The article by Dan Mitchell at the Cato Institute (linked below) is
rightly critical of large company CEO's who have supported higher
personal income tax rates. Beyond that, if you click the link on
"dividends" it will take you to another post by Mitchell. In that post
you will find another link to a report by Ernst and Young on the
taxation of capital gains and dividends.
It's worth looking at
all of this stuff, but if all you do is read the Executive Summary of
the report, you will have a better understanding of the current debate
on taxes than most folks you know. Most folks have no idea that the
integrated rates on capital gains and dividends in the U.S. are among
the highest in the world already, and are about to go higher. The result
will be a drag on capital formation. There is a lot more to the "fiscal
cliff" debate than whether the "rich" should "pay just a little more".
Crony Capitalists Endorse Higher Taxes on Their Small Business Competitors
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