Question by MowYourOwnLawn: How long to you think the rich are going to float the bill before they leave the US with their money? #2 ?
Here is a list of companies that have already relocated according to CNN. Everyday the list grows. Who will pay for the underprivileged when all we are is peasants waiting for the bread line to open. And dont forget, its not just the income tax from the company that we loose but also all the jobs that were lost and those taxes as well. Maybe Mccain had a point after all.
3Com
3M
A
Aalfs Manufacturing
Aavid Thermal Technologies
ABC-NACO
Accenture
Access Electronics
Accuride Corporation
Accuride International
Adaptec
ADC
Adobe Systems
Advanced Energy Industries
Aetna
Affiliated Computer Services
AFS Technologies
A.G. Edwards
Agere Systems
Agilent Technologies
AIG
Alamo Rent A Car
Albany International Corp.
Albertson’s
Alcoa
Alcoa Fujikura
Allen Systems Group
Alliance Semiconductor
Allstate
Alpha Thought Global
Altria Group
Amazon.com
AMD
Americ Disc
American Dawn
American Express
American Greetings
American Household
American Management Systems
American Standard
American Uniform Company
AMETEK
AMI DODUCO
Amloid Corporation
Amphenol Corporation
Analog Devices
Anchor Glass Container
ANDA Networks
Anderson Electrical Products
Andrew Corporation
Anheuser-Busch
Angelica Corporation
Ansell Health Care
Ansell Protective Products
Anvil Knitwear
AOL
A.O. Smith
Apple
Applied Materials
Ark-Les Corporation
Arlee Home Fashions
Art Leather Manufacturing
Artex International
ArvinMeritor
Asco Power Technologies
Ashland
AstenJohnson
Asyst Technologies
Atchison Products, Inc.
A.T. Cross Company
AT&T
AT&T Wireless
A.T. Kearney
Augusta Sportswear
Authentic Fitness Corporation
Automatic Data Processing
Avanade
Avanex
Avaya
Avery Dennison
Azima Healthcare Services
Axiohm Transaction Solutions
B
Bank of America
Bank of New York
Bank One
Bard Access Systems
Barnes Group
Barth & Dreyfuss of California
Bassett Furniture
Bassler Electric Company
BBi Enterprises L.P.
Beacon Blankets
BearingPoint
Bear Stearns
BEA Systems
Bechtel
Becton Dickinson
BellSouth
Bentley Systems
Berdon LLP
Berne Apparel
Bernhardt Furniture
Best Buy
Bestt Liebco Corporation
Beverly Enterprises
Birdair, Inc.
BISSELL
Black & Decker
Blauer Manufacturing
Blue Cast Denim
Bobs Candies
Borden Chemical
Bourns
Bose Corporation
Bowater
BMC Software
Boeing
Braden Manufacturing
Briggs Industries
Brady Corporation
Bristol-Myers Squibb
Bristol Tank & Welding Co.
Brocade
Brooks Automation
Brown Wooten Mills Inc.
Buck Forkardt, Inc.
Bumble Bee
Burle Industries
Burlington House Home Fashions
Burlington Northern and Santa Fe Railway
C
Cadence Design Systems
Camfil Farr
Candle Corporation
Cains Pickles
Capital One
Cardinal Brands
Carrier
Carter’s
Caterpillar
C-COR.net
C&D Technologies
Cellpoint Systems
Cendant
Centis, Inc.
Cerner Corporation
Charles Schwab
ChevronTexaco
The Cherry Corporation
CIBER
Ciena
Cigna
Circuit City
Cirrus Logic
Cisco Systems
Citigroup
Clear Pine Mouldings
Clorox
CNA
Coastcast Corp.
Coca-Cola
Cognizant Technology Solutions
Collins & Aikman
Collis, Inc.
Columbia House
Comcast Holdings
Comdial Corporation
Computer Associates
Computer Horizons
Computer Sciences Corporation
CompuServe
Concise Fabricators
Conectl Corporation
Conseco
Consolidated Metro
Continental Airlines
Convergys
Cooper Crouse-Hinds
Cooper Tire & Rubber
Cooper Tools
Cooper Wiring Devices
Copperweld
Cordis Corporation
Corning
Corning Cable Systems
Corning Frequency Control
Countrywide Financial
COVAD Communications
Covansys
Creo Americas
Cross Creek Apparel
Crouzet Corporation
Crown Holdings
CSX
Cummins
Cutler-Hammer
Cypress Semiconductor
D
Dana Corporation
Daniel Woodhead
Davis Wire Corp.
Daws Manufacturing
Dayton Superior
DeCrane Aircraft
Delco Remy
Dell Computer
DeLong Sportswear
Delphi
Delta Air Lines
Delta Apparel
Direct TV
Discover
DJ Orthopedics
Document Sciences Corporation
Dometic Corp.
Donaldson Company
Douglas Furniture of California
Dow Chemical
Dresser
Dun & Bradstreet
DuPont
E
Earthlink
Eastman Kodak
Eaton Corporation
Edco, Inc.
Editorial America
eFunds
Edscha
Ehlert Tool Company
Elbeco Inc.
Electroglas
Electronic Data Systems
Electronics for Imaging
Electro Technology
Eli Lilly
Elmer’s Products
E-Loan
EMC
Emerson Electric
Emerson Power Transmission
Emglo Products
Engel Machinery
En Pointe Technologies
Equifax
Ernst & Young
Essilor of America
Ethan Allen
Evenflo
Evergreen Wholesale Florist
Evolving Systems
Evy of California
Expedia
Extrasport
ExxonMobil
F
Fairfield Manufacturing
Fair Isaac
Fansteel Inc.
Farley’s & Sathers Candy Co.
Fasco Industries
Fawn Industries
Fayette Cotton Mill
FCI USA
Fedders Corporation
Federal Mogul
Federated Department Stores
Fellowes
Fender Musical Instruments
Fidelity Investments
Financial Techologies International
Findl
Best answer:
Answer by Buck Ofama
Not very long. We could bring them all back home AND $ 12 trillion in offshore accounts with the FairTax Act. H.R. 25
For those who don’t know about the FairTax, a little background:
The FairTax Plan is a comprehensive proposal that replaces all federal income and payroll taxes with an integrated approach including a progressive national retail sales tax on new items only, a rebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue replacement, and, through companion legislation, repeal of the 16th Amendment. This nonpartisan legislation (HR 25/S 1025) abolishes all federal personal, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes and replaces them with one simple, visible, federal retail sales tax – collected by existing state sales tax authorities. The FairTax taxes us only on what we choose to spend, not on what we earn. It does not raise any more or less revenue; it is designed to be revenue neutral. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system. More details can be found at www.fairtax.org
The income tax equation is income- taxes-compliance dollars = spending
The Fair Tax equation is income = spending + taxes+ compliance dollars, so here we are taxed as we spend and keep the compliance costs
http://wethepeople.org/wpblog/?tag=the-fairtax-act
Know better? Leave your own answer in the comments!