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.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (164441)	3/16/2003 7:14:55 PM
From: SilentZ	Read Replies (2) \| Respond to of 1574273

>2 - Even the dividend tax cut helps the non rich because, people who are not rich own stocks as well and because lower taxes on investments increase the after tax returns from investments and so encourage more investment and growth. Yeah, but how many "non-rich" own enough dividend-paying stock that it really matters? -Z

To: TimF who wrote (164441)	3/16/2003 9:16:38 PM
From: tejek	Read Replies (3) \| Respond to of 1574273

1 - This is about the dividend tax cut not all of the tax cuts. And its the most important of all of Bush's tax cuts. 2 - Even the dividend tax cut helps the non rich because, people who are not rich own stocks as well and because lower taxes on investments increase the after tax returns from investments and so encourage more investment and growth. You honestly think the non rich own enough stock that the lack of a dividend tax will make a big difference? That's why the GOP can not be the party of the working class......they are out of touch. Getting rid of the dividend tax, the centerpiece of Bush's $726 billion tax-cut proposal, would slice the Berkshire Hathaway chairman's annual federal tax bill by $300 million, and Buffet said that would mean he would pay proportionately less in taxes than his secretary, according to lawmakers at the meeting. Your dealing with a sample of only two people. Also it can be reasonably argued that Buffet is wrong about this even in his own case. He owns companies or parts of companies and is already paying taxes through the corporate tax. Tim, if God came down and told you that you were wrong, you would still disagree. I've made my point.......I'm done. ted