Re: Beer and taxes
The bankrate.com article is obviously overly simplified and misses the mark with AMT.
The indexing would be helpful, but the 50% figure you quote is not "per year". That would be great, some of my capital gains would give me tax credits instead of reduced tax levels.
The risk of that results when one ties their capital up for longer periods of time is considered justification by most lawmakers as worthy of a discounted tax rate, especially since the investments helps stimulate economic growth and jobs. Some jobs here simply would not exist if there wasn't the 15% break, period. I don't think that's really what you want to see.
The tax cuts had nothing to do with sending jobs overseas. Regulatory burden and competition are the factors that have increased jobs being sent overseas. Most of us all shop for the best bargains we can get instead of shopping for "Made in the USA" products. That's the price we pay. You like to blame the wealthy for it but you have no support for such a claim. It didn't take any extra money to move jobs overseas, it saved company's money.
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