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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 155.15+2.1%Nov 26 3:59 PM EST
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To: Sun Tzu who wrote (9951)6/11/2001 5:03:13 PM
From: Jerome  Read Replies (1) of 10921
 
For what it's worth, I don't think corporations should pay taxes

Sun, you just gotta' start thinking these things through. If Corporations paid no taxes then.....

l) 150,000 CPA's would wind up unemployed

2) 800,000 Accountants would not be needed

30 15 tax courts would have to be abolished

4) 22,106 IRS agents would take early retirement

5) 2,617 Lobbiests would have to look for gainful employment....and

6)147 restaurants in DC would have to close....and

7)Liquor sales would drop off in DC as the last three Martini Lunch was sent to the Smithsonian and

Greenspan could not save this downward spiral no matter how many interest rate cuts he threw at it.

I could name more consequences of abolishing corporate taxes, but I don't want this heretical idea to go any farther than this rarely visited site.

Regards, Jerome
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