8 out of 10

Next year the Bush tax cuts disappear and the Presbo tax rates kick in.  The top rate on successful small businesses will become 45%, where it is now 39.2%.  This is the current top rate on individuals.  8 out of 10 small businesses in the US file their taxes as individuals.

Many countries in the world have figured out that to keep business, that they need to offer companies a tax rate that does not drive them away.  Canada went to 15. China is at 25. Ireland at 12.5 percent.  Iceland ( that socialist paradigm) is at 15%.  Chile is at 17%.  Great Britain is ramping down from their current 28% to reach 23% by 2015.

Where is a startup company likely to choose?  And how do they keep coming up with the description of “unexpectedly” to describe the result of the lib-prog policies.

This ain’t rocket science.

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About drrik

3rd career and 2nd childhood. Spends spare time repairing old things. Aspires to burn more gasoline, gunpowder, and ink in pursuit of slowing down. Child of the 60s and aspiring student of history. No desire to see us repeat the failed social experiments that keep failing for lack of human beings that meet the left wing standards and have to be killed off. Did engineering long enough to realize that very little is new and the wheel does not need to be reinvented.
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