Saturday, April 19, 2014
Apples and Apples and Clams and Clams
Several years ago I came up with a tax proposal in which the top rate was 40% (that, in addition to an elimination of the special exemption for capital gains, I had put forth as a viable offset for the total elimination of the corporate income tax). You do realize here, don't you, that that rate was based upon the current tax structure and that my more recent proposal of a top tax rate of 25% is based upon significant tax reform in which I essentially get rid of ALL deductions and loopholes and so that of course those rates will be lower? I mean, I know that most of you are astute enough to have realized this already but, you know. YOU KNOW.