Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Scumbria who wrote (125397)	10/5/2000 5:53:05 PM
From: Jim McMannis	Read Replies (1) of 1570747

RE:"No it isn't. I know a number of wealthy people who shelter their money in trusts and foundations. One very large SV company provides their employees a simple and very effective tax shelter strategy through stock options donated to a local "foundation"." Amazing, I guess only poor people pay taxes? Last I heard, the top 10% pay 90% of the taxes. OTOH, I would like to see the tax code dismantled and some kind of flat tax invoked and all these tax deferment plans "aka foundations" thrown overboard. The CPAs and Tax attorneys, big givers to the DNC, love it though. Why is that? Jim

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