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To: SeekAndFind

The root of the problem is that there is a double tax on the same income — once on the corporate level, and again at the personal level when dividends are distributed. To the man on the street, this is easier to explain than why we need to reduce the corporate tax level. So maybe we should propose these alternatives: (1) allow corporations to deduct dividends from taxable profits after they are distributed; or (2)allow individuals to exempt dividends after they are distributed.


2 posted on 09/04/2014 7:14:11 AM PDT by Socon-Econ
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To: Socon-Econ

There’s a third, hidden, tax in that consumers are forced to pay higher prices because businesses factor in taxes into their pricing strategies.

While it would be hard to sell a zero tax to the general public because most have the economic IQ of dirt, at least you can point to Chile and show what happens to economic growth and personal income when you cut corporate taxes while also reducing the government’s share of GDP. If politicians had the stones to do away with corporate taxes, economic growth here would explode. There would be so many Pacific Rim countries setting up plants here, it would be like the old Oklahoma stampede.


12 posted on 09/04/2014 7:22:01 AM PDT by econjack (I'm not bossy...I just know what you should be doing.)
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