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aceventura3 · 01-06-2009, 08:39 AM

I came across some more "voodoo" supply side economics stuff.

I was reading 1/12/09 print edition of Forbes magazine, page 15 and came across some interesting information. Steve Forbes made a commentary on how Ireland "gets it". The corporate tax in Ireland is 12.5%, in the US it is the second highest in the world at 35% (not including state tax). Then he looked at corporate taxes as a percent of GDP. In 2007 Ireland corporate taxes collected as a percentage of GDP was 3.4%, in the US it is 2.7%. Imagine that, lower tax rates with a higher relative tax collection rate. I sure hope that Democrats start to "get it"

01-06-2009, 08:39 AM	#135 (permalink)
aceventura3 Junkie Location: Ventura County	I came across some more "voodoo" supply side economics stuff. I was reading 1/12/09 print edition of Forbes magazine, page 15 and came across some interesting information. Steve Forbes made a commentary on how Ireland "gets it". The corporate tax in Ireland is 12.5%, in the US it is the second highest in the world at 35% (not including state tax). Then he looked at corporate taxes as a percent of GDP. In 2007 Ireland corporate taxes collected as a percentage of GDP was 3.4%, in the US it is 2.7%. Imagine that, lower tax rates with a higher relative tax collection rate. I sure hope that Democrats start to "get it" __________________ "Democracy is two wolves and a sheep voting on lunch." "It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion." "If you live among wolves you have to act like one." "A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."