Read that again: the effective tax rate or private equity firms was 1.42%.
The overall effective corporate tax rate was 16.53%
So, the next time these aholes claim that tax rates are too high, we know which end they’re talking out of.
The new argument will be – they pay so little and the amount is so inconsequential that corporate taxes make no sense. Let’s drop them to 0%. Countdown to Cato, AEI, Laffer WSJ op-ed in 3..2..1
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