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.