Corporate greed is why jobs are shipped overseas

Personal IncomeEllicott City

Op-ed contributor E Dee Monnen wants us to believe that higher corporate and income taxes forced companies to move jobs overseas ("How taxing the rich hurts all of us," Dec. 12).

A little checking found corporate income taxes in the 1960s were 50 percent compared to today's 35 percent, and income taxes on the rich were 70 percent compared to 35 percent today.

In the 1950s, the income tax for the rich was 90 percent. Also, pay for company chief executives in the 1960s was 40 times that of the average worker; today it's well over 200 times.

Corporate greed and CEO bonuses are the reason our less-than loyal corporations are sending jobs overseas.

Ed Y., Ellicott City

  • Text NEWS to 70701 to get Baltimore Sun local news text alerts
  • Copyright © 2014, Los Angeles Times
    Comments
    Loading