$1 of every $3 goes to compliance, regulations

During the fiscal cliff debates, the American public was inundated with tax percentage figures. For simplicity’s sake, there were two schools of thought with the tax rates. The first was to raise taxes to enable the government to do more to help grow jobs. The other was to lower taxes so businesses would have more revenue in their pockets to help grow the economy. Unfortunately, one of the biggest factors hindering businesses isn’t the tax rate — it’s our convoluted tax code.

Read more: http://thebrennerbrief.com/2013/01/29/businesses-1-of-every-3-goes-to-compliance-regulations/