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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: H-Man who wrote (176146)	8/30/2001 3:42:03 PM
From: ColtonGang	Read Replies (2) \| Respond to of 769667

Know your facts first......The Tax Man Don't Cometh Loopy for Loopholes Between 1996 and 1998, corporate profits ballooned 23.3%, but the amount they paid in taxes rose only 7.7%. What's more, many companies hired tax lawyers to help them find ways to cheat their way out of the tax system and even cajoling Uncle Sam to give them tax credits. Unbelievable. Now that they've bought the presidency (note the car-and-oil-related companies below), their effective tax rates will probably fall still lower. Company Profits made between 1996 and 1998 Total taxes paid (minus sign means taxes given back in credits) Goodyear $657 million -$65 million Texaco $3.5 billion -$304 million Ryder $489 million -$30 million El Paso Energy $818 million -$36 million MedPartners $184 million -$4 million Tenneco $731 million -$14 million Colgate-Palmolive $777 million -$14 million MCI WorldCom $3.6 billion -$61 million Kmart $978 million -$2 million Enron $816 million $2 million

To: H-Man who wrote (176146)	8/30/2001 3:44:53 PM
From: ColtonGang	Read Replies (4) \| Respond to of 769667

Exercises for the Republican reader: Write a rebuttal justifying the corporate subsidy of your choice, respecting the conservative principle that the tax system cannot be used for social engineering. Write a homily, suitable for use in Sunday school, explaining why Jesus should have condemned the sheep who demeaned the poor by feeding and clothing them, and blessed the rich man for living in splendor while Lazarus suffered. Take your favorite flat tax proposal and your last 1040, and have your acountant calculate how much money it will save you. Find the names of the five or six middle-class people who will have to make up that shortfall, and write them a nice thank-you note. Compare the GNP with the rate of taxation over the last fifty years-- e.g. the boom years of the '50s with their 90% marginal tax rate-- and practice explaining that high tax rates discourage investment until you can do it with a straight face.