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tired and dumb
is one effect of not allowing a deduction for dividends that it encourages (all else being equal) a co to reinvest in itself rather than pay dividends? If so, might the taxation thing be partly a policy to encourage that?
Are dividends received taxed at a different rate than regular income?
The things I don't remember . . .
I agree with Spanky's comment on the flat tax, adding that I think if you set the base amount (if you make less than that, no tax) at a reasonable place, the rate has to be really quite a bit higher than people expect in order to be able to have it be flat (esp. if you want to get rid of estate/gift tax, corp tax, etc.)
I can't believe I almost missed an opportunity to comment on flat tax.
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