Tyrannical Tax Rates

Did you know our country’s [cough cough, nominal, cough cough] corporate tax rate is one of the highest in the industrialized world? This is egregious! We need to cut corporate taxes to stimulate business, so wealth can trickle down under classical supply-side economics — that heralded and long-proven model that has existed for *forty entire years* [cough cough, and has lead to an ever-increasing wealth stratification]. Under this tyrannical tax rate, over 10 percent of our 500 companies with the largest market capitalizations paid the business-killing rate of [cough cough, 0 percent, because of all the Swiss-cheese holes in the code].

It is no wonder we can’t keep business here, under this unfair and stifling policy. We need to lower the corporate tax rate and sign the Trans-Pacific Partnership — another free trade deal, so we can have Taiwan, Vietnam, Mexico, and Malaysia send more jobs here, as has consistently happened with other second- and third-world countries in previous free trade deals. And we also need to cut entitlements [cough cough, a.k.a. insurance policies that citizens paid for], such as Social Security, Veterans’ Benefits, Medicare, and Medicaid, because even with our crushingly onerous corporate tax rate [couch cough, zero percent], we cannot afford to keep giving all these greedy takers steaks and Cadillacs.

The full story:  http://www.usatoday.com/story/money/business/2013/10/23/big-companies-pay-no-taxes/2480281/