which states are the highest because of the state tax and then when you talk about international petrol prices you look at france and it's you know what it's actually dollars a gallon really a leader or whatever and it is just because the taxes when you go to mass up to the gallon is you know let's go to which are your car via my caviar which are at the lowest individual tax rates playing the planet where you will where you want to if you want to just go and also that means that never go shopping but if you want to live in somewhere with a lowest income tax rates that would be cayman islands but homages morrish i'm done with that so far you know monaco monaco switzerland ok and what were the highest tax places for individual say we're from sweden sweden is the highest in all of europe i think it is like nearly sixty percent but all of the scandinavian nordic pretty high are very high they're all around the fifty percent mark yes and what about if your company is the same you would go to the caymans or. horses yes but

mutable you do there's no corporate tax rate there's no corporate tax rate also you're right in the cayman islands you know it's really high it's chad the united states is sort of the third highest in tear chad is really high in corporate tax rate income tax rate i guess they don't want people in they don't want companies but the united states is about third highest in corporate taxes i would say that on the on the high corporate tax rates you've got china and united states and countries like united are our of arab emirates and we there's been lots in the news the last several years about ireland being a low tax nine percent much to the chagrin of a lot of companies are you in general in an apple x. yeah they went there for the low tax rates is that changing a little bit now what it is because it is getting getting the idea that they've got you know the tax base and they lowing them in the u.k. obviously to compete also with ireland and they just made their decision they were not going to actually it was apple or amazon not going to actually build. a big

plant near south of gaul way western ireland and part of the tax treatment was part of that decision that they made hillary sword with no nos i was the story but in europe also don't forget they've actually penalize countries that do business there like starbucks and don't pay the tax rate in those countries so that oftentimes is going to be a fine and attacks in like in the e.u. so you can't just avoid it they're on to it now thank you for giving us a global perspective hilary which brings you to add to that i thought yes. here to discuss taxes and the impact on not just companies but individuals and families is susan the harley the deputy director of congress watch a public citizen and steve most bird conservative t.v. and radio host thank you both for joining us susan let me go to you first we've had several months of the new tax bill being in effect and we saw a lot of companies that were going to give employees some raises and put some money

into some pretty good things for individuals but recent reports of come out and said that what some of the what a sixty percent of the companies rather are doing is stock buybacks and dividends now is that a bad thing a good thing what your take. public citizen feels that the benefit for the tax cuts should be going to families and hardworking americans and as you just mentioned there been a record amount of stock buybacks meaning that companies are purchasing back their own shares and thus lining the pockets of their investors this is not the trickle down theory that we were taught to believe what happened as far as the tax changes would benefit as well what i'm good being is that these tech buybacks are happening and instead of investment happening as far as companies building more factories here in. the united states they're again purchasing back

their shares were mining the pockets of investors and in addition they're increasing investment overseas so we're going to increase this trend moving forward unfortunately. yeah we did see that with the with harley davidson which is one of the companies that both speaker ryan and the president touted as really benefiting in the closing a plant in kansas city and moving some of those jobs to york pennsylvania but also shifting some operations to highland but steve i also imagine that some might say to take it the other prison the other side is that well these investors are americans they're investing and if they get a dividend maybe they'll go buy something that'll help other other folks so what say you well investors are shareholders i mean who has shares of all these companies who has for one k.'s i mean the stock market is roaring people's retirement accounts and other not retirement accounts are soaring because of what

these companies are doing but let's not forget company after company and you can go back and google all the companies that lined up after the tax cuts and gave bonuses to their employees who came here and said they're going to invest in new plants and new hirings and i got to tell you if things are so dire and these companies aren't hiring and then taking jobs overseas then why are we at record low unemployment what is sixty eight percent of the people polled by c.b.s. last week give donald trump credit for the for the good economy and why do sixty seven percent. of seventeen year high people think now is a great time to find a quality job that's a twenty five percent increase in that number since trump was elected not to mention small business is that a ten year high when it comes to optimism so something's going right. but steve is there any evidence because the anecdotal stuff i agree. he was great i

was really psyched about what companies said they were doing but the bloomberg report in a morgan stanley report that's not really hard evidence that the money is actually getting to average folks you know do you have it is there are some out there. well again i mean there it is getting to average folks even through the stock buybacks and the increase in share prices in the increase in the success of the and the value of the stock that's going to average folks right off the bat as far as going to employ oh now i'm not i'm not sure that i mean i i want to help everybody but i'm not sure that you know investors and starker are actually all average but susan what do you what do you think i mean are there places where we can see some of the benefits of tax reform actually making it down to average families if you're talking about what average employees are seeing polls are coming back time and time again that folks are just not seeing these benefits in their paychecks and so if this was actually happening people would be saying and they would be happy they

would be supporting that tax law but that's not where we are the majority of americans dislike this tax law partly i think the has to do with the fact that this is self dealing everyone knows that congress a lot of them actually make their income from l.c.s. are passed through these types of companies that received a huge benefit as far as the tax cut donald trump himself has hundreds of these. people are seeing that this was obviously not focused on what their needs were it was on the needs of the rich and well c.e.o.'s if i might you know i go ahead larry that we haven't talked about the individual side of this we're talking to trading on business let's talk about the individual most people in this country do not itemize they take the standard deduction they're going to get a doubling of that standard deduction so right off the bat that benefits the average american family who the estimate is will swell about two thousand. more

dollars in their pocket not paycheck to paycheck necessarily right off the bat but when they file their tax returns so as far as the polls that say people are dissatisfied that is absolutely true but i'd like to ask the question are you for raising that tax rates back to what they were do you want to tax increase if the democrats take over the congress and see what the answer to that poll question would be a big fat no we're going to we're going to have to we're going to have to unfortunately leave it there but a great discussion and we may have a chance to see what will happen next year on this i thank you both so much susan harley and steve mauls we appreciate your time thank you thank you where. there's a new piece of texas law that could impact your personal life and marriage artie's alex my hyla bitch brings us the latest from toronto. well as most of you know

premiums have provisions in there which say how much somebody is going to have to pay alimony or spousal support when unmarried is done now this can be tossed right out the window let's say if a prenup was actually signed under duress or sometimes even if it was signed too close to the wedding date it just might be null and void well now there's another factor that's coming into play here and that is the fact that this can be challenging under the new tax laws that trump is bringing in now starting in two thousand and nineteen payers of pre in the prenuptial agreements will no longer be able to deduct alimony payments so up to now they've been able to deduct these things and when you're fear in the highest tax bracket that could be a lot of money for example if you live in california or new york city you're almost paying fifty percent in taxes so that's again look if you're writing ten thousand dollars checks for alimony that could be looked at twenty thousand dollars because you cannot deduct these checks anymore or the amount that you're paying anymore which is a lot of money obviously now republican lawmaker said they eliminated the alimony

deduction to end what they call a divorce subsidy under the old law but there is a bright side to this tax dollars that is going to be a lot generated here we're talking about six point four six point nine billion over the next decade and also if you had a divorce or separation that was finalized but before two thousand and eighteen while you're ok then you're going to be exempt from this completely starting next year though this kicks in and get this this is really an interesting provision here recipients who are getting the money are going to get a tax free up to now it's been a part of their taxable income so a little bit of that switch there now attorneys are saying that this might complicate things that even complicate may marriages in general just imagine having to say hey honey let's go redo that pre-nup we did a few years back there that's not a good thing for anybody and you know what even president trump knows that back in two thousand and six and he's talked to new york magazine and he. all the pre-nup are paid full ugly tool and if anybody knows anything about divorce and prenup well

that would be president donald trump. that's it for this time thanks for catching our taxing show you can catch boom bust on youtube youtube dot com slash boom bust archie or on directv channel three twenty one will catch you next time. seventy four design submissions. seven thousand links. to the judges. that eight hundred sixty nonstop days of. the russian w.b. a champion. and a russian. show you how. long the crimea bridge was.

witnessed the construction living you need to transport to reach the well done to crimea we. were told there was a wall of google more familiar quite a bit but. with this manufactured incentive to stick to the public will. when the ruling classes protect themselves. with the fine. be the one percent. nor middle the roots to. the real news is really.

funny the night before you go by the really only show no it's not me let's go oh. oh oh. you know tell me really coming from. corn i got stuck on the field are not going to work and i don't know it's going to. be friday. another day another diplomatic one eighty from donald trump the u.s. president now says it would be historic summit with north korea's kim jong un might be back on after all despite pulling out shortly after pyongyang raised its nuclear

sites. and now everything is being turned into a massive cloud of dust our t. was there to witness how north korea made good on that pledge to. the united states . the world's red hot topics iran north korea and u.s. sanctions are discussed on stage by vladimir putin emmanuel micron and other world leaders at the st petersburg international economic forum. and israel's supreme court greenlights the continued use of lethal military force against unarmed dollars to me and in the gaza strip. of broadcasting live coverage from our studios in moscow this is our team international john thomas from the ground there with. donald trump is now hinting

that a meeting with kim jong un could still take place sharp u. turn comes less than twenty four hours after the u.s. president called off the summit with the north korean leader scheduled for june in singapore will see what i. want to. because you want. everybody to know that you know that better than anybody. well the world continues to come to terms with donald trump's unpredictability and just a day after he announced of the historic summit in which he would meet with kim jong un in singapore was called off well now he seems to be hinting that it may be .