SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Joe NYC who wrote (106035)4/16/2000 3:45:00 PM
From: TimF  Respond to of 1572259
 
OT

RE:Tim,

I would prefer lower rates with almost no deductions or credits. Maybe a flat tax, with total income times x % = your tax bill.

We were reasonably close in 1986 to that kind of system, but the politicians can't help themselves. They like the corrupt system
of high tax rates, and a system of trading deductions and exceptions to rules for campaign contribution, votes or personal
freebies.

Joe

Its unfortunate. The price we pay for all of this is less economic efficiency in the US combined with some loss of personal freedom and a lot more work at tax time.

Tim