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The surprise is that they’re not 99%

November 16, 2006

The Tax Foundation says:

In 1996 the Congressional Budget Office reviewed a number of studies examining the efficiency losses associated with the corporate income tax and found that they probably exceed half of corporate receipts

If any profit-seeking corporation that I owned stock in missed an opportunity to save $1 in taxes by wasting 99c, I’d be a bit upset.

Come on, guys, this corporate income tax makes no sense, nor does any other kind of tax on productive labor.

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