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
If you're a young person, that's not a particularly enticing thing to hear and -- because that's going to have a huge impact on you, and your ability to provide for yourself and your family.
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.
I always say the campaigns are about to the future, not about the past. I mean, obviously the president is going to tout his record on the economy, but I think he needs to -- they need to focus more on what they're going to do in the…
I support the President on having people who are loyal to him in positions that are important positions in his Cabinet.
Other voices in this conversation
