My company went off shore while it was still very profitable. The bigger problem that isn’t always profitably, but the US tax laws. US companies pay taxes us on foreign made profits and if we want to bring the profit money back to the US to invest in our economy we pay a second US tax. In other words, US companies are taxed twice. A foreign made product sold in a foreign company only pays local taxes on the profit of the sale meaning they can undercut US companies on pricing. My company has 70 billion dollars in foreign profits sitting in foreign banks. To bring it to the US the feds would take about 35% so we invest it in foreign plants and products. Our lawmakers need to get the message. The US, I have been told, is the only country that double taxes corporations on foreign profits.
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Today's Featured Article - Tractor Hydraulics - The Basics - by Curtis Von Fange. Hydraulics was one of the greatest inventions for helping man compound the work he can do. It’s amazing how a little floor jack can lift tons and tons of weight with just the flick of a handle. What’s even more amazing is that all the principals of hydraulic theory can be wrapped up in such a small package. This same package applies to any hydraulic system from the largest bulldozer to the oldest and smallest tractor. This short series will take a look at the basic layout of a simple hydraul
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