Message:

<p>[QUOTE=&quot;justafarmer, post: 1083762, member: 3926&quot;]Income tax is based on net profit - Depending on industry but rule of thumb net profit is usually around 6 to 14 percent of gross revenue. Manufacturing in most cases is a high volume business with low profit margins 5 to 9 percent for around a 7 1/2% average or so. 30% combined Federal and State income tax equals about 2 1/4% percent tax on total revenue. Being that most countries do employ some type of taxation on foreign manufacturers the suggested tax savings is materially less. This 1% to 1 1/2% tax savings certainly isn&#039;t enough money to pay for shipping our raw materials all the way across the Pacific to Asia and then shipped back across the Pacific to our country as a finished good. The Corporate Tax argument is more of a strawman IMO.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in