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Elroy Jetson

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Elroy Jetson

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Re: n4807g post# 73961

Tuesday, 01/17/2017 12:35:44 PM

Tuesday, January 17, 2017 12:35:44 PM

Post# of 110206
There is no "overseas cash". This cash is only overseas on accounting ledgers.

Because interest rates are currently low, the "arms length" interest rate a company can charge itself for a loan is greatly reduced.

Low interest rates have merely reduced the benefit provided by this tax avoidance scheme, bringing a company's effective tax rate back closer to their actual tax rate.

We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.

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