Posted by
Daddy-WallBucks on Monday, August 18, 2008 12:14:24 PM
I would actually be a proponent of NO taxes on corporations headquartered in US since they simply won’t pay or go away. No corporate tax would encourage more business to return to the US and utilize our workforce. The resulting jobs and higher wages will generate more total tax revenue. Corporate fees and usage charges would be the best way to pay for infrastructure needs.
As it stands now US companies are subject to double taxation; First, on earnings, and then shareholders are taxed on dividends and capital gains. Finally, I’d be in favor of a flat individual income tax. I’d go 20% flat without complaint.
Bottom line… our tax structure and fat unions are pushing jobs and business offshore.