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 : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (62366)	11/8/2002 8:04:26 AM
From: chaz	Respond to of 77400

Well, that could lead to a batch of creative consumer write-offs. Maybe an off-the-books partnership with my kids. Reminds me of a true story. James S. MacDonnell (MacDonnell Aircraft) had a rule for the executive dining room...no one making less than $10,000 (1946) could use it. There were a lot of people who couldn't get that last $1 raise because of it. The rule got "busted" when the $10,000 guys, my dad among them, brought along their $9,999 buddies as "guests."

To: RetiredNow who wrote (62366)	11/8/2002 9:30:13 AM
From: TigerPaw	Respond to of 77400

or less ... and above Many of the critisisms of progressive tax rates were based on the anomolies in the derivative at step function boundaries. (They would argue that the singe dollar that separated $999,999 from $1,000,000 was taxed at 8 gazillion percent or some such nonsense and then claim this was the top effective tax rate). Now with calculators and turbo tax I think a continuous non-linear percentage function can pretty easily be used. The shape of the curve would define the degree of progressiveness and it would be asymtotic to the top rate. TP TP