[Isara]

Talking about fairness, this is another example of well-thought-out plans from this administration for all people.

[ladtx]

I'm not a financial guy but this sounds brilliant to me.
Watch the Dems demagogue it tho'. "Money for the wealthy."

[goodnesswins]

Woooo Hooooo.....I just LOOOOVE THIS President and his Administration! I think this will be HARD to demagogue....because it's money plowed back into a corporation....and ONLY when stock is SOLD is it accounted for.

[upchuck]

I'm very glad to hear about this. It got little mention in the lamestream press. Probably because they figure it's too sophisticated for Joe Sixpack to understand. But they underestimate Joe.

Although this will undoubtedly help the economy, it does add another layer of complexity to the tax laws. Here's what we really need.

[bert]

W the giant killer has with one swipe of the sword eliminated dividends and Capital gains penalties for small corporations......

The Rats are being slayed in their holes.

Hows that for a mixed metaphor.

[Madcelt]

thank you for posting. This has answered some of the questions I have had. I'm still learning more about 401K plans and my own retirement-health insurance plans. (Which I invest in the company I work for. "Gotta believe in em")Granted I'm still in the dark on the workings and so forth but I will eventually get there.

[bvw]

This distribution account is bad. Eliminate corporation taxes. Period. You want ALL companies to pay dividends, as they can. It keeps the ledgers honest. This little gimmick is a big invitation to all sorts of cheats and liars. I con't even begin to plumb the schemes it will generate -- deep sh!t!

[ancient_geezer]

Talking about fairness, this is another example of well-thought-out plans from this administration for all people.

I can think better ways to tax, why bother with an "income" based tax at all. Income based taxes are intrinsically unfair in that they target the contribution of citizens to the nation as opposed the benefit derived from the nation.

Thomas Hobbes from Leviathan

• It is fairer to tax people on what they extract from the economy, as roughly measured by their consumption, than to tax them on what they produce for the economy, as roughly measured by their income

 

John Linder (R Texas) offers a comprehensive bill to kill all income and payroll taxes outright, and provide a revenue neutral replacement based soley on consumption:

H.R.2525
SPONSOR: Rep Linder, John (introduced 07/17/2001)
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.
Refer: http://www.fairtax.org & http://www.salestax.org

[Taxman]

YUP! A shrewd move, indeed.

Wait'll "W" proposes to eliminate the "Death Tax" in its entirety. And sooner than 2010.

Cannardly wait to see the Liberal/Socialist/Marxist Bastards bloviate and froth at the mouth over this one.

Shoot, before he is done with his tax agenda, the US may, just may, mind you, have a brand new tax code, fit for a modern society in the 21st Century. Why, he might, !GASP! even replace the income tax with a National Retail Sales Tax and abolish the IRS!

Lets Roll, "W!" “I have sworn upon the altar of God eternal hostility against every form of tyranny over the mind of man.” [Thomas Jefferson, letter to Benjamin Rush, 1800.]

We will never be a truly FRee people so long as we have the income tax and the IRS.

Click here to help us scrap the Code, scrap the IRS and abolish the VLWC!

We will never be a truly FRee people so long as we have the income tax and the IRS.

You can also click here to sign a petition in support of Fundamental Tax Replacement.

We will never be a truly FRee people so long as we have the income tax and the IRS.

[bvw]

The reasons for this are simple: Job growth, new products and innovations come primarily from small, fast-growing companies - exactly the kind that don't pay dividends.

This is BS. Utter mentally incompetent BS. Companies don't pay dividends because dividends are taxed.

Now when that tax is removed from corporations, some bright and greedy grifters of CFOs, CEOs and propfessional corporation boosters such as marketeers and flacks will sell "Rosy Scenario" for a premium. It says we can invest your return better than you can. What does that nearly always come to mean? Think about it.

And remember NOTHING prevents an investor from buying more stock in that company with his dividend payment, or even from stopping the company from setting up an automatic dividend re-investment plan.

This, me mates, me buckos, is a robber's litte easter egg of a gift emplaced in a law.

***

And say, look at the "class warfare" all over the following justification for this theft:

If you give big companies an advantage over them, you kill off much of the economy's dynamism.

Big companies, big is bad, eh? Propaganda targeting the mentally weak wacko liberal set.

And it continues ... moe pitching that liberal wacky, "magical thinking" mindset:

But how can you continue to encourage those companies to do their wonderful economic magic and still make the tax code fairer?

[SJackson]

The accountants full employment act of 2003.

I hate to throw cold water on the idea, but the concept of indexing capital gains was dropped because of the complexity of doing the calculations over multiple periods of time. This proposal, which will substitute a multitude of "indexes" for a single one, will be completely unmanageable.

[friendly]

This is absolutely brilliant! The economy will skyrocket with new jobs and real growth.

Dubya is extraordinarily intelligent on many, many levels. The democrats are trapped by their own rhetoric and propaganda that this Harvard Graduate School of Business alumnus is some kind of hick moron.

I hope they remain self deluded, always to be outwitted like Wile E. Coyote by the Dubya Roadrunner. BEEP, BEEP!!!!