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

To: DuckTapeSunroof who wrote (707467)	10/17/2005 2:54:44 PM
From: Peter Dierks	Read Replies (1) \| Respond to of 769670

Interesting post. It acknowledges that it is proposing double taxation. "These changes would equalize and cut the combined top income and payroll tax rates on wages, dividends, interest, and small business income to just under 30 percent," 27% for untaxed income over $90,000 ($180,000) married, while keeping a maximum rate of 27.75% (100 x .85 x .85) on passed through corporate income. Thanks for posting your proposal for double taxation of income. At least this one establishes a similar tax rate for the double taxation. Your previous proposals appeared to tax corporate income at the same rate for the corporation and for the distribution. I would pay the .75% premium for implicit in this proposal. It is worthy of note that it includes a penalty double tax on distributed corporate income that does not exceed $90/$180K level.