Click here to read this complete version of this EXCELLENT tax commentary.

“A Mickey-Mouse Tax Plan to Save America,” by By Jeff Clark (The Growth Stock Wire, Sept. 4, 2012 )

The United States of America should be the happiest place on Earth. We just need to change our income-tax structure. Let me explain…

After filing and paying my 2011 taxes, there was still a little money left in my checking account. So I decided to splurge a bit and take the wife and kids on a mini-vacation to Disneyland. As I stood in the ticket line outside “the happiest place on Earth,” I noticed the wide variety of people standing in line with me.

There were tall people… short people… fat people… skinny people… people of every ethnic background imaginable. There were kids, teenagers, young adults, mid-lifers, and senior citizens. Every genetic and chromosomal background possible was represented, as was – I think – every income class.

Certainly the gentleman in front of me with the tapered slacks, the Faconnable pullover shirt, and the Cole Haan walking shoes earned a decent living. In front of him, though, was a man wearing oversized denim shorts, a “Battle of the Bands 2009″ t-shirt, and a stained baseball cap. He probably wasn’t doing as well financially.

But here’s the thing… we all paid the same price for our admission tickets.

It doesn’t matter how young or old you are. It doesn’t matter where you come from or what nationality your ancestors were. And it doesn’t matter how much or how little money you make. Everyone pays the same price to gain access to all the rides and attractions at Disneyland.

And Disney (DIS) is a hugely profitable corporation. Just look at the stock over the past 10 years…

It’s up 175%.

Still, I had to wonder… If the best country on Earth operates with a progressive tax policy – where higher-income earners pay more for the privilege of living within its borders – why doesn’t Disney charge higher-income earners more to enjoy its theme parks?

I called Disney’s shareholder services department to get an answer. After being transferred about five times, I was finally able to convince the lady on the other end of the line this wasn’t a joke… and I was a serious financial analyst. …

Click here to read this complete version of this EXCELLENT tax commentary.

Tags: Disney, Jeff Clark, taxation

This entry was posted on September 9, 2012 at 2:47 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Posted in Analysis by SiteEditor No Comments Yet