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The RepubTeaCons praised the Irish economy for its low corporate tax rate and said that if the U.S. would just follow suit, companies would “be able to create jobs, increase business, make more investments. They proclaimed that Ireland’s low tax rates were a shining, successful model of conservatism in action.

Cato Institute said:
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More recently, Ireland established a flat 12.5 percent tax rate on all corporations — one of the lowest rates in the world, and just one-third of the U.S. rate. Low business tax rates have helped Ireland attract huge inflows of foreign investment.



Now, Ireland is bankrupt, so that too must be the result of the low tax rates. It was good for companies like Google the use Irish tax law to skirt US income tax such that they only pay about 3% on their annual earnings.
Isn't McCain Irish???
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http://news.bbc.co.uk/2/hi/eur...profiles/1038581.stm

Boom to bust

Ireland's economy began to grow rapidly in the 1990s, fuelled by foreign investment. This attracted a wave of incomers to a country where, traditionally, mass emigration had been the norm.

The boom that earned Ireland the nickname of "Celtic Tiger" faltered when the country fell into recession in the wake of the global financial crisis of 2008.

The property boom had been fuelled by massive lending from the banks, and when this collapsed - and lenders were unable to repay - the Irish banking system was plunged into crisis.

The Irish economy underwent one of the deepest recessions in the eurozone, with its economy shrinking by 10% in 2009.

In November 2010, Ireland and the EU agreed a financial rescue package for the republic worth 85bn euros, ending weeks of speculation about a bail-out.
Ireland's problem was too much credit, like ours. This wasn't caused by a low corporate tax rate, it was caused by central banking. As far as Ireland being a shining example of a market economy, they weren't. They lowered corporate taxes and overspent. That created a pro-business environment, not a market driven economy. In fact, their government spending per capita exceeded that of the US.
quote:
Originally posted by JuanHunt:
Now, Ireland is bankrupt, so that too must be the result of the low tax rates. It was good for companies like Google the use Irish tax law to skirt US income tax such that they only pay about 3% on their annual earnings.
Isn't McCain Irish???


Trifecta! Three sentences and three logical fallacies. I don't think you could pack 'em in any tighter if you tried, Juan.
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Originally posted by Jennifer:
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The Cato institute is backed by the Tea Party?

I'm finding Juan to be a little less than truthful.


It's taken you this long? It's easy to spot a juanhunt lie. When he posts, it's usually a lie. I still can't believe he tried to convince me that Campaign for America's Future was a TEA party group.
The Irish example only applies to corporate taxes. One can also use Ireland as an example that higher than the current US individual tax rates will bring ruin upon the masses.

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A brief summary of income tax rates in Ireland is given below - the figures shown are effective from Jan 2010
Note: As from Jan 2009 there is also a 1% Income Levy on most incomes - see more about the Irish Income Levy Rules here

Calculation of income tax due is done by applying the percentage rates shown below and then deducting the tax credits from the tax due. For example
A single person employee earning 34000.
Tax due = 20% which is 6800.
Tax credits are 3590 - so tax due is 6800 minus 3590 - Total Due = 3210 per year.
This could be further reduced by other tax credits for refuse charges or trade union subscriptions.

Pay Less Tax provide an online service that assists you in completing tax returns - they might even discover you have been paying too much tax and are due a tax refund.

Personal Tax Credits in 2010

Single Taxpayers
Personal tax credits of €1,830
PAYE tax credit of €1830
Income Tax after subtracting deductions from total pay: 20% on the first €36,400 ; 41% on the balance

Married Taxpayers (two incomes)
Personal tax credits of €3,660
PAYE tax credit of €1830
Income Tax after subtracting deductions from total pay: 20% on the first €72,800 ; 41% on the balance

Married Taxpayers (single income)
Personal tax credits of €3,040
PAYE tax credit of €1830
Income Tax after subtracting these deductions from total pay: 20% on the first €45,400 and 41% on the balance
Further tax credits are available for Dependent relatives €80 , Homemakers €900 , Bin Charges max €80 , Union Subscriptions max €70 and fixed work expenses.
http://www.irishlinks.co.uk/income-tax-ireland.htm
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Sez juan:
I made no assertions about the Cato Institute and any TEA party org, that is something "you people" invented. I do use the RepubTeaCon assertion that everything is a result of taxation, ie both economic growth and economic collapse must be the result of taxation


Methinks you YOU invent abit much.
Maybe if YOU PUT IT CAPITAL AND SHOUT SOME LIKE ROCKY!!!!!! THEN ADD SOME FACES Eeker you might last more than one rebutal...
On second thought...NAH...
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Originally posted by ferrellj:
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Originally posted by ferrellj:
Did you make the assertion that "Campaign for America's Future" was a TEA party group?


Hello? Are you there juan?


I would explain it to you, but you would not understand how groups with divergent agendas could both be in favor of ridiculing the Repubs. Something akin to "the enemy of my enemy is my friend".
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Originally posted by JuanHunt:
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Originally posted by ferrellj:
quote:
Originally posted by ferrellj:
Did you make the assertion that "Campaign for America's Future" was a TEA party group?


Hello? Are you there juan?


I would explain it to you, but you would not understand how groups with divergent agendas could both be in favor of ridiculing the Repubs. Something akin to "the enemy of my enemy is my friend".


Do what? You are avoiding my question. Did you not state that "Campaign for America's Future" was a TEA party group? I think I can understand a yes or a no.

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