Thursday, February 3, 2011

The Paradox

This is a very good piece on taxation and one that ought to be read and understood by all. I've griped about it for years. And the author is right. It's well concealed. No one wants to write about it or address it. The Republicans use the official corporate tax rate as some sort of bludgeon to use on the Left...when in fact, no corporation pays the 'official' rate. But you can't get a Republican to talk about it. lalalalalalalalalalala.
I've noted here before that the small corporation I worked for changed themselves to a Subchapter S corporation and saved $6 million a year in taxes. Guess who paid the $6 million? And what our corporation did wasn't a secret...every CFO knew about it and used it when they could.

No comments:

Post a Comment