Comments on: The Great Recession: Government Killing Business http://www.bizcoachinfo.com/archives/2200 Seattle Biz Coach, business consultant Terry Corbell, provides high-performance management strategies: marketing, human resources, and special projects. Thu, 09 Feb 2012 19:13:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: RaymondC http://www.bizcoachinfo.com/archives/2200/comment-page-1#comment-188 RaymondC Mon, 04 Jan 2010 13:06:53 +0000 http://www.bizcoachinfo.com/?p=2200#comment-188 The solution is obviously simple: we need to MASSIVELY overhaul or even phase out Title 26, the Internal Revenue Code, to get our economy going again. People forget the USA has the second highest business income tax rate in the world, and that is effectively killing jobs because American companies are outsourcing jobs beyond the USA to keep their income tax burden low. And the current tax code is costing somewhere between US$350 and US$500 BILLION per year in compliance costs, too. Is is small wonder why Steve Forbes' flat tax plan or the even more radical "FairTax" plan has gained support lately? The solution is obviously simple: we need to MASSIVELY overhaul or even phase out Title 26, the Internal Revenue Code, to get our economy going again.

People forget the USA has the second highest business income tax rate in the world, and that is effectively killing jobs because American companies are outsourcing jobs beyond the USA to keep their income tax burden low. And the current tax code is costing somewhere between US$350 and US$500 BILLION per year in compliance costs, too.

Is is small wonder why Steve Forbes’ flat tax plan or the even more radical “FairTax” plan has gained support lately?

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