King
intermoderate
Atlas Star
Posts: 29,356
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« on: July 22, 2013, 03:16:51 PM » |
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There's a ton of ways to skin a cat on the personal side. My concern would be with business tax.
Employment and income always lags behind GDP growth. A huge reason for this is stagnant capital. Too many people like to sit on their money, especially when they get it in their heads that we are headed for uncertain economic times. My tax plan would be fairly high, but flat corporate and capital gains tax rates. Then, to offset these high flat rates, there would be offered a laundry list of tax credits to encourage the spending of capital on new hirings, expansion and reinvestment.
Our government needs to find a way to continually punish businesses for pulling out (causing recessions) and reward them for staying in.
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