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I can tell you that dealing with the costs of overwhelming bureaucracy was always a far greater problem than taxation. Why ? Because taxes come AFTER PROFITS. The price of dealing with bureaucracy, patents, professional fees and of course competition had a far nastier impact on their ability to succeed than tax rates. […] for some reason Congress and the President seem fixated on tax rates as the pivot point for creating jobs. It is not.
How many times does the “taxes kill jobs” argument need to be dismantled before it finally dies?
