Tax Guru-Ker$tetter Letter
Friday, January 10, 2003
Another Bogus Argument
The opponents of capitalism are grasping at straws in their propaganda campaign to rally opposition to the elimination of double taxation of corporate profits. The class warfare strategy has been exposed. Now, they are claiming that we can't make dividends tax free because it would be too difficult to keep track of that on corporate books and 1099 forms. That is absolute hogwash. Nothing could be easier in the world of corporate accounting. Of course, these same people on the left are the ones opposing any military actions because someone might get hurt. Their brains just aren't hooked up right.
KMK