While I think our tax laws for corporations need adjustment I always take these headlines with a grain of salt.
Let's think about taxes in other areas that companies like nike generates:
1. Sales tax on goods sold
2. Income taxes on employees pay
3. Capital gain taxes on stock sold... At ever increasing prices because their earnings are higher.
All I'm saying is it's complicated. It's not a simple math. Lowering corporate taxes might stimulate growth and taxes in other areas.
Comments
While I think our tax laws for corporations need adjustment I always take these headlines with a grain of salt.
Let's think about taxes in other areas that companies like nike generates: 1. Sales tax on goods sold 2. Income taxes on employees pay 3. Capital gain taxes on stock sold... At ever increasing prices because their earnings are higher.
All I'm saying is it's complicated. It's not a simple math. Lowering corporate taxes might stimulate growth and taxes in other areas.