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Perhaps most shocking is increase in dividend tax rates, set to rise from 15% to as high as 43.4%. Individuals who start productive businesses are being heavily penalized. Individuals who save their money and put it to work investing in other people’s businesses are being heavily penalized. This says a lot about government values.
WELCOME ABOARD, SUCKERS… ENQUIRIES ARE IN THE BASEMENT
For example, politicians like to talk about technology, efficiency and transparency. But just take a look at the tax code to see where they really stand. Estonia’s Taxation Act of 2002, which forms the preponderance of that country’s tax code, is 43,370 words.
In Canada, the tax code is close to 1 million words. And in the US, the tax code is so daunting that simply the INSTRUCTIONS for form 1040 shatter the record books at 178,096 words… over four times the entirety of Estonia’s tax code – equivalent to about eight full-lenth novels.
US tax code is so massive, in fact, that the Government Printing Office charges $1,028 just to print a copy of it