Corporate Tax Loopholes Are Killing Us | Wall Street Oasis

I've long been opposed to a flat tax or the so called "Fair Tax" on the basis that once you grant the government the ability to levy a consumption tax then it's probably just a matter of time before they ratchet the rate up to the stratosphere. What might start as a 20% flat tax today could be 30% or even 40% a decade from now. But when I see things like the following video, it makes me re-think my objections. Our tax code is so complicated that the only people who don't get screwed by it are the people or corporations who can afford an army of tax commandos to handle their business. Maybe a flat tax is the way to go.

Source: http://www.wallstreetoasis.com/blog/corporate-tax-loopholes-are-killing-us

st nicholas st nicholas mindy mccready mindy mccready cliff harris cliff harris josh turner