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The Water Cooler
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Bring back the 91% tax rate
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<blockquote data-quote="Hobbes" data-source="post: 1994211" data-attributes="member: 3371"><p>Well maybe if we stopped giving multinational corporations tax breaks to relocate to other countries that might be a good start.</p><p></p><p>The way it is now corporations can lay their workers off, relocate production to another country and headquarters to the cayman islands and write the whole thing off on their tax returns as a normal business expense in addition to avoiding taxes.</p><p></p><p>How come THAT doesn't get fixed in Washington DC? Who is it that owns the congress critters that determine the tax code?</p></blockquote><p></p>
[QUOTE="Hobbes, post: 1994211, member: 3371"] Well maybe if we stopped giving multinational corporations tax breaks to relocate to other countries that might be a good start. The way it is now corporations can lay their workers off, relocate production to another country and headquarters to the cayman islands and write the whole thing off on their tax returns as a normal business expense in addition to avoiding taxes. How come THAT doesn't get fixed in Washington DC? Who is it that owns the congress critters that determine the tax code? [/QUOTE]
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Bring back the 91% tax rate
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