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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Fred Levine who wrote (67273)	1/7/2003 11:31:10 AM
From: zonder	Read Replies (1) \| Respond to of 70976

Sorry to point out the obvious but I am just too happy to live in a tax haven! <ggg> No taxes whatsoever... Fa fa fa!

To: Fred Levine who wrote (67273)	1/7/2003 11:35:22 AM
From: zonder	Read Replies (1) \| Respond to of 70976

Jokes aside, I can't understand what you mean here: Corporations, not being people, don't pay taxes --they collect them from people and transfer money to the Govt and shareholders (and many privileged executives). They collect money from customers. Corporations, then, are politically expedient dodges to collect money from PEOPLE. Income is taxed where it is earned (unless you live where I live, heh!). This does not change if the entity making the money is a corporation, a fund, or a person. If corporate taxes were eliminated, everybody would put up a company to their names and evade taxes.

To: Fred Levine who wrote (67273)	1/10/2003 1:21:12 AM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

Fred, Let me see if I understand your position. You seem to be against corporate taxes, but are in favor of capital gains, inheritance taxes and progressive income taxes. Where do you stand on sales taxes and excise taxes (e.g. tobacco, alcohol, gasoline)? What would you think about a value added tax on consumption, rather than taxing income and capital gains? Some might say that the consumer is the last bastion of the economy, and we should do everything we can to stimulate rather than tax consumption. But the burden of taxation must fall somewhere if we are to pay for essential governmental services. VAT may be one of the easiest taxes to collect while not creating harmful dislocations in the economy. Perhaps our friend in Monaco will tell us how they pay the police if there are no taxes whatsoever. I assume they have the usual 20% VAT for most items. Sam