According to the NSBA, 83% of small businesses pay taxes on the owner's personal income tax level.

WSJ: Small-Business Groups React to Tax Plan

Schrder is also reducing taxes on profits and cutting the top personal income tax rate by 15%.

FORBES: Fact and Comment

In addition, the increased savings and investment through the personal accounts generates increased revenues from the corporate income tax and other taxes on corporate income.

FORBES: A Personal Account Option For Social Security

In addition to lower corporate and personal income taxes, Singapore also has no capital-gains tax, no tax on bank interest and no dividends tax.

WSJ: Asia Is a Draw as U.S. Weighs Higher Taxes

Washington State has no personal income tax, no corporate income tax (corporations pay on gross receipts only) and relatively low property and sales taxes.

FORBES: Tackling the Michigan Problem