France is going to start taxing it's wealthy and corporations 75% - How many do you think will stay there?

You can bet they will all either leave or stop producing so if they own companies they will close them down and more people will be out of work, the socialists there better watch how much they screw the rich they will not take it.

Just look at NY and how many left that sewer of a state when they raised taxes.

befor reagan , america had a top tax bracket of 70 % for millionaires . we also had laws that taxed you if you were a " foriegn " company that did business here . then the republicans bribed... lobbied congress to change the laws . if you are making so much profits here that you fall into the high tax bracket , you can afford to get taxed at that rate . there WERE millionionairres in america before '88 you know . we gave the rich those huge tax breaks because they said if we did that it would " trickle down " to the working man . well i think waiting 24 years for that to start is long enough . i think they had no intention of letting a DIME trickle down .

i think it is about time we stand up to the zioinist agenda of greed of wall street , corporations , and the bankers , and bring back the pre reagan era fed tax rates on corporations and the rich here TOO . if a company like the former blackwater wants to move away to cheat the taxman FINE , just don't expect any more government business and you can take your american citizenship with you , because we won't let you back .

any corporations that actually bother to pay tax in the first place will simply pass the taxes on to their customers by hiking up the prices, it won't effect them in the slightest.

/not particularly, they only pay tax on profits, not on income, if a corporation does 20 billion worth of business and make 7% profit, they are only paying tax on 1.4 billion. The corporate tax rate was 33.33% anyway, so their tax bill would jump from 466 million 1050 billion, a difference of 584 million.

Their after tax profits will drop from 936 million to 350 million, to return their net profit to 936 million they would need to make a gross profit of 3.74 billion, so they need to either increase their total revenue by 2.34 billion, around 12%, reduce their costs, or some combination of the 2.

Spread over two or three years it's quite possible to reduce operating costs while increasing pricing only marginally above inflation and achieve the same result.

The bottom line is as i said in the first place, the cost will be passed on to the consumer, but they won't really notice because they will be too busy slapping themselves on the back and going "ha ha, you have to pay 75% tax" while thumbing their noses at the corporations.

They will find out the hard way. Germany's top tax bracket for individuals is 65%.

They all will and it will prove how great socialism really is, sucka!