"We are not embracing a politics of envy if we reverse a politics of greed. Inequality is not just about the top marginal tax rate but also about our children’s access to food and the right to justice for all. ... It is only engaged citizens who can fight to restore a fairer America, and they can do so only if they understand the depths and dimensions of the challenge. ..." - Joseph E. Stiglitz
MOSTLY FALSE: Clinton is indeed calling for a 65% tax rate, but this only applies to the largest estates — those valued at more than $1 billion per couple. That would probably include very few, if any, family farms.
Pfizer plans to relocate to the UK to cut its tax rate in half. In a huge rejection of the US corporate income tax rate - the highest in the world - America's second largest drug company just proposed a merger with Britain's AstraZeneca that would move the company away from New York's combined 41.1% corporate rate and into the UK's 20% rate.
IRS Stunting the Green Rush With Crippling Tax Rates | Every business owner knows taxes hurt net profit margins and cash flow. No matter what the tax rate, it’s easy math to see that every dollar you pay Uncle Sam means less cash to pay your employees or reinvest in your business.