It is though, because in those "competitive" countries there is significantly better training, whether or not it's through a university path or a vocational path, which is invested in by private companies. There are a few big multinational companies in and around Chattanooga where I live. Most of of them are in industrial fields or food manufacturing. Some of them have been here for years. There are two dedicated and sponsored training courses at the local community college. Both companies are German and both are new to the area. Coke? Nothing. BASF? Nothing. DuPont? Nothing. McKee? Nothing. The Germans do this in Germany too, and they're able to get their kids early. I work for Wacker and they have teenagers working in factories. Because they are trained, and trained well.
But do they pay proportionally as much as a small business would have to? Are they paying the full amount that they're supposed to?
huh? those competitive countries (china, india, etc) pay their employees a shit load less than we do to do the same job. that's why they are more competitive. german median income $47,821 us median income $51,939
what does that mean? open books? honest about the breaks? maybe the problem should be with the congressmen sold out to the special interest lobbyists who keep getting the breaks. for the record, I'm for eliminating breaks, in general, save those that redevelop blight or encourage BD investment.
Just for reference, I've put in a cost of goods comparison between Chattanooga and Dresden in Germany. Dresden is 5 times more populated than Chattanooga. Keep that in mind http://www.numbeo.com/cost-of-livin...2=Germany&city1=Chattanooga,+TN&city2=Dresden The important bit is here, but go read the link for more in depth comparisons.
I think we can both agree here. Although I wouldn't put something like new pro sport stadium in that second category.
the cost of living in Germany as a whole is not materially different than the cost of living in the united states and that's EXCLUDING taxes which is a pretty major factor. on the other hand the cost of living in many of socialists utopias like Norway, Switzerland, Denmark, etc is SIGNFICANTLY higher than the united states.
But maybe they'll buy things here and there and pass them off as business expenses. A new truck here, a generator there, a trailer there. Stuff that won't get used or isn't needed just to keep from paying such and such tax. That example might be a bit anecdotal, but I can't believe that's the only one out there. It didn't even cross my mind until I heard about it.
gif I wanted to post is too big here is the link http://www.businessinsider.com/the-cost-of-living-worldwide-2015-1 notice that all the countries you seem to like are higher than the US when it comes to cost of living
that wouldn't make much economic sense to spend $1 to save 20c edit: think about it this way. the average cfo is making a nice living already. are they going to risk going to jail or getting fired to benefit a bunch of shareholders primarily? doubtful. on the other hand the average small business owner has a HUGE financial incentive to write their wife's car off or whatever as a legit business expense.
Yes they pay a lot of taxes, but considering their educational system and their infrastructure, I think it's money well spent.
For all the whining about how discussions go, we have about five of these type posts preemptively inserted into every thread these days. Not exactly discussion generators.
how is it money well spent if the average german is making less money pre tax, and significantly less money after tax than americans? and btw we have by far the best higher education system in the world.
This is why I can't have a conversation with you. The question was why do people vote for a socialist. My response to that dealt with PERCEPTION I know to be true in the minds of many. I claimed nothing as fact. I expressly stated that more than once. You act as if I was preaching gospel truth.
how is an extra $1 in expenses going to result in $1.50 in tax savings? simplistically (revenue - expenses) X the tax rate = taxes paid right? you might need to take some accounting courses, not trying to be a ****, but i'm still going to say it,.