U.S. Senate's tax writer sees 15-month 'window' for tax reform

Comments (2)
248TaxPlan wrote:

It is simplistic to suggest that business tax reform is simply about lowering the C corporation rate. Each and every developed country uses a VAT rather than rely just on the income tax base. The U.S. uses the regressive, job killing payroll tax base to over tax workers and help to send jobs overseas. While a 24% C corporation rate is attractive a 4% VAT combined with an 8% C corporation rate and no payroll taxes is better. Workers have been badly mistreated in the U.S. and it is time to reverse the damage. See TaxNetWealth.com

Jun 19, 2014 8:14am EDT  --  Report as abuse
248TaxPlan wrote:

It is simplistic to suggest that business tax reform is simply about lowering the C corporation rate. Each and every developed country uses a VAT rather than rely just on the income tax base. The U.S. uses the regressive, job killing payroll tax base to over tax workers and help to send jobs overseas. While a 24% C corporation rate is attractive a 4% VAT combined with an 8% C corporation rate and no payroll taxes is better. Workers have been badly mistreated in the U.S. and it is time to reverse the damage. See TaxNetWealth.com

Jun 19, 2014 8:14am EDT  --  Report as abuse
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