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The tax rate of 35 percent is impossible to provide an incentive to the large corporations, that have $1.7 trillion offshore, to put their money back in the united states.
-Frederick W. Smith
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The Tax Rate Of 35 Percent Is

Frederick W. Smith
The tax rate of 35 percent is impossible to provide an incentive to the large corporations, that have $1.7 trillion offshore, to put their money back in the united states.
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United States Incentives Corporations

More From Frederick W. Smith

If you look at the performance of the zero-income-tax-rate states and the highest-income-tax-rate states, i believe a large amount of their difference is due to taxes. not only is it true of the last decade, but i took these numbers back 50 years. and, there's not one year in the last 50 where the zero-income-tax-rate states have not outperformed the highest-income-tax-rate states.
Zero Believe Years
To walk in money through the night crowd, protected by money, lulled by money, dulled by money, the crowd itself a money, the breath money, no least single object anywhere that is not money. money, money everywhere and still not enough! and then no money, or a little money, or less money, or more money but money always money. and if you have money, or you don't have money, it is the money that counts, and money makes money, but what makes money make money?
Money Night Crowds
Regarding the economy & taxation: america's most successful achievers do pay a higher share of the total tax burden. the top one percent income earners paid 18 percent of the total tax burden in 1981, and paid 25 percent in 1991. the bottom 50 percent of income earners paid only 8 percent of the total tax burden, and paid only 5 percent in 1991. history shows that tax cuts have always resulted in improved economic growth producing more tax revenue in the treasury.
Success Cutting America
You got to remember, s corporations pay one layer of tax, corporations pay two layers of tax. so we basically see equivalent, but here`s the point. the rest of the world, they tax their businesses at an average rate in the industrialized world of 23 percent. our corporate is 35. our top s corporate, small business rate is 44.6 effectively. this is killing us.
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Let's take the nine states that have no income tax and compare them with the nine states with the highest income tax rates in the nation. if you look at the economic metrics over the last decade for both groups, the zero-income-tax-rate states outperform the highest-income-tax-rate states by a fairly sizable amount.
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The united states of american business pays the second-highest business taxes in the world, 35 percent. ireland pays 11 percent. now, if you're a business person, and you can locate any place in the world, then, obviously, if you go to the country where it's 11 percent tax versus 35 percent, you're going to be able to create jobs, increase your business, make more investment, et cetera. i want to cut that business tax. i want to cut it so that businesses will remain in the united states of america and create jobs.
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