Read Millionaire Fastlane
I've Read UNSCRIPTED
- Jan 23, 2011
This just shows a complete lack of economic literacy.I'd get rid of tax write offs for corporations
Let's take a thin margin business like a supermarket or Walmart for instance. Most seem to think that the average margins are less than 5% at these companies.
For every billion dollars that company sells they have 950 million dollars worth of expenses (AKA write offs)
If you made them pay 10 percent taxes with no write offs they would be paying $100 million in tax on that $50 million in income. A 200% tax on actual income.
You should know more about the world if you are going to act like you do. Equal is equal access to the marketplace, not equal results thereafter.