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Timothy Salt
This is complete hogwash. The nominal rates are high but the effective rates that corporations actually pay are below the median. Corporate taxes, like personal income taxes, have been declining for decades, and the whining never stops. Moreover, the supposed increase in tax revenue and jobs that is supposed to come from giving more money to corporations and wealthy individuals to invest in the economy never happens. Because they don't invest in the real economy unless there is sufficient demand, and demand is insufficient if wages decline and public spending per capita declines. Instead, the money piles up in the gambling casinos for the rich, where it does no good for 90% of us...
Jan. 9, 2015, 6:45 p.m.