jpmang

U.S. Oil Companies Paid, Collected More in Taxes Than They Made in Profits in 2006

While this may not be surprising to some I would suggest that the same criteria be applied to large corporations in the U.S. that have outsourced most or all of their manufacturing.The problem being faced by most of the states(and feds)is that all those jobs at $17-20/hr. when replaced are only paying about $12/hr.Do the math and you will see the tax base that has been lost.Not only the taxes---but the decrease in disposable income hurts consumer spending.It is fitting though that the politicians who allowed this to happen are now crying poverty!!!