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To: Greg h2o who wrote (30091)3/7/2001 11:47:42 AM
From: James Calladine  Respond to of 42804
 
NOT ABOUT WELFARE, GOVERNMENT, POLITICS:

Isn't it nice (though very painful) that the COMPANIES are
warning, and coming up with their OWN prospects, FREQUENTLY,
and the prognostications of analysts are becoming less and less relevant?

Best wishes,
Jim



To: Greg h2o who wrote (30091)3/7/2001 11:54:32 AM
From: kvkkc1  Read Replies (1) | Respond to of 42804
 
Just to add in, the "corporate welfare" provides enhancements to the nation in the form of better products and services. Public welfare provides funds for many of the illicit activities that go on in our urban and poor rural areas. I can recall growing up and watching women sell their food stamps at the liquor store dimes for dollars.knc



To: Greg h2o who wrote (30091)3/7/2001 4:29:59 PM
From: Dee Jay  Read Replies (1) | Respond to of 42804
 
and the AMT was invented and passed by Congress because... ??? Even now most people with very high incomes have ways of sheltering a large part of their income, as you must know yourself since you're pretty astute.

The graduated income tax has been standard American tax policy since the income tax went into effect as the fairest method of financing the cost of programs (call lthat government). No one likes to pay taxes and as Justice Learned Hand said it is no crime to order one's affairs in such a way as to minimize the tax bite. Of course he meant legal ways of doing so.

If you took 10% of those incomes not now taxed and removed 10% of the sheltered income, what do you think would be the higher amount obtained by the govt.? (it's really moot because the power structure determines who gets taxed, whether you or I like the result or not). Check out what Bill Gates Sr. has said about the so-called Death Tax.

Dee Jay