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To: Jim McMannis who wrote (57165)	10/9/2000 3:20:27 PM
From: Scumbria	Respond to of 93625

Jim, We had this discussion last week on the AMD thread: Message #125410 from Jim McMannis at Oct 5, 2000 5:53 PM Smart rich people in this country don't pay much in the way of taxes. That's an urban legend. 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 Message 14523067 Can you now guess which company I was referring to? Scumbria