Comments on: Magic Number http://www.redstate.com/sdemaura/2012/05/05/magic-number/ Thu, 28 Mar 2013 06:25:43 +0000 hourly 1 By: commonsenseobserver http://www.redstate.com/sdemaura/2012/05/05/magic-number/#comment-25 commonsenseobserver Sun, 06 May 2012 03:15:35 +0000 http://www.redstate.com/sdemaura/?p=103#comment-25 Nothing like abolishing income, payroll, or corporate taxes immediately, or imposing an immediate flat tax.

And, of course, corporations are “people” too, which Obama will no doubt emphasise (while attacking them).

George Osborne in the UK may be universally hated by the Tories now, but he did make a good start by scheduling a cut in the corporate tax rate to 22% eventually. And don’t forget smaller companies which still have to pay more than 30% under the current system.

]]> By: tooncesthecat http://www.redstate.com/sdemaura/2012/05/05/magic-number/#comment-24 tooncesthecat Sun, 06 May 2012 03:09:34 +0000 http://www.redstate.com/sdemaura/?p=103#comment-24 Corporations don’t pay taxes. They pass along the tax through reduced wages of their workers (75%) or higher prices for their products and services (25%). Go Bold. Right problem. Wrong solution.

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