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Re: lizzy241 post# 354793

Monday, 09/20/2021 5:59:54 PM

Monday, September 20, 2021 5:59:54 PM

Post# of 425649
Companies do not leave the US to escape corp. taxes, their employees would not be willing to move to a foreign country just to keep their jobs. If you mean move more manufacturing plants overseas, if they import the products to the US they still get taxed. Stranded profits are a different issue - AAPL has a gazillion dollars stranded overseas, not willing to bring that money to the US and pay taxes on it - IIRC they run that cash hoard like a HF to make money off investments. Tax rate was lowered as a gift to rich buddies under the disguise of adding jobs, but none were created, the corps. used the savings on dividends and stock buybacks and paid off debt. Nobody is leaving the country if corp tax rates go up, they'll simply raise prices - oh, and who dropped prices when taxes went down? Nobody!

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