Memo from K. Rove:
It is wasteful to send rescuers to N. Orleans. We need a tax cut for
corporations
which will invest in the city and save lives.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
On 9/2/05, Michael Perelman wrote:
Memo from K. Rove:
It is wasteful to send rescuers to N. Orleans. We need a tax cut for
corporations
which will invest in the city and save lives.
how could they cut coporate taxes any more than they have already?
(in 1962, corporate tax revenues were
$1.6 billion? Do you mean just for L.A.?
how could they cut coporate taxes any more than they have already?
(in 1962, corporate tax revenues were 20.5 billion. In 2004, there
were 1.6 billion. That's nominal, non-inflation-corrected, dollars.
It's not corrected for the large rise in the size
Not to rub salt into the wound, for FY05 it took a big jump, though
probably a temporary one.
-Original Message-
From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Jim Devine
Sent: Friday, September 02, 2005 11:38 AM
To: PEN-L@SUS.CSUCHICO.EDU
Subject: Re: Tax Cuts to Rescue N.
On 9/2/05, Max Sawicky wrote:
Not to rub salt into the wound, for FY05 it took a big jump, though
probably a temporary one.
yeah, it's because profits surged.
That's clearly the result of the success of supply-side economics. If
Bush cut taxes for rich people and corporations once again,
The biggest piece of the surge was a depreciation break in second, 2002
tax cut bill. You take a bigger deduction for capital expenses sooner,
less later -- it just shifts taxes that would have been paid anyway from
2003-2004 to the current fiscal year. AT the same time, the PV of taxes
paid is
Also, the Fed pays a portion of the corp. tax bill, around 5%?
On Fri, Sep 02, 2005 at 01:45:40PM -0400, Max Sawicky wrote:
The biggest piece of the surge was a depreciation break in second, 2002
tax cut bill. You take a bigger deduction for capital expenses sooner,
less later -- it just
