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