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

To: Kenneth E. Phillipps who wrote (524613)	1/15/2004 3:57:21 PM
From: Bill	Respond to of 769670

That gets you 2%. You got a long way to go.

To: Kenneth E. Phillipps who wrote (524613)	1/15/2004 4:10:59 PM
From: DuckTapeSunroof	Respond to of 769670

Hell, Ken. You are under-estimating the size of the problem. There is NO NEED to 'raise the tax rates' on ANYONE --- if you eliminate the loopholes and 'special tax preference items'. If you eliminated the loopholes and corporate welfare payments, you could even drastically lower tax rates (which I'm for), or move to a lower rate flat tax (which I'm also for) and you'd still have far more revenue raised. For example: US multinationals have a nominal tax rate of 35% on foreign-earned income when they repatriate it to the US... but because of the MULTITUDE of special interest loopholes (most of which the middle class would absolutely KILL for) the EFFECTIVE RATE PAID IS LESS THAN 3% --- perhaps far less. Some studies actually put it at less than ZERO.