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business/corporation taxes vs job creation

 
Old 08-18-2011, 06:24 PM
  #1  
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Default business/corporation taxes vs job creation

If the gov't stopped collecting taxes from businesses and corporations starting today, how long till unemployment drops one full point, from 9% to 8%, or anything significant?
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Old 08-18-2011, 06:26 PM
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Default Re: business/corporation taxes vs job creation

Taxes aren't the issue.
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Old 08-18-2011, 06:30 PM
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Default Re: business/corporation taxes vs job creation

Originally Posted by Abandoned Ship View Post
Taxes aren't the issue.
Well, it is in this thread.

But seriously, it's not just one variable, obviously much more complicated than that.

Just an exercise I thought might be fun.

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Old 08-18-2011, 06:32 PM
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Default Re: business/corporation taxes vs job creation

Premise is flawed, so I can't answer the question.
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Old 08-18-2011, 06:33 PM
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Default Re: business/corporation taxes vs job creation

They'd just hold on to the dough until market volatility ceases from bad fiscal policy.
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Old 08-18-2011, 06:36 PM
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Default Re: business/corporation taxes vs job creation

Originally Posted by Abandoned Ship View Post
Taxes aren't the issue.
Being an entrepreneur I can agree with that statement. The problem is the uncertainty what this president and the Senate will do. None of us are taking any risks. We are trying to retain capital, as in not loose too much more... Three years now and not one stinkin' break for us little guys.
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Old 08-18-2011, 06:39 PM
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Default Re: business/corporation taxes vs job creation

Originally Posted by xtrac1 View Post
Well, it is in this thread.

But seriously, it's not just one variable, obviously much more complicated than that.

Just an exercise I thought might be fun.

as others said, its market volatility that is the issue.
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Old 08-18-2011, 06:41 PM
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Default Re: business/corporation taxes vs job creation

Originally Posted by Ponyboy View Post
They'd just hold on to the dough until market volatility ceases from bad fiscal policy.
I would hope that they spend some of that money.

Desperate times = opportunity if you have the means.

Must be nice to be rich.
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Old 08-18-2011, 06:59 PM
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Default Re: business/corporation taxes vs job creation

they can't spend the money fast enough

A friend of mine said silicon valley is hiring like crazy but this is

200 listings for iphone engineers and 260 for software engineers :O

http://www.apple.com/jobs/us/corporate.html
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Old 08-18-2011, 08:08 PM
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Default Re: business/corporation taxes vs job creation

they would just increase their profit. that's what the airlines are doing right now since the faa can't tax them.
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Old 08-18-2011, 10:08 PM
  #11  
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Default Re: business/corporation taxes vs job creation

2008 was bad in 2 ways. 1 it was shitty over all, 2 it taught corporations nation wide how to run very lean with minimal head-count. This has lead to amazing profits for many in 2010/2011..essentially they are seeing a huge bounce in business..while still operating with the same head count as 2008/2009. Corps wont start to hire at a real measurable rate until the market and economy as shown strong legitimate growth for 1-2yrs. Unfortunately pay-roll tax is just a small part of that equation
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Old 08-18-2011, 11:19 PM
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Default Re: business/corporation taxes vs job creation

Originally Posted by BigMoose View Post
Being an entrepreneur I can agree with that statement. The problem is the uncertainty what this president and the Senate will do. None of us are taking any risks. We are trying to retain capital, as in not loose too much more... Three years now and not one stinkin' break for us little guys.

Living entre manure, I can agree with that statement.
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Old 08-19-2011, 02:32 AM
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Default Re: business/corporation taxes vs job creation

The government ALREADY collects virtually no taxes from large corporations and we still have no jobs.
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Old 08-19-2011, 04:36 AM
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Default Re: business/corporation taxes vs job creation

Originally Posted by Xentropa View Post
The government ALREADY collects virtually no taxes from large corporations and we still have no jobs.
that's what i was thinking...
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Old 08-19-2011, 04:49 AM
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Default Re: business/corporation taxes vs job creation

Originally Posted by xtrac1 View Post
they can't spend the money fast enough

A friend of mine said silicon valley is hiring like crazy but this is

200 listings for iphone engineers and 260 for software engineers :O

http://www.apple.com/jobs/us/corporate.html
i am almost certain the software industry is a bubble waiting to burst.
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Old 08-19-2011, 05:44 AM
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Default Re: business/corporation taxes vs job creation

I think the demand will need to come before the hiring. The only way this works is if they use those tax breaks to lower the price of their products hoping people will part with the money they've been not spending. If this can drive up demand then they might have a reason to start hiring. For this to be the sole reason of a 1% drop in UE I think it would take 2-3 years.
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Old 08-19-2011, 06:07 AM
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Default Re: business/corporation taxes vs job creation

You should have put never then I could have answered.
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Old 08-19-2011, 09:26 AM
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Default Re: business/corporation taxes vs job creation

Originally Posted by jdmwannabee View Post
they would just increase their profit. that's what the airlines are doing right now since the faa can't tax them.
horrible comparison, they held onto it because they knew in the short term a deal was going to be reached. Why lower their prices for 2 weeks? Made no sense to remove a tax on a scale that big just to put it back in week or 2 later.

I think if Obama cut taxes to 0 tomorrow, you would probably see a mild gain the stock market, but overall the issue would be probably non effective. Uncertainty is the problem.

He would have to cut taxes and signal a complete reversal of his policies. Cut taxes for 2-3 years, keep the Bush Tax cuts, and give a speech businesses listened to.

Kinda out of character for him
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Old 08-19-2011, 09:27 AM
  #19  
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Default Re: business/corporation taxes vs job creation

Originally Posted by Xentropa View Post
i am almost certain the software industry is a bubble waiting to burst.
iphone apps doe
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Old 08-19-2011, 09:32 AM
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Default Re: business/corporation taxes vs job creation

Originally Posted by Xentropa View Post
The government ALREADY collects virtually no taxes from large corporations and we still have no jobs.
a blatantly false statement as well.

USA is 3rd highest out of the BIG SEVEN industrial nations in corporate tax rates (39.3%) and 3rd highest out of almost 50 nations. Only germany and japan out rank it.

http://www.cbo.gov/ftpdocs/69xx/doc6...rporateTax.pdf

While our tax rates are high, its the IRS loop holes that allow companies like GE to hide money overseas and avoid actually paying the high rates. That is smart business and has been that way for years. So a blanket statement like you made is totally false.
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Old 08-19-2011, 09:50 AM
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Default Re: business/corporation taxes vs job creation

Originally Posted by MarcusFenix View Post
a blatantly false statement as well.

USA is 3rd highest out of the BIG SEVEN industrial nations in corporate tax rates (39.3%) and 3rd highest out of almost 50 nations. Only germany and japan out rank it.

http://www.cbo.gov/ftpdocs/69xx/doc6...rporateTax.pdf

While our tax rates are high, its the IRS loop holes that allow companies like GE to hide money overseas and avoid actually paying the high rates. That is smart business and has been that way for years. So a blanket statement like you made is totally false.
Dont rain on his parade! Just like the fallacy that most liberals believe, that the top earners have magical tax-loop-holes and shift the tax burden to the middle and lower class
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Old 08-19-2011, 09:54 AM
  #22  
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Default Re: business/corporation taxes vs job creation

Originally Posted by MarcusFenix View Post
a blatantly false statement as well.

USA is 3rd highest out of the BIG SEVEN industrial nations in corporate tax rates (39.3%) and 3rd highest out of almost 50 nations. Only germany and japan out rank it.

http://www.cbo.gov/ftpdocs/69xx/doc6...rporateTax.pdf

While our tax rates are high, its the IRS loop holes that allow companies like GE to hide money overseas and avoid actually paying the high rates. That is smart business and has been that way for years. So a blanket statement like you made is totally false.
Which is funny because GE is such a liberal company in bed with the current admin(and previous, I'm sure), yet they avoid doing what they are telling everyone else to do
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Old 08-19-2011, 09:56 AM
  #23  
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Default Re: business/corporation taxes vs job creation

[email protected] being "liberal"

At that level, the liberal/conservative veil goes away..its all money period
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Old 08-19-2011, 10:05 AM
  #24  
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Default Re: business/corporation taxes vs job creation

better question is, if the gov't cut welfare altogether, how long till unemployment drops
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Old 08-19-2011, 10:11 AM
  #25  
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Default Re: business/corporation taxes vs job creation

Originally Posted by ucb View Post
[email protected] being "liberal"

At that level, the liberal/conservative veil goes away..its all money period
But they perpetuate the liberal mindset through their media outlets, getting the government to outlaw incandescent bulbs, etc. I realize they're only in it for the money, using the liberal belief and gullible citizens as their means.
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