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Wednesday, August 27, 2014

Not even a drop in the bucket

Posted by Scott Tibbs at 5:30 PM (#)

ABC World News reported last night that corporations moving to another country can cost the federal government $19 billion in tax revenue over ten years. That sounds like a lot, but it is basically nothing. Compared to the size of the federal budget, that is not a drop in the bucket. That is a drop in the Pacific Ocean.


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At August 31, 2014 at 9:31 AM , Blogger Mike Newton said...  

And the point is? Are you saying it should be ignored? Sounds like another lame Republican excuse for billionaires to do as they please without restriction. If I'm misreading you, please clarify publicly.

At August 31, 2014 at 9:53 AM , Blogger Scott Tibbs said...  

No, I am not saying billionaires should be allowed to "do as they please without restriction."

The point stands - it's a drop in the Pacific Ocean.

The problem is not Burger King. The problem is the high corporate tax rate, which causes people to avoid it.

Burger King's move is completely legal under our laws. I fully support people exercising their legal rights.

Furthermore, tax avoidance and tax evasion are not the same thing. One is a crime, and one is people exercising their rights under our laws.

At August 31, 2014 at 9:54 AM , Blogger Scott Tibbs said...  

I engage in tax avoidance every time I go to downtown Bloomington and seek out free parking instead of using the meters.

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