Untaxing U.S.A.     Rationale

acknowledgements            [previous]            [next]            part I

A $300 billion tax on the profits of US public companies suppresses their market values by $10 trillion (causing the US Treasury to lose $3.5 trillion in tax revenue) and triggers a chain of clearly discernible events resulting in more suppression of market values and a potential $10 trillion loss in tax revenue to the US Treasury.

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