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Reply #7: I am not referring to the Corporations that have moved their offices [View All]

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Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-04 01:41 PM
Response to Reply #6
7. I am not referring to the Corporations that have moved their offices
Edited on Fri Jan-30-04 01:46 PM by Bandit
off-shore to avoid corporate taxes although that is important also. I am referring to the jobs that are being outsourced and when you pay a foreignor you don't take out payroll taxes or any taxes for that matter. That is the tax base I'm referring to and it is becoming severe. All those jobs that used to be American jobs with American taxes taken out of their checks is now lost revenue for America. It is a huge increase in revenue for the CEOs who just got a HUGE tax cut. America is suffering in more ways than one. Remember an Employer pays quite a bit more for each employee than people realize and that money is now being accumulated at the top instead of into our infrastructure and education and health care etc. For every tax dollar taken out of an employee's check, another percentage gets paid by the employer. That revenue is now lost to America.
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