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Joe Henchman on the Exit Tax Proposal Posted by: TaxFoundation
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By: LucidDreamz613. on 30 Apr 12, 16:52:56
Well how about we talk SP 500. For 2010 (most recent year available on their reports), the SP 500? paid more in taxes for foreign countries than to the U.S. despite having greater sales in the U.S. The report is available on Standard and Poors website. 46.3% income was foreign. 53.4% of taxes were foreign.
By: hardchemist. on 05 Apr 12, 03:23:42
Incredibly informative! Makes me re-think? my next business endeavor....
By: 0HippyHunter0. on 02 Apr 12, 00:35:24
We have a Thinkprogress reader here! What was the catch to that story that you left out? Something kinda critical...... think about it. Read it again. Thats right: it was a result of bi-partisan tax relief to help "stimulate the economy." A major part of that is the bonus deduction that was a one-year-only deduction for business investments. Another reason is this metric is a percentage of? profits and corporations are, wisely, holding on to their cash (thus it isn't taxed). School is out.
By: megarational. on 22 Feb 12, 14:18:50
The CBO just reported that the effective US corp tax rate averaged? 12.1%, the lowest in 40 years.
By: stevewar. on 21 Feb 12, 07:48:12
all these responses talk about make 30 corporations. There are hundreds of? thousands of corporations in the US. Get over it liberals, corporations pay the highest effective tax rates next to Japan period.
By: tm2wndrlnd. on 09 Feb 12, 23:32:50
And? Japan is so inefficient in its corporations? It's funny how this video forgot to mention lobbyists too! Ahaha, lies of omission are of the same immorality of that of its popular cousin.
By: julianwarren2. on 09 Feb 12, 14:37:05
The $160 Billion is their income based on their financial statements. Deductions for tax purposes are much different than deductions for financial statements. Special depreciation? rules will allow corporations to take a deduction for 100% of the cost of all fixed assets in tax year 2011. While for financial statement purposes they may have to be deducted over a 15 year life of the asset. This was done to provide an incentive for companies to grow and buy goods.
By: bitsorbytes. on 09 Feb 12, 10:37:26
What a load of crap.... All the USA use the loop holes and get away with it, why else did we have 30 Major Corporations Paid No Income Taxes? In The Last Three Years, While Making $160 Billion!!?? Hmmmm GE seems to be getting away with a average of 9.4% tax rate average over the last 10 years.... Keep spinning and blaming the failing USA companies on the 'tax rate'
By: nellie2581. on 09 Feb 12, 03:28:39
True?