Taxes and Business

High taxes are bad for business.

This belongs in the Book of Lies. What is closer to the truth is a simple equation:

If personal taxes are higher than business taxes, investment money flows into businesses.

If personal taxes are lower than business taxes, investment money flows out of businesses.

Why? Because no one likes to pay taxes. Everyone shelters their money from taxation by putting it wherever it is taxed the least.

A simple glance at the tax structure over the last thirty years shows why the economy is in the toilet and isn’t improving, while Wall Street (stock speculation) posts record profits.

If you want your job back, demand higher taxes on high personal income. So that those who have money will choose to shelter their income in their businesses.

Tax cuts for the wealthy are the economic problem.

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