Quote:
Originally Posted by Azure
Is the US socialist? I don't think so. I do think there is such a big incentive tax wise for a business to operate there versus Canada, but they are far from socialist. In fact, I don't understand why Gozer brought that up. I don't recall anyone making that claim in this thread.
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FYI, the US has one of the highest corporate tax rates in the world. It is so high many corporations are relocating to Switzerland. Canada has one of the lower corporate tax rates in the western world.
Look for the 60 minutes piece done this year on this very subject. You will be shocked to find this out. I know this because I am a small business owner and I could never operate in the US.
It is personal tax that is much lower in the US. The have a consumer import based economy that requires this. In Canada we export therefore we need to help out business more than the average Joe.
You are correct on the Socailist comment though. That is a complete fabrication made by right wing interest groups so people keep paying for health care.