Comments on: Forget taxes, it’s wages that plague Americans http://blogs.reuters.com/david-cay-johnston/2011/08/06/forget-taxes-its-wages-that-plague-americans/ Sat, 23 Mar 2013 13:49:31 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: TinyOne http://blogs.reuters.com/david-cay-johnston/2011/08/06/forget-taxes-its-wages-that-plague-americans/#comment-133 Mon, 15 Aug 2011 19:08:05 +0000 http://blogs.reuters.com/david-cay-johnston/?p=36#comment-133 so does this data include or exclude non-wage benefits like health care?

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By: Sinbad1 http://blogs.reuters.com/david-cay-johnston/2011/08/06/forget-taxes-its-wages-that-plague-americans/#comment-130 Sun, 14 Aug 2011 05:15:49 +0000 http://blogs.reuters.com/david-cay-johnston/?p=36#comment-130 @ActualTaxpayer

Taxes are higher in Germany and their economy is booming.

Many business people seem to blame economic conditions for their poor performance but how bad is it for US companies compared to other countries.

The US has some of the lowest taxes in the world. Unskilled wages in the US are very low compared to most developed nations and the US has some of the cheapest energy in the western world.

You would think that with all the financial benefits available to US based companies they would be booming?

The reason the US economy is stuck is because the American people can no longer afford to consume the products made in the factory.

How many people buy a car cash and how many on finance, the American people have been bled dry and if they don’t get higher wages the US will be poorer than Mexico in twenty years.

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By: Intriped http://blogs.reuters.com/david-cay-johnston/2011/08/06/forget-taxes-its-wages-that-plague-americans/#comment-128 Sun, 14 Aug 2011 01:10:40 +0000 http://blogs.reuters.com/david-cay-johnston/?p=36#comment-128 Flat tax all the way around. 25% for corporations with a 5% write off when they hire a significant number of US Citizens for US operations. A flat 10% tax on federal wages earned by employees earning 56,000 annually or less. 15% on anything above 56,000. Remove all of the rest of the cumbersome public and corporation tax breaks.

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By: bpennsr http://blogs.reuters.com/david-cay-johnston/2011/08/06/forget-taxes-its-wages-that-plague-americans/#comment-124 Wed, 10 Aug 2011 21:52:21 +0000 http://blogs.reuters.com/david-cay-johnston/?p=36#comment-124 Folks there has been a major structural shift in the American economy due to global competition as well as technology driven productivity increases. The major sectors that have not been displaced to offshore competition are: housing/construction, government, and healthcare. With housing in the dumper and healthcare and government growth being unsustainable the American economy these sectors cannot grow America. In the sectors that are displaceable to foreign competition/outsourcing “living wages” are not sustainable. American business competitiveness is the key issue that American leadership needs to address ahead of tax policy, deficit reduction, and further stimulus. If we can improve competitiveness the other issues can be managed. If we do not improve we will not be able to sustain our standard of living no matter how much we try to tax.

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By: CaptnCrunch http://blogs.reuters.com/david-cay-johnston/2011/08/06/forget-taxes-its-wages-that-plague-americans/#comment-121 Tue, 09 Aug 2011 17:41:25 +0000 http://blogs.reuters.com/david-cay-johnston/?p=36#comment-121 Here’s an alternative perspective from another small businessman and technically Republican although I vote independent. We pay living wages with good benefits, we pay 100% of decent major medical coverage for our employees and I would _welcome_ higher corporate (and individual) taxes _if_ they were to be used to pay down debt and get us (USA) back on a sound fiscal track.

What I do not welcome and am not willing to pay for is more charity on a credit card, and the further enablement of a growing 3rd and 4th generation entitlement class whose sole ambition is collecting a welfare check every month.

I enjoy your columns Mr Johnston, and I do not doubt the factual correctness of this article. However, the constant spin I read in your words is that all our problems would be solved if only greedy businessmen could be throttled into submission.

No, all our problems would be solved if only we could start acting like responsible forward thinking adults and stop spending more than we make as a country. So simple, so elusive.

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By: actnow http://blogs.reuters.com/david-cay-johnston/2011/08/06/forget-taxes-its-wages-that-plague-americans/#comment-120 Mon, 08 Aug 2011 21:05:59 +0000 http://blogs.reuters.com/david-cay-johnston/?p=36#comment-120 Forget taxes? That’s kind of hard when your combined tax burden is 40% of your income. His opinions really are his own.

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By: ecox http://blogs.reuters.com/david-cay-johnston/2011/08/06/forget-taxes-its-wages-that-plague-americans/#comment-119 Mon, 08 Aug 2011 20:23:44 +0000 http://blogs.reuters.com/david-cay-johnston/?p=36#comment-119 Flawed number crunching. Fails to look at the type of wages. For example, the increase in the number individuals that have retired in the past 15 years (remember the baby boomer generation that has now come of retirement age) and now drawing a retirement check and the increase in the number of individuals drawing social security. This report also fails to calculate the percentage of high paying job loss to foreign countries. The report cited the population growth by 25 million I’m thinking that info came from the census report. The report fails to cite the increase in the number of illegal aliens in this country. Could it possibly be 25 million?

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By: kritik1 http://blogs.reuters.com/david-cay-johnston/2011/08/06/forget-taxes-its-wages-that-plague-americans/#comment-116 Mon, 08 Aug 2011 19:03:02 +0000 http://blogs.reuters.com/david-cay-johnston/?p=36#comment-116 Corporate America has two objectives: Run the government over twice with a 8 cyl automobile and to destroy small business so that winner takes all. Both objectives are wishful thinking.

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By: DrJJJJ http://blogs.reuters.com/david-cay-johnston/2011/08/06/forget-taxes-its-wages-that-plague-americans/#comment-114 Mon, 08 Aug 2011 18:24:22 +0000 http://blogs.reuters.com/david-cay-johnston/?p=36#comment-114 It’s the tea party’s fault, it’s Bushes fault, it’s the weather’s fault, there’s threat of locus, the Repubs aren’t nice we need higher taxes, more government, more unions, a raise and to spend our way out! Ask what your government can do for you!

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By: GetpIaning http://blogs.reuters.com/david-cay-johnston/2011/08/06/forget-taxes-its-wages-that-plague-americans/#comment-113 Mon, 08 Aug 2011 18:13:20 +0000 http://blogs.reuters.com/david-cay-johnston/?p=36#comment-113 There are an alarming number of uninformed people claiming that America has a high corporate tax rate that is stifling economic growth and job creation. But all one has to do is examine the most recent data from the Organization for Economic Cooperation and Development, the Office of Management and Budget, or even the U.S. Census Bureau, and you will find that the U.S. is already one of the least taxed countries for corporations in the developed world.
As a share of GDP, the U.S. has the world’s second lowest tax rate, behind only Iceland. This statistic demolishes the constantly parroted right wing lie that America has the highest corporate tax rate in the world, which is only true on paper, at the Wall Street Journal Editorial page, and at Fox News. In the real world, U.S. corporate taxes are 1.3 percent of GDP. They were 4 percent in 1965.
Another thing conservatives love to parrot is that other OECD countries have lowered their corporate tax rates in recent years, while they conveniently ignore that all of these countries have also closed corporate tax loopholes while the U.S. has expanded them. US corporate tax rates have NEVER been lower than they are today. So the next time some “business owner” he is “overtaxed”, laugh and tell him to move his lying butt to Iceland.

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