Liberty
Libertarian Minded
Here is an example of what I was talking about Liberty
The marginal tax rate for businesses is 35%. But the effective tax rate for large companies is much less in practice. Forbes magazine reports that General Electric, for example, won't owe any U.S. taxes for 2009, but will instead receive more than $1 billion dollars of tax benefits. That's in spite of the fact that GE generated more than $10 billion in income last year. GE usually doesn't pay much—in 2008 it paid just 5.3% of its income in taxes. ExxonMobil paid almost 50% of its $35 billion income in taxes. But according to its own Securities and Exchange Commission (SEC) filing it doesn't owe any taxes in the United States, even though it's an American corporation and has its headquarters in Texas. Exxon says in spite of what it reported that when its taxes are finally figured it will owe a "substantial" amount—it won't say how much. But even if it does owe nothing at all it wouldn't be that out of line with other similar companies. Chevron, which is based in California, likewise paid almost all of its taxes to foreign governments. And in 2008 a Government Accountability Office (GAO) study found that between 1998 and 2005 two-thirds of companies operating in the U.S—including a quarter of the largest companies—didn't pay the U.S. government any net taxes at all.
http://www.independentamerican.org/2010/04/09/how-multinational-corporations-dodge-taxes/
http://bigthink.com/ideas/19511
I understand that GE paid 3+%.
Your point is a point that I'm making. Unless I missed something.
Small business can't just pick up and leave. So small business is picking up the majority of the tab. And getting crushed.
The income tax must go.