Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Why the new "overseas tax" idea is utterly stupid
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Thursday, May 07, 2009
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By Daily Crux Editor Brian Hunt:

Somebody please get the latest WSJ piece about overseas taxes in front of Barack Obama... or make him read Atlas Shrugged.

He needs to learn that American firms already have major tax burdens that their overseas competitors don't have. Irish and South Korean firms pay far less taxes... which gives them an advantage against highly-taxed American firms.

If you're unfamiliar with how it all works... or how taxing overseas profits leads America down a dark path, this is a must-read piece.

Read full article...

More on taxes... totally stupid taxes:

Oregon enacts a bulls**t tax to keep government spending high

Must read article from the WSJ on the death tax

Atlas Shrugged strikes California: State bleeding productive tax payers and drawing-in tax receivers

Topics: Taxes | Boondoggle
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