elvis
Rookie
- Sep 15, 2008
- 25,881
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- Banned
- #161
The 'rich' are already taxed on the money they make, taxing 'corporations' is a giant windfall profit tax that stunts business growth and job creation. 20 % is considered a fair rate for that, our tax is 35%, and they wonder why every IT person resides in India.I have been preaching lowering of the corporate tax rate for years and so many just don't believe it - though they also are so stuck in the rut of wanting "the rich to pay their fair share"
Investment dollars would POUR into this country if we reduced to the corporate rate to 20% or even lower. BILLIONS UPON BILLIONS of dollars that would create jobs, opportunities, industry...
But no, too many want to actually consider RAISING taxes.
Aaargh...![]()
I bet it will be higher than 35 percent in a couple years.