Seems to make a case for eliminating corporate income tax and estate taxes. Combined, they are only 7.7% of the government revenue stream. Imagine how much more globally competitive our businesses would be if they paid no income taxes. And afterall, the taxes they pay are included in the price we pay for their products, so we ought to expect lower prices as part of the bargain. I know, it makes too much sense, and government officials would never understand it. The estate taxes amount to double taxiation and ought to be outlawed for that reason alone.
Reader Comments (3)
That's good information. Not sure what to do with it, but I'm glad I know it.
These are great. Very educational.
Seems to make a case for eliminating corporate income tax and estate taxes. Combined, they are only 7.7% of the government revenue stream. Imagine how much more globally competitive our businesses would be if they paid no income taxes. And afterall, the taxes they pay are included in the price we pay for their products, so we ought to expect lower prices as part of the bargain.
I know, it makes too much sense, and government officials would never understand it.
The estate taxes amount to double taxiation and ought to be outlawed for that reason alone.