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


To: Bill who wrote (298006)9/18/2002 5:56:47 PM
From: Ish  Read Replies (1) | Respond to of 769670
 
<<The employees and Enron payroll dept paid a collective 40% in taxes. So Enron contributed over 25% of its sales to the government in the form of payroll taxes, a lot more than all the waitresses in America that year.>>

Is that more than flapjack paid?



To: Bill who wrote (298006)9/18/2002 6:25:07 PM
From: Mr. Whist  Read Replies (1) | Respond to of 769670
 
My chief concern is that every person and corporation in the United States pays his or its fair share. That ain't happening now, and the problem doesn't lie with the poor people of this country. If this only can be accomplished by a flat tax with no deductions of any kind, then I could possibly support such.

However, we both know that the present tax system will continue to get more complex, not less complex. (You ought to see how the IRS is expanding in Northern Kentucky.)

Eliminating mortgage deductions, charitable deductions (and private school vouchers too?) would also play hell with the social/religious fabric of America. Half the churches in America would go out of business in two years if we eliminated the charitable deduction, in my humble opinion.

Re: Enron and taxes: I wonder how much Lay and Skilling paid in personal income taxes those five years. I'll bet it was a dime on the dollar at most.



To: Bill who wrote (298006)9/18/2002 6:59:02 PM
From: Steve Dietrich  Respond to of 769670
 
<<Enron didn't pay income tax in those years because it had no income>>

Yet they consistently reported large and growing profits.

Interesting system.

Steve