they actually profit off their taxes. i wrote a column for national memo and for tax analysts detailing how this happens. how you make money off the tax system. so here s a suggestion, chris. if you want to get a real debate about taxes, let s eliminate the corporate income tax and talk about how to make up the revenue somewhere else. in theory, that would lead to a huge inflow of capital into this country and a flourishing of jobs. by the way, i don t think that s what it would lead to. it would take the issue away from the republicans if the president would get out there and say, let s debate getting rid of the corporate income tax. i ve heard liberals who say this. this is an insufficient way. we have this statistic here which i think at some point came from a david cay johnson article i read about the gap between the actual rate, 35%, and the effective rate, what corporations pay, 12.6 %. when they trod out the 35%, that s smoke and mirrors. are you in that camp of, like, hey,
is that a real thing? oh, yeah. oh, yeah. they actually profit off their taxes. i wrote a column for national memo and for tax analysts detailing how this happens. how you make money off the tax system. so here s a suggestion, chris. if you want to get a real debate about taxes, let s eliminate the corporate income tax and talk about how to make up the revenue somewhere else. in theory, that would lead to a huge inflow of capital into this country and a flourishing of jobs. by the way, i don t think that s what it would lead to. it would take the issue away from the republicans if the president would get out there and say, let s debate getting rid of the corporate income tax. i ve heard liberals who say this. this is an insufficient way. we have this statistic here which i think at some point came from a david cay johnson article i read about the gap between the actual rate, 35%, and the effective rate, what corporations pay, 12.6 %. when they trod out the 35%, that s smoke and m
this. this is an insufficient way. we have this statistic here which i think at some point came from a david cay johnson article i read about the gap between the actual rate, 35%, and the effective rate, what corporations pay, 12.6 %. when they trod out the 35%, that s smoke and mirrors. are you in that camp of, like, hey, let s go let s do it, let s get rid of this thing that no one s collecting anyway and talk about how we get the revenue out of the folks that are wealthy. well, sadly you can t do it all by itself. you would have to do other things that i suspect the very wealthy would not like. remember, it s the top tenth of 1% that own all the means of production in the country. and they re certainly going to be against any higher taxes, even if it means lower corporate taxes because those big companies aren t paying that much now to begin with. why would they want to give up that sweet deal? right. here s the issue that obama can take, however. there s significant amount