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To: Art Bechhoefer who wrote (19411)9/20/2001 8:54:25 AM
From: Terry Whitman  Read Replies (1) | Respond to of 52237
 
I think those are some excellent ideas. I especially like the interest payback of principle one.

What do you mean here- If no one pays capital gains (or all pay at the same low rate)- how would there be any loop holes? Isn't it simply making a differentiation between investment income and wages.

>I mean a rate substantially less than that for ordinary income and substantially less than income adjusted for inflation simply creates lots and lots of loopholes<

Regards,
TW