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 - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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