In the classic Marx Brothers’ movie “Duck Soup” the main character, Rufus T. Firefly (Groucho Marx), is debating with the Secretary of War on whether to raise taxes on the mythical country of Fredonia and the ensuing exchange goes something like this…
Secretary: “How about taking up the tax?”
Firefly: “How about taking up the carpet?”
Secretary: “I still insist we must take up the tax”
Firefly: “He’s right; you gotta take up the tacks before you can take up the carpet.”
I thought of this absurd parody while watching the much anticipated Presidential Debate earlier this week – a political train wreck that you just can’t help but rubberneck. And of course one of the main talking points during that often painful and finger-pointing 90 minutes was the oft-discussed subject of taxes.
I don’t often get political in this space, but after Monday night, there are some things that need to be said with regard to proposed tax changes – whether real or imagined.
Hillary Clinton has stated that under her plan the rich would pay their fair share of taxes, while Donald Trump would cut the corporate tax rate to 35 percent to usher in a more business friendly environment.