Until yesterday the United States had the highest corporate tax rate in the world, so in a sense, yes: this does make us more similar to banana republics https://twitter.com/mattyglesias/status/944275715280850944 …
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and also to Sweden, Macao, and Liechtenstein
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Taxing corporations is a particularly painful kind of stupid because a corporation is a legal artifice that shuffles money between investors and customers
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Taxing a corporations' customers when it sells them a product is perfectly sensible; taxing its owners when they receive dividends is sensible; taxing the corporation itself is a little odd
5:16 PM - 22 Dec 2017
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