Can't tax citizens into prosperity
Karen Heller states that Mitt Romney enjoys "a lower tax rate than workers dependent for income on jobs" ("GOP's rich men strive to be regular guys," Wednesday). Please read Colin McNickle's article on the same day's editorial page: "Romney's 15% tax rate higher than most." The 15 percent tax rate refers to investment income, which is taxed at a lower rate than earned income.
There is no country that can tax its citizens into prosperity. But bad tax policy can certainly limit prosperity.
I was a representative in industrial sales for 40 years, starting in 1969. There were hundreds of manufacturing plants in this area that have either closed or moved away. A messed-up tax system and overregulation were the causes of this situation. I saw it happen personally. K Street lobbyists in Washington have helped give us a tax code made up of more than 70,000 pages of confusion that no one can figure out.
