GREY:MHGPF - Post by User
Comment by
Caribbeanmanon Feb 18, 2014 9:17am
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Post# 22219225
RE:RE:RE:RE:RE:RE:RE:Let's remember the Bigger Picture!!
RE:RE:RE:RE:RE:RE:RE:Let's remember the Bigger Picture!!Yes they need the revenue for sure. Unfortunately they've set up a system that's designed to fail. Because they have little revenue, they raised the tax rates. Which is not an inducement for people to pay their taxes. The corporate rate is 45%, the personal rate is 35%. All those rates do is drive people underground.
In addition to the corporate tax rate, they have a wealth tax. You pay taxes on any assets on your balance sheet.