Trump Scoreboard - Marketwatch

[fskimospy]

How many countries are part of that OECD average? like, I'd like to see the individual data points that make up that average (I trust basically...no data that doesn't show individual data points).

In that chart, US looks like it could be the average of what could be extremely high tax rates and extremely low tax rates within that average. At least, one could just as easily make that argument without seeing the data. Or at the very least, you have a few massive outliers that are biasing that average way out of normal. (not saying that's the case...just why few people care to discuss averages if they are taking things seriously).

So yeah, obviously the overall trend is dropping, but what we do know is that a lot of developed nations suddenly came into being, like UAB and such during that trend, that have preposterously low, unsustainable self-destructive tax rates (because they think a commodity economy is sustainable, lol), that are likely influencing, if not the only reason, for that declining trend. I know that in much of Europe, the rate is much higher than in the US.

Whenever you see ‘top rate’ or ‘statutory rate’ you can freely ignore the rest of it because it’s not talking about what companies actually pay.

 

[zzyzxroad]

The issue is corporate taxes are ridiculously complicated and corporations aren't all taxed the same.

This study is worth a read.

Corporate Tax Avoidance in the First Year of the Trump Tax Law

Profitable Fortune 500 companies avoided $73.9 billion in taxes under the first year of the Trump-GOP tax law. The study includes financial filings by 379 Fortune 500 companies that were profitable in 2018; it excludes companies that reported a loss.

itep.org

As a whole the US has shifted most of our revenue to Individual and payroll taxes. It seams like we have set the stage for large corporation to consolidate and become increasingly more powerful. Companies shifted funds back to the US as part of the 2017 tax change and did higher more staff. I'm going to guarantee that is short term and then they will continue to use monies to supercharge profits, stocks and market cap.

This article is also worth a read.

U.S. Companies Brought Home More Profits From Overseas

U.S. companies brought home more profits stashed overseas in 2018, the first year after the tax-law overhaul, than initially estimated.

www.wsj.com

We already duped the common folk into thinking 401Ks were some great plan to help them retire so might as well keep going. I have a bad feeling those coal miners are not going to learn to code but instead learn to be peasants.

Oh and if we are not going to drastically grow revenue can we at least not drastically increase spending (before Covid)?

 

[Vic]

I'm just here to point out that the DJIA is up over 1,200 points today, and hit an all-time high, because Biden won, and investors can finally expect effective science-based leadership to solve the COVID pandemic.

 

[Fenixgoon]

I'm just here to point out that the DJIA is up over 1,200 points today, and hit an all-time high, because Biden won, and investors can finally expect effective science-based leadership to solve the COVID pandemic.

i believe from earlier in this thread (or another market-related one), that a drop of 1000 points was considered a trump. should a jump of 1000 points be called a biden?