The federal gov't gets about 300 billion in these taxes, as of 2009 I think. I'm thinking do away with it and keep the capital gains tax at 15% for everybody. You wanna see more business and more jobs? That'll do it. I think the rise in revenue from personal income taxes by broadening the tax base would make up for some of it. And you'd save money on spending less welfare dollars for unemployment.
The link does a better job of laying it our than I could. The writer wants to roll capital gains into regular income. I might be for that, but not until the economy gets rolling.
http://www.theatlantic.com/business...uld-eliminate-the-corporate-income-tax/65351/
The link does a better job of laying it our than I could. The writer wants to roll capital gains into regular income. I might be for that, but not until the economy gets rolling.
http://www.theatlantic.com/business...uld-eliminate-the-corporate-income-tax/65351/
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