Posted on 09/17/2014 8:32:14 AM PDT by Sean_Anthony
Our tax code is byzantine, our businesses are over-taxed, and our economy is continuing to suffer. We can do better. We have done better. We deserve better.
The Tax Foundation released its first global stat called the “International Tax Competitiveness Index”. This index aims to measure two criteria, competitiveness and neutrality, by examining “the extent to which a country’s tax system adheres to”, these “two important principles of tax policy”.
The index accounted for more than 40 tax positions and policies. In their analysis, two of the most damning reasons for ranking the United States near the very bottom of the list include the highest corporate tax rate (39%), as well as the “rare demand that money earned overseas should be taxed as if it were earned domestically”. As such, the United States outranked only Portugal and France and was placed 32 out 34 industrialized nations.
(Excerpt) Read more at canadafreepress.com ...
More evidence of American exceptionalism.
Those pulling the wagon understand that the RINOs and the Democrats have rigged the IRS to be the Federal Personal Income Punishment Tax for individuals, and the Federal Business Income Double Punishment Tax for Businesses.
An Income Punishment Tax on Business is automatically added to the purchase price of the goods and services of that Business, hence Double Punishment to the Consumer.
For those in the wagon, they only pay once: to reimburse the Business for their Punishment Income Tax by the RINOs and Democrats.
In order for more voters to reject the Democrat Punishment Party, there will have to be a greater difference between true Republicans and the current RINO/Democrat Cabal.
Over-taxed is what Obama call fair share.
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