The Soapbox
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| Subject: So tax it as reg income. If anything, this is an argument to change corp tax |
| Posted by: Hoodafan on Mon Feb 20 2012 11:14:57 AM |
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Message:
rate to drastically lower or even eliminate them. Makes corporations
more competitive on global market and raises cap gains eligible to be taxed. If I remember correctly, the average net income tax rate (among the 53% that actually pay some) was just over 11%. Not sure what the effective rate on CG is, since some lower income folks are not taxed, but I'm guessing it's closer to 15 than 11%. Let dividends be paid from pre-tax dollars to eliminate double taxation. Throw in an inflation adjustment for cap gains so you're not taxed on inflation. And you've solved the Mitt and Buffet's secretary anomaly "problem" in the meantime. Can it really be that simple? (to solve, not necessarily get passed given special interests) |
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