[FreeKeys]

Why would I vote for someone who would raise my taxes?

I can't see where you would assume any such thing. For one thing, in the U.S. the corporate tax rate is a whopping 35%, the 2nd highest in the industrialized world, and one of the reasons the economy isn't booming enough to afford you constant pay raises. Cut that to 9% (a 72% reduction!) and THAT ENORMOUS TAX BURDEN IS TAKEN OUT OF THE RETAIL PRICES YOU PAY FOR STUFF (you know those business taxes are always passed along to the consumer, don't you?). If that meant that things you buy now have a base price 13% to 18% less than before, are you going to bitch about paying an extra 9% sales tax after that price reduction?

[Sherman Logan]

For one thing, in the U.S. the corporate tax rate is a whopping 35%, the 2nd highest in the industrialized world

True. However, the effective tax rate is much lower due to numerous deductions, exemptions and loopholes. The biggest problem with the corporate tax rate is that the economy is distorted as businesses take advantage of them, just as the economy was severely distorted by the high personal income tax rates before Reagan.

As you say, corporations pay no taxes, they just collect them. Corporate tax rate should be zero.

[PGalt]

Thanks for the post/ping; thread. Very interesting.

[econjack]

You're preaching to the choir with me. Also, for the 49% of us who actually pay taxes, we will see a huge increase in our take-home pay, which can be used to offset the sales tax. For those who don't pay any federal income taxes, you do pay social security and other payroll taxes. Throwing those out the window means higher take-home pay even for those who don't pay income taxes. Further, there would no longer be any need to withhold anything from your paycheck, so your salary IS your take-home pay.