Thursday, August 6, 2009


An interesting article on taxes. The money quote:
European powers collapsed from overtaxing their people for wealth they no longer had. The United States is headed for collapse for refusing to fairly tax existing concentrations of wealth.

Remember that companies, large and small only pay taxes on profits. No profit, no taxes. Payroll is tax deductible, so taking on an additional employee reduces tax burden. So don't let anyone ever tell you that reducing taxes will be an incentive for companies to hire more employees.

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