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.

Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (9952)	6/11/2001 5:50:54 PM
From: Sun Tzu	Respond to of 10921

Jerome, I am not sure if you meant this tongue in cheek or not. Just in case, here we go: The CPA and accountants would still be needed. Contrary to popular belief, the biggest portion of their job is not to calculate taxes, but to bring to light how your money is being spent and if it is being spent effeciently. There is also the matter of paying salaries and figuring out who you owe money to and who owes you. Tax courts would still be needed as I suspect the people who end up getting those fat paychecks from the tax liberated corporations will not be any more likely to pay it than the corporations they own <g> Ditto for IRS Lobbiests and what not...who cares! Interest rate changes would actually be more effective than they are now. Purchasing decisions are made based on incremental costs rather than absolute numbers. Whether a corporation interest payment or a personal mortgage, if I have more money in my pockets I am more likely to spend more. At the present due to the corporate taxes, only a portion of the savings a company gains due to interest rate deductions will end up in the coffers and are therefore likely to be spent. But if there were no corporate taxes, all of those interest savings would be available for spending. cheers, ST