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The Water Cooler
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<blockquote data-quote="RickN" data-source="post: 1609452" data-attributes="member: 8854"><p>The simple and most effective solution is to lower the corporate tax rate while closing the loopholes. As it is we have the highest tax rate so many companies that can not find a loophole, shift most of their profits overseas to countries with lower rates. Latest estimate that I have seen said 2 trillion dollars in taxable income is kept in other countries where the US can not touch it.</p></blockquote><p></p>
[QUOTE="RickN, post: 1609452, member: 8854"] The simple and most effective solution is to lower the corporate tax rate while closing the loopholes. As it is we have the highest tax rate so many companies that can not find a loophole, shift most of their profits overseas to countries with lower rates. Latest estimate that I have seen said 2 trillion dollars in taxable income is kept in other countries where the US can not touch it. [/QUOTE]
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