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#11
10-14-2008, 08:37 PM
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http://www.usnews.com/blogs/capital-...ate-taxes.html
interesting stuff... It's bipartisan. Among people who have called either for a reduction in or elimination of corporate taxes are John McCain, Charlie Rangel, Jimmy Carter, Ronald Reagan, Milton Friedman, Lester Thurow. Some 70 percent of the corporate tax burden is borne by workers in the form of lower wages and fewer high-paying jobs An EU study of 50,000 companies found that a 1 percent increase in marginal corporate income tax rates leads to a 0.92 percent decrease in real wages. It's a hidden tax: Even workers get hit by it, but they don't know it because they don't directly pay the tax. For every dollar the government collects in revenue, the corporate tax may actually cost the government $1 in revenue through slower economic growth
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln 
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