Share This Article with a Friend!

The Taxman Cometh — And Leaveth Empty-Handed

Hunt Lawrence and Daniel J. Flynn, The American Spectator

A common enemy might help this surreal spectacle supplant the Monday Night Raw approach to politics currently in vogue. Double taxation encourages corporations and individual owners to work to avoid paying taxes. Credit to taxpayers’ dividend income for income tax paid on the income of corporations will encourage more dividends. Corporate officers would make additional income by holding shares and receiving dividends. Limits on deducting bonuses and high salaries would encourage corporate officers to own shares for the dividend income. U.S. corporations would be valued on cash flow after capital expenditures to pay dividends. Alas, it’s impeachment season during an election year. If heaven can wait, so can the reforms.