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by fapi1974
5575 days ago
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The problem with the corporate tax rate argument lies in the difference between nominal tax rate and effective tax rate - US corporations pay far less in actual taxes than they are supposed to - which doesn't contradict your point about corporate flight, since tax haven shopping is a big part of why corps don't pay what they should. Not that corps are reflected in the graphic. Also, the "Fair Share" thing is tough. I would argue that "Fair Share" should relate to the percentage of the country's wealth or economy controlled by the tax bracket, rather than the percentage of the population or even the percentage of yearly income represented by that group. Looked at that way, the upper brackets are getting a great deal. Point taken on size of government. If you just believe the government should be smaller, then there is no reason to revert to historical mean taxation rates. However, my sense is that our social indicators for poverty, education, and health are so bad relative to other countries that it's hard to make the case that the status quo is adequate, much less excessive. |
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The clear lesson with Europe and now Japan is we cannot continue to over tax the capitalists and raise the entitlements.