Pawlenty: Time to slash business taxes and keep other taxes the...

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Sideshow Bob wrote:

<quoted text>Effective state corporate income tax rate, is that defined by all corporate income taxes paid divided by all revenue collected? If so, that is a useless number, companies that are making money and losing money are all lumped together. Its like saying that you are making $1 million a year, and I am making $1000 a year, so our average wage is $500,500; then using that data to argue for or against. Effective tax rate is useful for public policy planning and budgeting, but not really so much for corporations that are profitable.
The corporate income tax rate for corporations in Minnesota is 9.8% of all profits. The effective tax rate by corporation depends on how successful the corporation is.

ahem wrote:

<quoted text>
It's only "useless" to you because it doesn't suit your agenda.
State corporate income taxes are inconsequential in the scheme of things. If they mattered, all the rich states would be poor and all the poor states would be rich.
When a state takes the "come here - I have low taxes" route, they're making a clear admission that they aren't a very worthwhile place to live and do business. Supply and demand. The greater the demand, the higher the price - that's why places people want to live can charge more.
Someone who has a knee-jerk, anti-government, immature outlook doesn't grasp why the facts say what they say. They just keep harping on their theories to no avail, while the adults go about the business of life.

ahem wrote:

<quoted text>
It's only "useless" to you because it doesn't suit your agenda.
State corporate income taxes are inconsequential in the scheme of things. If they mattered, all the rich states would be poor and all the poor states would be rich.
When a state takes the "come here - I have low taxes" route, they're making a clear admission that they aren't a very worthwhile place to live and do business. Supply and demand. The greater the demand, the higher the price - that's why places people want to live can charge more.
Someone who has a knee-jerk, anti-government, immature outlook doesn't grasp why the facts say what they say. They just keep harping on their theories to no avail, while the adults go about the business of life.