jld@ulysses.UUCP (Jeff David) (08/01/86)
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