Quote:
Originally Posted by aceventura3
I quoted Forbes, he made the comparison. He used percentage of GDP to illustrate his point on a relative basis. There is tons of evidence supporting supply side economic theories, I have generally found that those who dispute supply side will ignore all the evidence that supports it. I just enjoy pulling the chain every once in a while. And, like Paul I have strong libertarian leanings.
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Ireland is a little larger than West Virgina with a little more than twice the population (4.3 mil vs 1.8).
So, if they do lower the tax rate down to 15% in the US, what would happen? Would employers add more jobs now that they have things efficient with who they have currently? Would they keep the profits? The stock market would go up, but it isn't a 'real' improvement to the business. Would companies have money to invest in overseas production for importing back to the US?
I would support a lower tax rate on new small businesses for the first 5-8 years that they are in business or until they get bought out. Maybe even a tiered tax rate would be ok. If they had revenue of under $1 mil, they are at 10%, $1-10mil, 25%, 10 mil and up 39%.