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Quote of the week: Bill Gates on corporate taxes

POSTED ON May 19th  - POSTED IN Blog, Quotations, Tax
Photo: World Economic Forum, Creative Commons

Photo: World Economic Forum, Creative Commons

From a Bloomberg report on a Bill Gates interview:

Gates scoffed at comparisons linking taxes and regulation to slower growth. “The idea that there’s some direct connection, that all these innovators are on strike because tax rates are at 35 percent on corporations, that’s just such nonsense.” ‘

also:

“The highest economic growth decade was the 1960s. Income tax rates were 90 percent.”

This is part of a much bigger picture: that low (or high) corporate taxes do nothing to make an economy as a whole more (or less) ‘competitive.’ Read more about all this here.

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