Reply #6: Interesting. [View All]

[chill_wind]

"Another member of the network is Arul Menezes, who came to the U.S. as a graduate student with $250 and earned his wealth over the past 20 years at Microsoft. Investments made decades ago created the universities and research systems that helped him succeed, he said.

Menezes said that while the tax cuts have saved him more than $20,000 a year, he worries about the long-term impact.

"The tax cut was paid for entirely with borrowing," he said, while funding for schools, roads and research was cut. With a deficit of about $1.5 trillion, "that's just robbing the bank."

Menezes said he has stepped up his charitable giving. But that won't have the same effect as reworking the tax system, he said.

'It embarrasses me to go into a grocery store and know that the person at the checkout stand is paying a higher tax rate than I am,' he said."