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Showing posts from May, 2012

Taxation

There is a serious debate on taxation reform and I think very simple observations are enough to show the direction we need to be heading. Companies are flush with cash and individual savings are very low. NYT had an article on how low Apple's tax rate was; the most valuable company on earth with highest profits. Combined with the inequality of pay and tax rates on different income levels, I think it is obvious what the solution should look like!