Tax Bill

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1 total messages Started by Jeff David Fri, 01 Aug 1986 17:55

#939

Author: Jeff David
Date: Fri, 01 Aug 1986 17:55

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The August 4 issue of Fortune has an excellent discourse concerning what
is wrong with the new tax bill.  It hits the Big 4 issues, namely

		1)  The hidden 32% bracket in the Senate bill
		2)  The delay of the rate cuts 6 months after killing
		    the deductions
		3)  Killing IRA's
		4)  Pointing out that the small investor takes a much
		    bigger hit on LT Capital Gains than the rich.

The article also waxes philosophically about depreciation/corporate minimum
tax and loopholes that remain in the law.  This is recommended reading.

					Jeff David

P.S. It is on page 150 of this issue

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