It would appear that the formula assumes that the incremental tax so disclosed would be at the full U.S. tax rate of 35 percent. Is it not correct that the amount of U.S. tax disclosed would instead be a lesser amount that takes into account the amount of foreign taxes already imposed with respect to such earnings?
Questioning the assumptions of a tax formula during a discussion on tax policy.
Share
More from Rick Santorum
Let's try to make it a an opportunity for unity that he wants to accomplish.
Joe Biden is not going to be successful. We're not going to bring this country together, if we continue the rhetoric at the level that we have seen.
It's pretty inexplicable to me. You know, the fact that he went ahead and signed these two bills is -- there really isn't a good reason to have held off.
Other voices in this conversation
