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

To: bentway who wrote (370150)2/6/2008 10:19:46 AM
From: Elroy  Read Replies (2) | Respond to of 1584252
 
Yeah, but I'd like to see it greatly simplified, and made even more progressive, with more rates that step higher the more you make. Remove all the exemptions and tax breaks.

All exemptions? Are you sure? An American that lives in London permanently working for Merrill Lynch, paying English taxes (I don't know, say 35%), also has to pay full US taxes (another 30%)?

US citizens who lives outside the US can deduct taxes they pay to their country of residence from their US tax burden. You'd remove that?



To: bentway who wrote (370150)2/6/2008 10:20:12 AM
From: Jim McMannis  Respond to of 1584252
 
Steve Forbes' plan is the best I've seen yet. Exemptions are like pork. They taste good to those who get it. Congress is never going to give up the power of manipulating the tax code as they see fit.

Taking exemptions away is like finding out who doesn't have their bathing suit on when the tide goes out.



To: bentway who wrote (370150)2/6/2008 11:38:09 AM
From: longnshort  Read Replies (2) | Respond to of 1584252
 
Why don't we just shoot rich people


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