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To: woodbeez

The Status Quo Lover crowd will tell you that only C-corporations pay taxes and that those are "minor" and that no other business can have cascading tax costs.

Obviously, none of that is correct, but they'll keep right on insisting it is so (and citing their own businesses, conveniently, as "proof").

The cascading effect of embedded tax costs continues as even a simple example has shown and the build-up effect mounts up rapidly. None of these guys can admit that this occurs as it destroys their argument.

Also note that in his letter to Linder the poster fails to figure in the effects of the prebate which ALSO helps the wage-earners ... and all others. All-in-all a very poorly-reasoned letter and I would be surprised if they even bothered to answer the allegations he makes, many of which are grossly in error.


19 posted on 08/22/2005 8:12:25 PM PDT by pigdog
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To: pigdog
Also note that in his letter to Linder the poster fails to figure in the effects of the prebate which ALSO helps the wage-earners

Yep, you're right, more FREE MONEY in this plan in case an increase of 25% in purchasing power isn't enough of a giveaway. There are so many problems with this pollyanna plan that I couldn't fit them all into one letter.

They probably won't respond but maybe one or both of them will think about what they are claiming and realize they need to tone back their promises.

26 posted on 08/22/2005 8:42:17 PM PDT by RobFromGa (Afghanistan, Iraq, Iran-- what are we waiting for?)
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