The sound of three hands clapping
U.S. Reps Billirakis, Nugent and Young used some variation of the concept of “certainty” six times in their recent short letter to the editor, pounding their collective chests over how effective they see themselves.
It was Benjamin Franklin, who wrote in a 1789 letter that:
“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”
Let’s compare the nature of taxes individuals pay, vs. what corporations pay.
Corporations pay taxes on profits; individuals on income.
This means that corporations are taxed only on the money that is remaining from income, after all expenses are paid.
Individuals are taxed on all income, before most expenses are paid.
If our Dear Representatives want “certainty” and a “permanent” solution, let them reform the entire tax code so that every individual and every corporation pay fixed percentages of every dollar earned regardless of expenses paid, with no tax incentives for anyone.
If every Job Creator knew, with certainty that say 10% of every dollar that came into their cash register would go to support national defense, health, education and welfare, they could then confidently make business decisions, including hiring workers to run their businesses in the most profitable manner possible in order to hold on to as much of that remaining 90%.
Business regulations should be limited to those protecting consumers’ safety and well-being.
<IMHO> Fred Jacobsen