Sunday, September 05, 2010

TAXES

  • Tax policies that will stabilize financial markets over the long term must be enacted
  • Current high Corporate tax rates are a disincentive to job growth and capital formation
  • High taxation on investment gains restrict risk taking and, again, are a disincentive to capital formation 
  • Social Security benefits are taxed up to 85%. Benefits you receive are your contributions being paid back.
  • Estate and Gift  taxation is a true double taxation of income and wealth. Estate and gift taxes are assessed on after-tax accumulation of assets
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