Comment

Petraeus Scandal Takes a Serious Left Turn

241
Obdicut (Now with 2% less brain)11/13/2012 4:14:46 am PST

re: #240 Sol Berdinowitz

The idea of lower overall tax rates is tht people are currently putting more effort into avoiding taxes than they are in generating more income. It is no coincidence that general Electric, which pays almost nothing in taxes, has the largest legal department of any corporation in the world.

For them it is simply a mater of return on investment, they have more to gain from hiring a lawyer than from hiring another engineer or worker.

Yeah. This is why I want 0% corporate income taxes, focus on income taxes on individuals, and get rid of the vast majority of deductions. Spend less time playing silly tax games.