quote:

Maybe I'm a hermit but I really and respectively do not know anyone wanting to see our country become Syria, Iraq, Cuba or Mexico.

RH,

That response was way too rational and articulate to waste on Ken. His posts call for old school mockery and name calling.

Talk Origins present Chez Watt Awards for the best posts of the year, good or bad.

Here is one of my favorites, a Chez Watt Award Winner 2003, and I offer it to those out there who have a sense of humor about people who live in the Universe of Duh:

Ode to Ignorance

Your ignorance is the big bang of ignorance, inflating at exponential
rate, giving birth to entire universes of densities so high that the
very fabric of space-time itself is being rent. Ignorance came into
being with you and is defined by your being. You are the fundamental
particle of ignorance and all ignorance is measured in terms of you.
You exist at the center of an ignorance well so massive that you may
well be the force to slow the expansion of the universe that science
has been seeking.

Indeed, I would place you in the killfile but the gravitational
lensing effect from the density of your ignorance is making it
difficult to determine your actual location. And that it is also
possible--though speculative--that adding infinite ignorance to the
quantity of stupid already in my killfile may cause my newsreader to
be "pinched off" this universe and into a closed sub-universe of
duh...

[/QUOTE]

I guess I was at lunch when the companies I was with got tax credits for outsourcing to china.

What I saw was that if outsourcing to China caused them to be more profitable they paid more taxes not less. In that particular case, the crap that came in was so bad and most had to be reworked or trashed so I'm not sure it added to profits in which case they probably paid less taxes.

Maybe someone can describe how the "credit" works to send jobs overseas?

PS I'd like to see some way to keep jobs here too.

quote:

Maybe someone can describe how the "credit" works to send jobs overseas?

It's not so much a tax credit as a tax deferral. The foreign subsidiaries of U.S. based global corporations can park earnings off-shore and not have to pay taxes on them. The "value add" content performed off-shore is essentially rendered exempt from taxation in the U.S. We are talking about MANY billions of dollars. These large corps are then pretty adept at avoiding taxation when they do bring the profits back home.

quote:

Originally posted by RightsaidFred:

quote:

Maybe someone can describe how the "credit" works to send jobs overseas?

It's not so much a tax credit as a tax deferral. The foreign subsidiaries of U.S. based global corporations can park earnings off-shore and not have to pay taxes on them. The "value add" content performed off-shore is essentially rendered exempt from taxation in the U.S. We are talking about MANY billions of dollars. These large corps are then pretty adept at avoiding taxation when they do bring the profits back home.

Now you are talking about something that is real and not a made up term intended to deceive someone. Thanks. Yes I agree there are billions that the IRS can't get at, but how you going to get US businesses that have income in other countries to pay tax in the US without just making them move the rest of their operations overseas?
If there are those that make income in the US , don't pay taxes and send the money to another country .....oh, sorry that is part of the 'arizona" thread.

quote:

Now you are talking about something that is real and not a made up term intended to deceive someone. Thanks.

Glad I could help, but to date I have never talked about "a made up term intended to deceive someone". I'm all about unvarnished reality, SoT. Even when it collides with other "made up terms".

quote:

Originally posted by RightsaidFred:

quote:

Now you are talking about something that is real and not a made up term intended to deceive someone. Thanks.

Glad I could help, but to date I have never talked about "a made up term intended to deceive someone". I'm all about unvarnished reality, SoT. Even when it collides with other "made up terms".

The "made up terms intended to deceive" are of course the title to this thread and I wrongfully believed you would catch that. Sorry.

I may be slow on the pick-up, but I more than make up for in with a lack of comprehension.

quote:

Originally posted by RightsaidFred:
I may be slow on the pick-up, but I more than make up for itin with a lack of comprehension.

Again I find that you are "toying" with my expectations with such a blatant display of humility. I think my leg is tingling.

The "Plantar Fasciatis" is not a pleasant condition.

Sorry, my foot was asleep , had to take off the boot and flex the toes to get back to real.