Tuesday, September 27, 2011

Our Tax Code Disincentivizes Savings and Investment

The inimitable Dan Mitchell at the Cato Institute has a great flow chart out today.  He explains the perverse incentives of our tax code.  The conclusion?  Our tax system is biased against savings and investing.  In other words, it is anti-growth - and in drastic need of reform:

Read the whole post here.

1 comment:

Anonymous said...

Excellent. A flat tax would indeed solve many ills withing our cumbersome tax code. Love the flowchart.