billionaire. how does that not help him? it s going to help him. there s two things in particular about this tax plan that will help him. first of all, many his businesses are so-called pass through businesses. which means you have a business, you take money in, you take deductions and the remainder goes through your personal income tax. up until now you ve paid up to 39.6%. that s going to go gown to 25%. there are a lot of small businesses that have these pass through corporations. but the median income of those businesses tends to be in the doveral hundreds of thousands of ars. this is the one you were looking at here, stephanie. eliminated the alternative minimum tax. there are things that are wrong with the amt, but fundamentally eliminating it largely has an impact on people who are earning $200,000 to $1 million. there are people who make the argument at $250,000 if you live in manhattan, that s like earning $80,000 in cincinnati. and that s a valid argument to
accomplished, the highest and best use of his remaining years was to spend that money helping humanity. it was just a few months back, if your company ended in dot-com, it was a good thing. but at the end of this brutal week on wall street, a lot of analysts think the internet bubble is ready to burst and by this time next year, a huge number of those dot-coms might be dot-gone. a year ago, investors were so eager to buy into the internet they were happily ignoring traditional measures of success. sales, profits and growth. but reality has now set in. these upstarts didn t have any income. they were saying we are worth billions of dollars. where s your revenue? they didn t have any. when the venture capitalists stopped putting money in, you could time the bubble. you could say, you know, if we all believe this fantasy it works. if some of us stop believing, it s a prelude to its failure. most dot-com retail companies will be out of business by next year, eliminating 25,000 ou
humanity. it was just a few months back, if your company ended in dot-com it was a good thing. but at the end of this brutal week on wall street, a lot of analysts think the internet bubble is ready to burst and by this time next year, a huge number of those dot-coms might be dot gone. a year ago, investors were so eager to buy into the internet they were happily ignoring traditional measures of success. sales, profits and growth. but reality has now set in. these upstarts didn t have any income. they were saying we are worth billions of dollars. where s your revenue? they didn t have any. when the venture capitalists stopped putting money in, you could time the bubble. you could say you know, if we all believe this fantasy it works. if some of us stop believing, it s a prelude to its failure. most dot-com retail companies will be out of business by next year, eliminating 25,000 out of 30,000 internet companies.
sales, profits and growth. but reality has now set in. these upstarts didn t have any income. they were saying we are worth billions of dollars. where s revenue? they didn t have any. when the venture capitalists stopped putting money in, you could time the bubble. you could say you know, if we all believe this fantasy it works. if some of us stop believing, it s a prelude to its failure. most dot-com retail companies will be out of business by next year, eliminating 25,000 out of 30,000 internet companies. what sort of message do you have for all of us as we look at what s happening to the dot-com businesses and the stock market? don t invest in dot-coms. the internet opened up a lot of things for people. it made things easier for people and that didn t change. bubble or no bubble. with more than one billion web pages out there, millions of web sites out there on the
accomplished, the highest and best use of his remaining years was to spend that money helping humanity. it was just a few months back, if your company ended in dot-com it was a good thing. but at the end of this brutal week on wall street, a lot of analysts think the internet bubble is ready to burst and by this time next year, a huge number of those dot-coms might be dot gone. a year ago, investors were so eager to buy into the internet they were happily ignoring traditional measures of success. sales, profits and growth. but reality has now set in. these upstarts didn t have any income. they were saying we are worth billions of dollars. where s revenue? they didn t have any. when the venture capitalists stopped putting money in, you could time the bubble. you could say you know, if we all believe this fantasy it works. if some of us stop believing, it s a prelude to its failure. most dot-com retail companies