Alan Stewart]

Doug McNash wrote:

> 
>  
>
>>>But here again, our chief economist appears to be ignorant of basic 
>>>U.S. tax law. When a U.S. corporation manufactures in the United 
>>>States, its income is subject to U.S. tax at a nominal rate of 35 
>>>percent. If the same corporation moves those jobs to some other 
>>>country, it can normally structure the deal to reduce its U.S. taxes 
>>>to zero. That's right, zero.
>>>
>>>      
>>>
>
>So the obvious solution is to cut corporate taxes to zero.
>
>Wait a min...the purpose of this article is not to suggest the obvious 
>solution, now is it?
>  
>
There's more than one obvious solution. You can empty everyone's glass, 
or you fill everyone's glass to the same level: tax earnings from 
overseas at the same rate as domestic earnings.

-- 

D. Alan Stewart
Senior Software Developer
Layton Graphics, Inc.
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