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

To: JDN who wrote (742545)	6/13/2006 6:54:53 PM
From: DuckTapeSunroof	Respond to of 769667

Re: "I can live with that position, (a high floor)" So can I --- just so long as the rate itself is not too high.... "but dont kid yourself that the super rich will ever pay any meaningful Estate tax" I'm not. I agree with you on that one. PLENTY of opportunities for the 'super rich' to use our massively over-complex and corrupted tax codes to 'game the system' to their own benefit. And, hey... there is no law that says someone has to pay more taxes then they are legally required to.... The FAULT lives with the loopholes and complexities and corruption that has been layered upon the tax codes --- not with anyone who simply does the reasonable thing and uses those loopholes for their own benefit. (After all: that's what the special preference items are there for....) Only a MASSIVE simplification of the system, with an associated MASSIVE elimination of loopholes and special provisions, and an appropriately LOWER tax rate (or rates...) can ever increase voluntary compliance... and eliminate the allure of complicated tax avoidance structures.