Traffic for 2004 May 18

(1) Tue May 18 2004 01:16 PST Sumana: We really need to talk about taxes. Come to B-town this summer while I am doing my intern, since I will be even more prepared to discuss tax choices and consequences in the US system.

I initially was in favor of a progressive system. But I think that is because I don't really make much, so it favors me. The more I study it, the more it seems to hit the middle man I think. Because high-rollers have effectively placed all their income into captial gains investments and/or tax shelters (which are diminishing at least).

But enought of PFP tax planning. The interesting stuff is corporate tax. But that's a whole other can of worms.