Friday, March 25, 2011

Taxation and Equality

High tax rates combined with a Byzantine system of credits, breaks, loopholes, and shelters are one of the best ways known to reward big corporations and punish little ones. General Electric, with politicians in its pocket, can get away with getting a $3.2 billion payment from the IRS at tax time, in a year in which it earned $14 billion worldwide.

Lower taxes and simpler taxes level the playing field for businesses and citizens who can't afford to hire a small army of (sleazebag) tax attorneys.

Oh, and next time you're shopping for lightbulbs or appliances? Skip G.E. Buy another brand - which probably has to pay taxes - and support America.

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