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To: Don Lloyd who wrote (94303)	4/15/2001 1:21:26 PM
From: benwood	Read Replies (1) \| Respond to of 436258

My point is that the billions of dollars of reduced taxes have been a significant advantage they've enjoyed compared to many other companies who have not been so aggressive, and also by paying employees substantially in that manner, they've boosted the earnings per share not only by reducing their taxes but by reducing their payroll. A repid-growth company advantage which is disappearing for them as they've gotten so large and the bubble has leaked. And I agree that it's peculiar that IRS can tax compensation; I'd never connected that dot before (assuming I'm correcting the right dot now that is...). Re: no corporate tax, what you you recommend in it's place? Nothing? I'd be curious as to how such a system would work, ultimately, and who (i.e. wealthy, middle classes, etc.) would benefit the most.