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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (688314)	12/15/2012 5:09:46 PM
From: Tenchusatsu	Read Replies (2) of 1575178

Al, His taxes would become near zero if we did what you suggested in your first paragraph. You didn't understand what I suggested. Get rid of the double-taxation on corporate dividends, then raise the tax on personal income from dividends to that of ordinary income. There will be two benefits from it: 1) People like Romney would then end up paying an effective tax rate of over 30%. 2) Corporations will be encouraged to give out more of their income in the form of dividends, which will encourage long-term investment. There are only three arguments against it that I've heard of, all which I can easily refute: 1) "It's a new tax break for corporations." No it isn't; the corporate income will get taxed one way or another. 2) "Corporations already get too many tax breaks." That isn't relevant; if you believe that, just get rid of the tax breaks you think they shouldn't get. 3) "Tax revenues from dividends will go down." No it won't; in fact, it will encourage more dividends which in turn will increase tax revenues. Tenchusatsu

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