Stupid taxes




Bill White@ENRON
05/30/2000 04:52 PM
To: John Arnold/HOU/ECT@ECT
cc:  
Subject: IRS Beers

Remember we were trying to figure out the difference in return between tax 
free investment growth and annually-taxed investment growth?  Turns out that 
it is different, but over 5 years and a 10% growth rate, it doesn't amount to 
much more than the cost of our beer tab.  See attached.