US is the most competitive nation in the world for the first time in a decade.

treemanjohn

I just can't find anything at all wrong with that. 

mplspug

Sweet, I can't wait for the Olympics. 

Tarponator

Most competitive economy, you mean.  Here's the list:

1. US
2. Singapore
3. Germany
4. Switzerland
5. Japan
6. Netherlands
7. Hong Kong
8. UK
9. Sweeden
10. Denmark

Anyone want to guess what the other 9 of the top 10 have that we don't?

Finfinder

Tarponator said:

Most competitive economy, you mean.  Here's the list:

1. US
2. Singapore
3. Germany
4. Switzerland
5. Japan
6. Netherlands
7. Hong Kong
8. UK
9. Sweeden
10. Denmark

Anyone want to guess what the other 9 of the top 10 have that we don't?

I see Jim Acosta got his press pass back.  

tag

Tarponator said:

Most competitive economy, you mean.  Here's the list:

1. US
2. Singapore
3. Germany
4. Switzerland
5. Japan
6. Netherlands
7. Hong Kong
8. UK
9. Sweeden
10. Denmark

Anyone want to guess what the other 9 of the top 10 have that we don't?

I wonder what the other 9 have that is holding them back.....

mplspug

Tarponator said:

Most competitive economy, you mean.  Here's the list:

1. US
2. Singapore
3. Germany
4. Switzerland
5. Japan
6. Netherlands
7. Hong Kong
8. UK
9. Sweeden
10. Denmark

Anyone want to guess what the other 9 of the top 10 have that we don't?

Doesn't matter.  If you aren't first, you're last. 

MelbourneMark

Tarponator said:

Most competitive economy, you mean.  Here's the list:

1. US
2. Singapore
3. Germany
4. Switzerland
5. Japan
6. Netherlands
7. Hong Kong
8. UK
9. Sweeden
10. Denmark

Anyone want to guess what the other 9 of the top 10 have that we don't?

Massive taxes? Homogeneous population? Strong border control? Strong immigration laws?  Low “defense” spending?  

treemanjohn

Tarponator said:

Most competitive economy, you mean.  Here's the list:

1. US
2. Singapore
3. Germany
4. Switzerland
5. Japan
6. Netherlands
7. Hong Kong
8. UK
9. Sweeden
10. Denmark

Anyone want to guess what the other 9 of the top 10 have that we don't?

Don't care

Tarponator

tag said:

Tarponator said:

Most competitive economy, you mean.  Here's the list:

1. US
2. Singapore
3. Germany
4. Switzerland
5. Japan
6. Netherlands
7. Hong Kong
8. UK
9. Sweeden
10. Denmark

Anyone want to guess what the other 9 of the top 10 have that we don't?

I wonder what the other 9 have that is holding them back.....

Funny, it wasn't holding them back when they topped us for the past decade.  

What do you think the guys at Davos who authored this subjective report say about it?

https://www.weforum.org/reports/the-global-competitiveness-report-2017-2018

treemanjohn

Tarponator said:

tag said:

Tarponator said:

Most competitive economy, you mean.  Here's the list:

1. US
2. Singapore
3. Germany
4. Switzerland
5. Japan
6. Netherlands
7. Hong Kong
8. UK
9. Sweeden
10. Denmark

Anyone want to guess what the other 9 of the top 10 have that we don't?

I wonder what the other 9 have that is holding them back.....

You mean holding the ones back who topped us for the past decade?

What do you think the guys at Davos who authored this subjective report say about it?

Everyone knows what held is back for the past decade

Just be happy this country is doing well. Don't whine. IfIt unbecoming and you're starting to sound like mensie

Bimini Twisted

Where would we be without California?

treemanjohn

Bimini Twisted said:

Where would we be without California?

Number one plus plus plus. It's that possible?

Tarponator

treemanjohn said:

Tarponator said:

tag said:

Tarponator said:

Most competitive economy, you mean.  Here's the list:

1. US
2. Singapore
3. Germany
4. Switzerland
5. Japan
6. Netherlands
7. Hong Kong
8. UK
9. Sweeden
10. Denmark

Anyone want to guess what the other 9 of the top 10 have that we don't?

I wonder what the other 9 have that is holding them back.....

You mean holding the ones back who topped us for the past decade?

What do you think the guys at Davos who authored this subjective report say about it?

Everyone knows what held is back for the past decade

Just be happy this country is doing well. Don't whine. IfIt unbecoming and you're starting to sound like mensie

What held us back?  The inability of a large part of our population to form a complete sentence?

This country is hardly doing well.  Otherwise your 40% of the population wouldn't feel the need to become great again.

mplspug

A 56 state republic

surfman

We should open our borders up and improve our economy.

nuevowavo

We've been in the top three (with Switzerland, Germany and/or Singapore ) for years.

Interesting comment from the report:

" At a time of escalating trade tensions and backlash against globalization, the report reveals the importance of openness for competitiveness: more open economies are more innovative and their markets more competitive. However, while openness has been a ‘win-win’ between countries it is at times a ‘win-lose’ within countries. Attempting to address inequality by reversing globalization is counterproductive for sustained economic growth. Policies should, therefore, focus on improving the conditions of those specifically impacted by globalization rather than favouring protectionism."

Big Battery

No one is trying to reverse globalization, just trying to make sure that trade is fair.

Tarponator

“Globalization has made the financial elite who donate to politicians very, very, wealthy … But it has left millions of our workers with nothing but poverty and heartache.”

sjm1582002

Tarponator said:

Most competitive economy, you mean.  Here's the list:

1. US
2. Singapore
3. Germany
4. Switzerland
5. Japan
6. Netherlands
7. Hong Kong
8. UK
9. Sweeden
10. Denmark

Anyone want to guess what the other 9 of the top 10 have that we don't?

Before Trump they all had lower Fed CIT rates.

Thanks to Trump ours is now at a more "globally competitive"  21%.

As recent history shows, subjecting domestic companies to foreign competition while shackling them with the highest CIT rates in the world does not lead to robust economic growth.

MelbourneMark

Tarponator said:

“Globalization has made the financial elite who donate to politicians very, very, wealthy … But it has left millions of our workers with nothing but poverty and heartache.”

People worldwide living in poverty and extreme poverty has been dropping steadily for decades.. Look it up. 

cadman

sjm1582002 said:

Tarponator said:

Most competitive economy, you mean.  Here's the list:

1. US
2. Singapore
3. Germany
4. Switzerland
5. Japan
6. Netherlands
7. Hong Kong
8. UK
9. Sweeden
10. Denmark

Anyone want to guess what the other 9 of the top 10 have that we don't?

Before Trump they all had lower Fed CIT rates.

Thanks to Trump ours is now at a more "globally competitive"  21%.

As recent history shows, subjecting domestic companies to foreign competition while shackling them with the highest CIT rates in the world does not lead to robust economic growth.

that is a false graph. Very Very few corporations pay the top rate. The US rate is still higher than many European countries. The average U.S. rate is about 19% after deductions. Only England, Japan. and Argentina are higher. 

It is the same as people thinking they pay the the rate of the highest bracket they are in.

kellercl

CAD is correct, corporations aren't paying what people think they are.  I have a family member who spent 35 years as a corporate IRS agent, which is where I'm getting my information.

sjm1582002

cadman said:

sjm1582002 said:

Tarponator said:

Most competitive economy, you mean.  Here's the list:

1. US
2. Singapore
3. Germany
4. Switzerland
5. Japan
6. Netherlands
7. Hong Kong
8. UK
9. Sweeden
10. Denmark

Anyone want to guess what the other 9 of the top 10 have that we don't?

Before Trump they all had lower Fed CIT rates.

Thanks to Trump ours is now at a more "globally competitive"  21%.

As recent history shows, subjecting domestic companies to foreign competition while shackling them with the highest CIT rates in the world does not lead to robust economic growth.

that is a false graph. Very Very few corporations pay the top rate. The US rate is still higher than many European countries. The average U.S. rate is about 19% after deductions. Only England, Japan. and Argentina are higher. 

It is the same as people thinking they pay the the rate of the highest bracket they are in.

What, exactly, is false about that graph?




.

kellercl

sjm1582002 said:

cadman said:

sjm1582002 said:

Tarponator said:

Most competitive economy, you mean.  Here's the list:

1. US
2. Singapore
3. Germany
4. Switzerland
5. Japan
6. Netherlands
7. Hong Kong
8. UK
9. Sweeden
10. Denmark

Anyone want to guess what the other 9 of the top 10 have that we don't?

Before Trump they all had lower Fed CIT rates.

Thanks to Trump ours is now at a more "globally competitive"  21%.

As recent history shows, subjecting domestic companies to foreign competition while shackling them with the highest CIT rates in the world does not lead to robust economic growth.

that is a false graph. Very Very few corporations pay the top rate. The US rate is still higher than many European countries. The average U.S. rate is about 19% after deductions. Only England, Japan. and Argentina are higher. 

It is the same as people thinking they pay the the rate of the highest bracket they are in.

What, exactly, is false about that graph?




.

Tax bracket and effective tax rate aren't the same.  It doesn't take into account credits, deductions and loopholes.  My bracket is 28% but my effective rate is 16%.

Fish Haid

What do you mean by "competitive"?  With all our stupid government red tape and bureaucratic BS, how can that possibly be true?  Places without minimum wages and payroll taxes are certainly the most competitive.

kellercl

Fish Haid said:

What do you mean by "competitive"?  With all our stupid government red tape and bureaucratic BS, how can that possibly be true?  Places without minimum wages and payroll taxes are certainly the most competitive.

Innovative products.  Innovation drives markets.

sjm1582002

kellercl said:

sjm1582002 said:

cadman said:

sjm1582002 said:

Tarponator said:

Most competitive economy, you mean.  Here's the list:

1. US
2. Singapore
3. Germany
4. Switzerland
5. Japan
6. Netherlands
7. Hong Kong
8. UK
9. Sweeden
10. Denmark

Anyone want to guess what the other 9 of the top 10 have that we don't?

Before Trump they all had lower Fed CIT rates.

Thanks to Trump ours is now at a more "globally competitive"  21%.

As recent history shows, subjecting domestic companies to foreign competition while shackling them with the highest CIT rates in the world does not lead to robust economic growth.

that is a false graph. Very Very few corporations pay the top rate. The US rate is still higher than many European countries. The average U.S. rate is about 19% after deductions. Only England, Japan. and Argentina are higher. 

It is the same as people thinking they pay the the rate of the highest bracket they are in.

What, exactly, is false about that graph?




.

Tax bracket and effective tax rate aren't the same.  It doesn't take into account credits, deductions and loopholes.  My bracket is 28% but my effective rate is 16%.

Do you think the USA is the only country in the world where the items you mention exist?

Again I'll ask what, exactly, was false about the graph I posted?

kellercl

It was already explained, twice.  The rate listed for the US is far higher than reality.  It isn't reflective of what is actually being paid.  

sjm1582002

kellercl said:

It was already explained, twice.  The rate listed for the US is far higher than reality.  It isn't reflective of what is actually being paid.  

The graph clearly states "top statutory corporate income tax rate". 

An inability to comprehend what that is does not make the graph "false" nor does it make it a comparison of something else altogether.

If you two wish change the subject to effective tax rates, then post some facts about what effective tax rates  US corp's have/are paid/paying compared to corp's based in foreign nations.

Your turns.

kellercl

We comprehend just fine.  The point is the data is misleading and doesn't represent real life.  Google effective tax rate and read the dozens of articles.  Tax bracket is a poor example of tax rate, period.

https://taxfoundation.org/cbo-report-compares-us-corporate-tax-g20/

Tarponator

SJM, 

There is nothing false about your table, but that's not the entire story. 

What you fail to realize is the tax loopholes that corporations exploit to pay below 20% taxes already, and in some cases (see below), no taxes at all.    Cad and Keller are correct, and the type and size of USA loopholes are far different (and larger) than those in virtually all other first-world countries (except Ireland, for instance, where many companies have centered their operations as to make use of their lower effective tax rates).  So, you can choose to pay attention to the meaningless tax tables or the actual tax corporations pay (or don't pay) like this one:  https://itep.org/amazon-inc-paid-zero-in-federal-taxes-in-2017-gets-789-million-windfall-from-new-tax-law/

Same company, explained a bit differently: https://www.businessinsider.com/amazon-not-paying-taxes-trump-bezos-2018-4

In short, you're confusing marginal tax rates with effective tax rates and not taking in effect tax loopholes.   Corporations (and their tax departments/consultants that do this for a living, quite literally) aren't that naive.

You would be better to face the reality that the rest of us are being fleeced in comparison, consider this a learning experience, say thanks and move on -- because those are the facts...>Mike