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Saturday, November 27, 2010

Reforming Corporate Taxation in a Global Economy: A Proposal to Adopt Formulary Apportionment - Brookings Institution

I think this makes sense:

Reforming Corporate Taxation in a Global Economy: A Proposal to Adopt Formulary Apportionment - Brookings Institution


Posted by Bozat, The Laughing Prophet at 7:11 PM
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Labels: Insights, Tax Policy

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The Laughing Prophet

The Laughing Prophet
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About Me

Bozat, The Laughing Prophet
My identity was born in 1980, scrawled in red graffiti - preceded by "Suck my" - on the basement men's room wall of a River Dorm at Rutgers. RU was alma mater to Milton Friedman, prior to his ascendancy @ U of Chicago. "Free To Choose" was then a favorite bedtime story, notwithstanding the foreword by Ronnie Raygun, whom I considered an addled & clueless figurehead even before the Iran-Contra Affair. A fortuitous conjunction of ersatz creative quirkiness & better living through chemistry (a random walk through the woods behind the Radiology Lab on the Busch campus yielded a 4-semester long harvest of a mutant strain of Hackensack Gasping Grass) produced an entire Bozat mythology, which directed my early adulthood. Then I grew up. Sort of. The rest is a typical middle-class saga of triumph and tragedy... far too long to regurgitate here. Disillusioned by the unfulfilled promises of free market fundamentalist supply-side economics, I embarked on a quest to find out what went wrong. This is what I have learned so far...
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Why should income earned from labor (e.g., salary, wages, bonuses, etc.) be taxed more heavily than income earned by capital (e.g., dividends, realized capital gains, etc.)?

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