General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMaybe wishful thinking, May be getting ahead of of myself here, but what is the chance that Romney's
unpatriotic, likely criminal tax problem is so egregious as to finally cause a total tax crackdown on the rich, closing of loopholes, etc? I mean, closing the loopholes is about his only real idea. (I realize the loopholes he would close would likely be the exact opposite ones I am thinking of). But the more he flaps his lips about it, I could see our side agreeing with him on his apparent singular issue, and insisting on it. Also, as an aside, I am watching him blather on (on a plane, Ed show) about the capital gains already being taxed once at the 35% level, blah blah...big deal...There is NO double taxation. Corporate taxes are just that, corporate taxes. Any gains he made should, in fact, be taxed again as income. If he doesn't want it that way, then maybe he should dissolve the corporate structure, and just run his business out of his spare room, without the distinct and infinite advantages the corporate structure affords him. Corporations are people too, my ass...
Sherman A1
(38,958 posts)The more money you have from a variety of sources, the more you are able to play the shell game of hiding it and keeping it offshore as does Mittens. The Served Class will always find a way...
"Land of the free" will always mean the cool kids get to cut in line. It's been like that since 1776. Freedom isn't free, but some people do have to pay more for it than others.
Jim__
(14,077 posts)... against the wishes of their biggest contributors. What do you think the chances are?
Mopar151
(9,989 posts)Even for the Richie Riches. And it enables the whole hostile takeover./vampire capatilist mess, which has killed more good business than taxes ever could.
quaker bill
(8,224 posts)anyone earns or gains anywhere has already been taxed many times. When I sell my art at exhibits, the people who buy it are spending dollars that were already taxed when they got them, the sale itself is subject to a further 7% sales tax, and when I make a profit I pay income taxes on them, and when I go to my supplier and buy the stuff to make more, those sales are taxed, and the income the supplier gets is taxed again......
All dollars are taxed to oblivion, then new ones are made and pumped back into the system. All the dollars anyone gets are taxed an infinite number of times. The salaries of the workers Rmoney "likes to fire" are getting dollars from the same pile of money his capital gains come from, but ask him and he will not see their checks as "taxed already". "Double taxation" is a very self-serving myth these people believe in.
dawg
(10,624 posts)Lots of our darling Dems benefit from those loopholes, too. And people have a way of justifying things that save them money.
(We do have a chance, however, of getting rid of that carried interest loophole. That is what we should focus on.)
silvershadow
(10,336 posts)with the carried interest comments. That would certainly go a long way toward solving some of the unfairness. Therefore, it shall be...said no one, ever...lol