> Fiction and the Tax Cut > > A personal anecdote. I saw my accountant on Thursday (needed an extension because I > was traveling too much in March and April to see him). He is a rich guy because he > provides an excellent and honest service to a clientle of people like me; physicians > making very good living. (by any criteria floated in the press I am wealthy. Now I > don't feel that way and I don't live too extravagantly - one car,a Volvo, a nice > apartment on a side street on the Westside of Manhattan, no doorman, but I can do > most things I want without worrying about money as long as I don't go crazy. My > accountant is higher up on the food chain but we since we have kids in private > school in New York we do have some contact with true wealth.). He looked at me and > said that my taxes would be significantly less with the cut. So would his. I didn't > smile and neither did he. In part because we both felt it was somehow wrong, but all > sense of fairness aside, if the economy does poorly as I think it must the tax cut > will be a pyric victory. My investments and retirement funds have already lost more > than any tax cut could compensate for and I think things will only get worse.
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