Fair Tax amendment would benefit young entrepreneurs – Opinion – Crain’s

Comment: This entrepreneur says that young, new entrepreneurs underpaying themselves will, under the the Fair Tax amendment, get a a tax cut. Just one problem with that: It's not true. Only token cuts for lower income groups are proposed. And he says he'd be happy to pay higher rates now that he has a better income, and some others no doubt share his view. But if he knows the same VCs and angel investors we do he no doubt has spoken to some only by video call to Florida or other places to which many have fled.
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nixit
5 years ago

His entrepreneurial perspective makes absolutely no sense. If a flat tax somehow discourages entrepreneurship, how does that explain no-tax states like FL and TX consistently ranking near the top states for entrepreneurs? Even flat tax Utah ranks as one of the best states to start a business. No doubt this guy is bright, but he’s a little dim on tax policy.

Last edited 5 years ago by nixit

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Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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