Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (107326)	6/7/2001 4:15:19 PM
From: Les H	Read Replies (1) \| Respond to of 436258

Go back and read it over again. The purpose is to arrive at the current effective income tax rates. If a given income bracket pays 50% of the taxes under the old system, then the objective is to maintain that same proportionality. Just as if you reduced the estate tax rate to the effective tax rate by eliminating trusts, foundations, etc. that are used as estate tax avoidance vehicles, the tax revenue generated would be the same as before. It's just that the Gates, Kennedys, Fords, Rockefellers, Vanderbilts, etc. would have been paying a larger portion of the taxes.