Monday, April 18, 2011

The 30-Cent Tax Premium

Good grief:

Arthur B. Laffer: The 30-Cent Tax Premium - "According to his research, as of 2009 the income-tax industry employed 'more workers than are employed at the five biggest employers among Fortune 500 companies—more than all the workers at Wal-Mart Stores, United Parcel Service, McDonald's, International Business Machines, and Citigroup combined.' Without diminishing in any way the professionalism of tax attorneys, accountants and financial planners, all of these efforts produce nothing other than, well, tax compliance."

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