EFTA02498685.pdf

From: jeffrey E. <[email protected]> Sent: Wednesday, June 10, 2015 8:46 PM To: Noam Chomsky Subject: Re: ALT MIN , not in literatue AHH now a subject that is easy. =AO economic theories can be studied ad nauseum they need to in=lude time energy, doesn't help the the people that you an I care abou=. . one way to read yours statement is that lower mortga=e interest deductions meant LESS benefit to the wealthy. its a deduc=ion! . he writes about england and the us. two dif=erent currencies. inflation in one deflation in the other. =AO arguments framed in percentages are an axe on the poor and=a distraction to the rich. in my example with cooks analysis,=C2 less money available for food stamps. I read ken arrows wo=k. Larry summers uncle. . he suugests that to make a dif=erence a large lump needs to be given to the bottom , not dripped out over=time. interesting view <=1" On Wed, Jun 10, 2015 at 2:17 PM, Noam Chomsky=c > wrote: Interesting, but now we're ge=ting into really tricky calculations. To take an example recen=ly discussed by economist Tom Clark, costs of essentials "that weigh especially heavily in the budgets of poorer families" have r=sen sharply, while mortgage interest payments ("that greatest of m=ddle class costs") have fallen. He estimates that inflation =as been between one third and one half higher for the poor since the crash. And that's the bare beginning, and of course not =onsidering the huge sums like the subsidies to energy corporations, etc. From: jeffrey E. [mailto:[email protected] Sent: Tuesday, June 09, 2015 10:52 AM To: Noam Chomsky Subject: ALT MIN , not in literatue alt min tax =A tax calculation that adds certain t=x preference items back into adjusted gross income. how to fin= the distribution you asked needs to take into account the following=example. Mr P and Mr R. R has a =uge home , and deducts 30k of interest ( max) on his return. . ( tax savings a@=0 percent rate, 10k). his deduction however is added back into gros= income under the alt minimum . increase by 30k @tax rate of 4= ( 12 k ) net 2k more in tax. 12k - 10k . state and federal included. , Mr P given 2k in earned income c=edit, and food stamps. on a sliding scale. payment . plus 2k.=C2 . Mr R , had in his mind that he was getting 30k help from gov= so he hired Mr P to do his landscape. . The bank that lent the mort=age to MR P . shows a mix of low risk and medium risk loans. havin= Mr Ron its books allows it to make the more risky home loan to Mr P. =AO The value of all the homes in the neighborhood increase as a resu=t of the well done landscape on MR s house, and the value of Mr Ps house rises along side of it. I can go on=and on . Mr Ps children are happier. please no=e EFTA_R1_01624336 EFTA02498685  The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please =ote The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to [email protected] <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved 2 EFTA_R1_01624337 EFTA02498686