@prunar Health care costs only spiked after the 1986 tax reform. Of course, Washington now wants to plaster another mistake over this problem rather than admit they made a mistake.
2/3rd's of american corporations pay no taxes and receive massive tax breaks; but please keep throwing around blatantly misleading glenn beck propaganda it's doing wonders to destroy this foul american beast
Companies pay less taxes than I do as a person... If a company doesn't make jobs why not tax them tax them even more.... The differenance si that the other countries make thier business pay their taxes
I listened to Robert Kiyosaki's advice on silver: "I believe this is the biggest investment anyone can make in the next 100yrs" I did my research and found an opportunity that has changed my life in 12 months. Take a look like i did.... Visit: goldsave.co/
If you want to tax only workers, self employed, and small business, fuching say it. See how far telling the truth on that shit gets you.
That's Dan's real agenda dumb ass. He wants no tax on unearned income.
But Dan is too smart to tell the truth, so he lies and calls this FLAT tax -- but then adds, as if its just a little thing -- oh, by the way, no tax on my income.
This guy is the second biggest liar on Youtube - right after Neal Boortz.
This guy calls his tax plan "FLAT" -- same for everyone. But then half second later, he is saying NO tax for him and his idle rich butt buddies like Newt and Steve Forbes.
What this guy really wants -- but doesn't have the balls to say it -- is that ONLY workers pay tax. Just those people who actually work -- ordinary income.
But he has the balls to call his plan "Flat -- same for all" when its flat my ass
This is a highly deceptive video. The maximium corporate tax is stated at 35%, but because we have so many available deductions that the real tax rate or "Effective tax rate" is at 13.4%. That is lower than the average of developed countries of 16.1%. So really corporate taxes in this country are LOWER than almost all other developed countries. The problem with groups like the CATO Institute is that they know this and are intentionally misleading the public.
United States has so many generous special tax preferences for businesses, it collects the fourth lowest corporate tax revenues as a share of GDP among all OECD countries.
Special tax breaks to those who are political powerful... Small business that don't have the means to lobby congress get shut out of the political preference game.
D. Mitchell is right! Co's keep small amt of liquidity for immediate expenditures, & invest profits in securities of other co's. Those other co's use that $ for projects/expansion, which lead to more jobs. Taxing corp's reduces investment $ & impeeds growth/expansion, which hampers new job creation. U.S. co's naturally seek lower tax rates to maximize shareholder wealth, the only reason they're in business. As long as foreign nations offer tax incentives, U.S. will continue to lose jobs.
Corporations r sacrosanct to the economy. U don't bite the hand that feeds u by taxing them out of the country. Plus, leveraged co's don't pay taxes since they pay interest on loans used for projects/expansion, which creates more jobs. Corporate tax breaks r good 4 everyone, from the bond/shareholders, to the unemployed, to the consumers, etc. Vote 4 the party that reduces corporate taxes & you'll be better off 4 it by creating/preserving U.S. jobs. MBA graduate, Dec. 2008.
It's hard to belive this bullshit when the General Accounting Office just reported last month that two thirds of U.S. corporations didn't pay any taxes.
This guy is corporate America's little man whore and he swallows all the load.
Note that when comparing tax rates between the US and other countries, this video calculates the rates in terms of their percentage of GDP--all, that is, except for the Corporate Tax Rate. Is this merely a coincidence or an oversight? No, for as it turns out, as a percentage of GDP, the US's corporate tax rate is 2.2%, compared with 3.4% for the other OECD countries, which makes the US rate significantly lower than average. By not using consistent measurements, this video exposes its agenda.
Keep in mind, the people do not get Corporate Income Tax, the Government does. The biggest loophole is Corporations can defer income taxes on income earned in foreign countries until that money reaches the states.
Corporations bring jobs not the Government
We are losing our jobs because of our tax system and our huge hungry Government.
Why tax a corporation at all? When a corporation distributes it's earnings in the form of dividends the people who recieve the dividends pay tax.
United States (↓ 2) Standard of living worldwide by HDI index ! USA were number 10 sing it with me WERE # 10 WERE # 10 WERE # 10 WERE # 10 TAKE THAT JAPAN YOU SUCK AT # 11 HAHAHAHA
Maybe corporations don't pass savings down the line, but they DO pass burdens on. When a company loses 20,000 dollars, does the CEO's salary decrease, or does a factory worked get fired?
Assuming companies don't pay a full 35%, what's the problem with lowering the tax rate? There's no difference between a company paying 100% of a 15% tax rate and paying 43% of a 35% tax rate, except one way requires companies to spend extra money to cheat.
You are missing the fundamental basis of equilibrium through competition and choice. I also think you are referring to supply-side economics which is what the republicans preach. There is one thing that is for sure, the government is the worst way to distribute money. It leads to a loss of our civil liberties, it leads to a loss of the multiplier effect, it leads to a loss of capital to invest into jobs and growth. The last thing we need is more FEDERAL government! Obey the 10th amendment!
Let's be fair billsoule, there really aren't that many poor people starving in the US. The Feds already manage trillions of dollars in revenue each year, they can and do provide food programs for the minute percentage of our nation that can't afford food and that expenditure barely registers. Besides revenue wouldn't decrease--did you even watch the video?
We need more taxes not less! There are poor people starving out there. Exxon sucks. 60 billion in profits last year and they still can't pay their jury awarded damages from big Alaska oil spill!!
Amen. This is good as gospel. Everyone needs to read Alan Greenspan and the World Is Flat. It is sad that despite the fact that socialism and populism have failed in every experiment that it they have been tested, the uneducated and the politicians seem to naturally gravitate toward them. Keep taxes low!
This is an excellent video. When are we going to wake up? Why are we letting our Congress in all their infinitely pork laden, vote seeking, tax hiking glory impose these crippling controls? US citizens pay dearly for this mismanagement and it has to be dealt with. The countries that are lowering tax burdens are prospering. They get it.
Dan's got a great swing, too. He was once known as the Barry Bonds of the Fairfax County mens softball leagues. And he was never suspected of taking steroids or growth hormone.
You want to curb smoking? You put a tax on smoking! You want to curb private investment? You put a tax on private investment! As simple as that! But private investment is taxed as many as 4 times in the western world. Economists generally rely on bad economic theories that hide the harmful effect of taxes. So institutions like IMF go around recommending tax hikes for every problem, but the reality is that high taxes are the HUGE PROBLEM OF THE RICH WORLD!
This guy Dan Mitchell has been doing an awfully good job showing the world the obvious: That taxes are horribly harmful! That the rich countries are being asphyxiated by high taxes!
Supply Side Economics, the theory that Mitchell promotes, simply say that taxes are harmful! You should not be a genius to realise such an obvious thing!
If you let government's alone they will take everything you have, your freedom, your money, even your life. UNO has been trying to impose enormous taxes, $3 trillion a year. It even wants to impose some kind of world government. WHE SHOULD STOP THESE CORRUPT MEGALOMANIAC BUREAUCRACIES!
If you consider our out-of-pocket health costs in US vs Eurozone, the tax difference (due to VAT) is more than eliminated.
prunar 11 months ago
@prunar Health care costs only spiked after the 1986 tax reform. Of course, Washington now wants to plaster another mistake over this problem rather than admit they made a mistake.
somercet1 5 months ago
2/3rd's of american corporations pay no taxes and receive massive tax breaks; but please keep throwing around blatantly misleading glenn beck propaganda it's doing wonders to destroy this foul american beast
utubeaccount00 11 months ago
in cyprus its 10%
harrisonconstantinou 1 year ago
Companies pay less taxes than I do as a person... If a company doesn't make jobs why not tax them tax them even more.... The differenance si that the other countries make thier business pay their taxes
usapegasus007 1 year ago
This has been flagged as spam show
I listened to Robert Kiyosaki's advice on silver: "I believe this is the biggest investment anyone can make in the next 100yrs" I did my research and found an opportunity that has changed my life in 12 months. Take a look like i did.... Visit: goldsave.co/
Efficacious24 1 year ago
Did this video really just start with some random ribbing of the French people? Lol...
Aliothemage 1 year ago
Taxation is slavery.
AquaticRobot 2 years ago
If you want to tax only workers, self employed, and small business, fuching say it. See how far telling the truth on that shit gets you.
That's Dan's real agenda dumb ass. He wants no tax on unearned income.
But Dan is too smart to tell the truth, so he lies and calls this FLAT tax -- but then adds, as if its just a little thing -- oh, by the way, no tax on my income.
12FlyMe 2 years ago
This guy is the second biggest liar on Youtube - right after Neal Boortz.
This guy calls his tax plan "FLAT" -- same for everyone. But then half second later, he is saying NO tax for him and his idle rich butt buddies like Newt and Steve Forbes.
What this guy really wants -- but doesn't have the balls to say it -- is that ONLY workers pay tax. Just those people who actually work -- ordinary income.
But he has the balls to call his plan "Flat -- same for all" when its flat my ass
NawwLeans 2 years ago
"ONLY workers pay tax"
The problem with that is...?
leoca 2 years ago
Could you blow up that chart in the beginning?
Or at least provide a source?
Surhotchaperchlorome 3 years ago
Maybe Ireland started to grow due to "The Troubles" ending.
dtothediesel 3 years ago
good job, I'm posting this link to my facebook account-- I'll email the comments to your cato email address
thomasravenel 3 years ago
This is a highly deceptive video. The maximium corporate tax is stated at 35%, but because we have so many available deductions that the real tax rate or "Effective tax rate" is at 13.4%. That is lower than the average of developed countries of 16.1%. So really corporate taxes in this country are LOWER than almost all other developed countries. The problem with groups like the CATO Institute is that they know this and are intentionally misleading the public.
padraicbg 3 years ago
dude -- did you not listen to his other arguments for the flat tax -- he said get rid of all the loopholes and have just one low flat tax
thomasravenel 3 years ago
Evidence/links/sources?
Surhotchaperchlorome 2 years ago
United States has so many generous special tax preferences for businesses, it collects the fourth lowest corporate tax revenues as a share of GDP among all OECD countries.
BIGPREZY 3 years ago
Special tax breaks to those who are political powerful... Small business that don't have the means to lobby congress get shut out of the political preference game.
davidmesaaz 3 years ago
D. Mitchell is right! Co's keep small amt of liquidity for immediate expenditures, & invest profits in securities of other co's. Those other co's use that $ for projects/expansion, which lead to more jobs. Taxing corp's reduces investment $ & impeeds growth/expansion, which hampers new job creation. U.S. co's naturally seek lower tax rates to maximize shareholder wealth, the only reason they're in business. As long as foreign nations offer tax incentives, U.S. will continue to lose jobs.
guatay 3 years ago 5
Corporations r sacrosanct to the economy. U don't bite the hand that feeds u by taxing them out of the country. Plus, leveraged co's don't pay taxes since they pay interest on loans used for projects/expansion, which creates more jobs. Corporate tax breaks r good 4 everyone, from the bond/shareholders, to the unemployed, to the consumers, etc. Vote 4 the party that reduces corporate taxes & you'll be better off 4 it by creating/preserving U.S. jobs. MBA graduate, Dec. 2008.
guatay 3 years ago
Tax breaks are the political preference game if you lobby congress to get tax breaks then you get tax breaks that benefit you.
davidmesaaz 3 years ago
It's hard to belive this bullshit when the General Accounting Office just reported last month that two thirds of U.S. corporations didn't pay any taxes.
This guy is corporate America's little man whore and he swallows all the load.
vonerotateca 3 years ago
Note that when comparing tax rates between the US and other countries, this video calculates the rates in terms of their percentage of GDP--all, that is, except for the Corporate Tax Rate. Is this merely a coincidence or an oversight? No, for as it turns out, as a percentage of GDP, the US's corporate tax rate is 2.2%, compared with 3.4% for the other OECD countries, which makes the US rate significantly lower than average. By not using consistent measurements, this video exposes its agenda.
ksmoker27 3 years ago
Keep in mind, the people do not get Corporate Income Tax, the Government does. The biggest loophole is Corporations can defer income taxes on income earned in foreign countries until that money reaches the states.
Corporations bring jobs not the Government
We are losing our jobs because of our tax system and our huge hungry Government.
Why tax a corporation at all? When a corporation distributes it's earnings in the form of dividends the people who recieve the dividends pay tax.
ALLEN2BIG 3 years ago
That opening joke was awesome.
Jawajoey 3 years ago
This has been flagged as spam show
Norway (=)
Iceland (↑ 5)
Australia (=)
Luxembourg (↑ 11)
Canada (↓ 1)
Sweden (↓ 4)
Switzerland (↑ 4)
Ireland (↑ 2)
Belgium (↓ 3)
United States (↓ 2) Standard of living worldwide by HDI index ! USA were number 10 sing it with me WERE # 10 WERE # 10 WERE # 10 WERE # 10 TAKE THAT JAPAN YOU SUCK AT # 11 HAHAHAHA
passwordthisass 4 years ago
Comment removed
Richardcuz420 4 years ago
Maybe corporations don't pass savings down the line, but they DO pass burdens on. When a company loses 20,000 dollars, does the CEO's salary decrease, or does a factory worked get fired?
Assuming companies don't pay a full 35%, what's the problem with lowering the tax rate? There's no difference between a company paying 100% of a 15% tax rate and paying 43% of a 35% tax rate, except one way requires companies to spend extra money to cheat.
Jawajoey 3 years ago
You are missing the fundamental basis of equilibrium through competition and choice. I also think you are referring to supply-side economics which is what the republicans preach. There is one thing that is for sure, the government is the worst way to distribute money. It leads to a loss of our civil liberties, it leads to a loss of the multiplier effect, it leads to a loss of capital to invest into jobs and growth. The last thing we need is more FEDERAL government! Obey the 10th amendment!
shanklinmike 3 years ago
1:58> "Are they smoking crack?"
hahahaha
rrhebert 4 years ago
Let's be fair billsoule, there really aren't that many poor people starving in the US. The Feds already manage trillions of dollars in revenue each year, they can and do provide food programs for the minute percentage of our nation that can't afford food and that expenditure barely registers. Besides revenue wouldn't decrease--did you even watch the video?
Durandal211 4 years ago
We need more taxes not less! There are poor people starving out there. Exxon sucks. 60 billion in profits last year and they still can't pay their jury awarded damages from big Alaska oil spill!!
billsoule 4 years ago
Amen. This is good as gospel. Everyone needs to read Alan Greenspan and the World Is Flat. It is sad that despite the fact that socialism and populism have failed in every experiment that it they have been tested, the uneducated and the politicians seem to naturally gravitate toward them. Keep taxes low!
srgriffith 4 years ago
Vote for Kucinich!!! He can help bring the jobs home!
alchemist1117 4 years ago
This is a great tool to communicate!
mlofthus 4 years ago
This is an excellent video. When are we going to wake up? Why are we letting our Congress in all their infinitely pork laden, vote seeking, tax hiking glory impose these crippling controls? US citizens pay dearly for this mismanagement and it has to be dealt with. The countries that are lowering tax burdens are prospering. They get it.
tek7mm 4 years ago 4
Dan's got a great swing, too. He was once known as the Barry Bonds of the Fairfax County mens softball leagues. And he was never suspected of taking steroids or growth hormone.
95cooks 4 years ago
You want to curb smoking? You put a tax on smoking! You want to curb private investment? You put a tax on private investment! As simple as that! But private investment is taxed as many as 4 times in the western world. Economists generally rely on bad economic theories that hide the harmful effect of taxes. So institutions like IMF go around recommending tax hikes for every problem, but the reality is that high taxes are the HUGE PROBLEM OF THE RICH WORLD!
SupplySideRules 4 years ago 2
This guy Dan Mitchell has been doing an awfully good job showing the world the obvious: That taxes are horribly harmful! That the rich countries are being asphyxiated by high taxes!
Supply Side Economics, the theory that Mitchell promotes, simply say that taxes are harmful! You should not be a genius to realise such an obvious thing!
SupplySideRules 4 years ago 2
If you let government's alone they will take everything you have, your freedom, your money, even your life. UNO has been trying to impose enormous taxes, $3 trillion a year. It even wants to impose some kind of world government. WHE SHOULD STOP THESE CORRUPT MEGALOMANIAC BUREAUCRACIES!
SupplySideRules 4 years ago
Dan Mitchell is a genius! He is the one that gave a giant blow to OECD's campaign against low tax jurisdictions.
There are several global campaigns to avoid capital flight from countries with exorbitant high taxes to countries with reasonable taxes.
OECD is trying to impose a Universal Oppresive system. Dan Mitchell has been crucial in stopping this monstruosity.
SupplySideRules 4 years ago
tax competition is cool :)
rambo26 4 years ago