There are a lot of boxes, so it’s not a simple flowchart, but the underlying message hopefully is very clear.
You don’t have to be a wild-eyed supply-side economist to conclude that this heavy bias against saving and investment is not a good idea for America’s long-run prosperity.
- We earn income.
- We then pay tax on that income.
- We then either consume our after-tax income, or we save and invest it.
- If we consume our after-tax income, the government largely leaves us alone.
- If we save and invest our after-tax income, a single dollar of income can be taxed as many as four different times.
Sexta-feira, Setembro 30, 2011
Double Taxation Flowchart
Explaining the Perverse Impact of Double Taxation With a Chart: