That's because the US Government has deals with other Countries that removes Double Taxation. Like the US and Ireland has one. US and UK has one. So Companies decide to pay taxes at the cheapest place. In Ireland's case.. they pay there.

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Pioneers are walking all around singing songs about Lenin and they should be shot for it.

Handlebars

"If you are looking for the guilty, you need only look into a mirror"- V

It is inaccurate to say that I hate everything. I am strongly in favor of common sense, common honesty, and common decency. This makes me forever ineligible for public office.
H. L. Mencken

come on you know you wanna play football..

Beagán agus a rá go maith.

Economic Left/Right: 3.75
Social Libertarian/Authoritarian: -2.87

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Defeating market theocrats since 2001.

It'd be nice if you do a little research on Ireland's Income Tax code.


For single filer:
You get a deductible of €3,000 then your first €35,000 (38,000) is taxed at 20%, the rest of the balance is taxed 41%. In dollar terms that means you can deducted $4,500 and then be only taxed 20% up to $53,000 .

For joint filing: You can deducted up €5,000 and your first €70,000 (75,000) is taxed at 20%.

It allows for 1 person to work while the other stay at home and still bring in $115,000.

The Irish income tax is actually fair. As it gives EVERYONE, rich and poor, €35,000 (38,000) to €70,000 (75,000) the same taxable income at 20%, the same write offs, and it taxes everyone making more then the 20% bracket equally, instead of this horrible tax code in the US, which if you even make $115,000 jointly you are paying 25% taxes on it.

So who has the lower income tax again Gene? Ireland is rated 90 on the Tax Misery index. That's lower the people living in Chicago, Ill.. it's also the lowest rating in the EU, go figure. Also they've have been lowering the income tax rate, and plan to lower it again next year.

Their property tax is also amazing. You can own a €1 million home and only pay 7% anything above that is 9%.

Estate Taxes are amazing as well.. non taxable up to €435,000 for sons, daughters, parent (if its the child's estate)..









They are recognized as "legal" persons. But to be able to be a "legal" person the corporation has to have a board. It's really a legal entity.. just as any form of Government is.

__________________
Pioneers are walking all around singing songs about Lenin and they should be shot for it.

Handlebars

"If you are looking for the guilty, you need only look into a mirror"- V

It is inaccurate to say that I hate everything. I am strongly in favor of common sense, common honesty, and common decency. This makes me forever ineligible for public office.
H. L. Mencken

come on you know you wanna play football..

Beagán agus a rá go maith.

Economic Left/Right: 3.75
Social Libertarian/Authoritarian: -2.87

Corporations pay income tax. They bring in 1million in revenue, they pay taxes on that amount. They raise their prices so they bring in 2 million in revenue, they then pay taxes on 2 million in revenue.

Just as if you made 50k you pay taxes on that 50k. And if you get a raise to 100k you pay taxes on that 100k.

Income taxes (even corporate income taxes) are based on revenue. You bring in more revenue, you pay more tax.

You are incorrect. Corporate income taxes are based off of 'profit'....NOT revenue. There is a HUUUUUUUUUUUUUUUUUUGE difference.

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The law perverted! And the police powers of the state perverted along with it! The law, I say, not only turned from its proper purpose but made to follow an entirely contrary purpose! The law become the weapon of every kind of greed! Instead of checking crime, the law itself guilty of the evils it is supposed to punish! - Frederick Bastiat