Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
taxreformer -
"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
taxreformer -
Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
taxreformer -
Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
taxreformer -
Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
taxreformer -
9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
taxreformer -
.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
taxreformer -
"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
taxreformer -
Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
taxreformer -
The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
taxreformer
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The Historical and Mathematical Case for Repatriation
According to analysis by JP Morgan, there is $1.4 trillion of earnings waiting to be returned to the United States.
According to analysis by JP Morgan, there are $1.4 trillion of earnings waiting to be returned to the United States if only US tax policy was friendlier to business activity. A 2011 study found that a one-time repatriation tax rate of 5.25% (instead of the difference between the US’ 35% rate and the foreign tax rate already paid) would increase economic growth by $360 billion and create 2.9 million jobs within two years. Industry and academic studies present a favorable view of what repatriation could do for economic growth.
- Shapiro and Mathur find that repatriated funds in 2004 were used to create or retain over 2.14 million jobs, and generated $34.5 billion in new federal revenues. Repatriation increased dividends to American shareholders eightfold when the US temporarily exempted foreign-source dividends.
- Dhammika Dharmapala, Fritz Foley and Kristin Forbes found in their 2004 study that each $1 increase in repatriated earnings was associated with increased payouts to shareholders between $0.60 and $0.92. 24 percent of the dividends repatriated were reportedly used for US capital investment, 23.5 percent for the hiring and training of US employees, 14.7 percent for US research and development, and 12.4 percent for paying down domestic debt.
Repatriation is a first step toward reforming the US’ anti-competitive tax system toward an internationally competitive territorial tax system. History and the numbers tell a story of how repatriation can put Americans back to work now.
