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In reply to the discussion: Sen. Mitt Romney suggests he'd back cutting retirement benefits for younger Americans [View all]cstanleytech
(27,276 posts)However corporations can lower their taxes if they meet certain criteria.
#1 Corporate headquarters located inside the US = 5% lower taxes.
#2 Linking their taxes to the number of employees they have worldwide to the number of employees they have inside the US. The larger the workforce and the larger the % that are here inside the US they get get a lower tax rate with the lowest being 40%.
#3 If they reach the 40% that then kicks in potential access to the last tax break which is linked to the number of employees they have here inside the US as well as the number of them that earn more than 300% over the federal poverty level which is to be set by the General Accounting Office every year with zero ability under law for the House or President to interfere with.
If say a corporation with 6000 people worldwide has 80% of them here inside the US the corporation can get a progressively lower tax rate with the lowest being 0% but they would have to pay all of those 80% more than 300% over the federal poverty level.