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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

The Good Old Days

The Good Old Days

Back in 2005, thanks to the American Jobs Creation Act, US companies were able to bring back foreign subsidiary earnings and be taxed at 5.25%, a far cry from the traditional 35% tax that bringing home the money would cost them. Imagine that, instead of taxing great American companies like Microsoft (MSFT) and Amgen (AMGN) twice on international earnings, the leaders in 2004-2005 realized that giving a break on over-seas taxes would not only stimulate investment here in the US, but create jobs as well. Create jobs as well. Companies like MSFT are borrowing money at less than 1% interest instead of facing double taxation. If the government is serious about job creation, which they may not be (unemployed people on extended unemployment benefits can still vote), then easing the tax on international earnings is one of the simplest and effective ways to invest in the US. This isn't rocket science
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.