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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (164456)3/16/2003 11:12:02 PM
From: TimF   of 1575981
 
And its the most important of all of Bush's tax cuts.

I'm not sure about that but even if it is true it would only be the most important one, out of a whole bunch. The rest would be more important. To me the most important one is the reduced tax rates. I wish he would go further with this but considering the deficit situation I can see why he does not.

You honestly think the non rich own enough stock that the lack of a dividend tax will make a big difference?

A lot of non rich own enough stock that it will make a difference. But more important then the direct difference is the indirect benefits to the whole economy.

Tim, if God came down and told you that you were wrong, you would still disagree.

I don't disagree with Buffet's statement of fact. But the case isn't that simple. He isn't considering the fact that he is already paying taxes on the income of the companies he owns through corporate tax. If Bush's tax cut was structured differently and gave the tax break to the company instead of to the investor then the practicaly effect would be almost identical but there would be no way Buffet could claim that he pays a lower % of income tax. I think it might be better to give the tax break to the company, just like they get a tax break on debt financing but it might be harder politically to get it passed so I can see why Bush didn't go this way.

Tim
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