Tag Archive for 'tax foundation' at Schueys

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Going Galt?!

March 8th, 2009 by drs

I’ve been using TweetDeck to search for mentions of “Galt” in all the posts on Twitter. Coming up with some interesting stuff such as this post on the Motly Moose.

What, haven’t you heard? It’s the new thing. Thanks to Obama‘s crushing tax policies, America is now punishing awesomeness and success! What the hell are they thinking?? This is Econ 101 people, punish success and people will stop being successful. More specifically, I, and dozens of my brethren will stop being successful, on purpose, to prove how foolish these policies are!

See, this visionary, Ayn Rand, wrote a really prophetic book, where the brilliant, creative awesome overclass just got tired of carrying the “looters and moochers” (technical terms folks, shrug it off). These wunderkinds move away to a sort of uber-creative Shangri-La, and ROFL lustily while the leaderless, idea-strapped society crumbles behind them.

Check it out: turns out that some completely nonpartisan think tank, the Tax Foundation, figured out a way to tell who the moochers were, and summarized it in this brilliant chart:

whopaystaxes

Holy Grover Norquist, Batman! In a nutshell, anyone above about 60k is “carrying” anyone below 60k.

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Tags: ayn rand, galt, looters, moochers, obama, tax foundation, tax policies, twitter

Posted in Economics,Life,Politics Closed

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Cutting the U.S.’s Corporate Tax Rate

February 12th, 2009 by drs

This stuff makes so much sense to me! Why is our government punishing our workers and our economy by keeping our corporate rates so high?

A video by CF&P Foundation explaining why the U.S. needs to cut its corporate tax rate to stay competitive with the rest of the world.

Read the article at The Tax Foundation to learn how our states rate as compared to countries around the world. (see Excel worksheet)

Many states impose state corporate income taxes at rates above the national average of 6.6 percent. Iowa, for example, imposes the highest corporate tax rate of 12 percent, followed by Pennsylvania’s 9.99 percent rate and Minnesota’s 9.8 percent rate. When added to the federal rate, these states tax their businesses at rates far in excess of all other OECD countries.
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