Sunday, March 02, 2008

Tax Policy 101

I think I have this radio ad quote exactly transcribed, “We’ve got to stop giving tax breaks to companies that are moving overseas and give those tax breaks to companies that are investing in the United States of America. Enough is enough.”

Isn’t this exactly backward on its face? Aren’t those companies leaving to escape high taxes?

And why doesn’t anyone ever explain how corporate taxes are just national sales taxes anyway? We pay those taxes whenever we buy their (or the ultimately marketed) products or services.

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