[I salt this sandbox with a reminder to RR readers that Obama (with the enthusiastic aid of acolyte Schumer) is planning his next step to take the US down another notch – we are already 32 out of 34 developed countries. Today in the 15sep14 WSJ lead editorial we read –
Any day now the White House and Sen. Charles Schumer (D., N.Y.) will attempt to raise taxes on business, while making the U.S. tax code even more complex. The Obama and Schumer plans to punish businesses for moving their legal domicile overseas will arrive even as a new international ranking shows that the U.S. tax burden on business is close to the worst in the industrialized world. Way to go, Washington. … On Monday the Tax Foundation, which manages the widely followed State Business Tax Climate Index, will launch a new global benchmark, the International Tax Competitiveness Index. According to the foundation, the new index measures “the extent to which a country’s tax system adheres to two important principles of tax policy: competitiveness and neutrality.” (chart filched from the article) – gjr]


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