OrionTheWolf
Posts: 7803
Joined: 10/11/2006 Status: offline
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"The top tax bracket for U.S. corporations stands at 35 percent, one of the highest rates in the world. So how is it possible that a giant of American business, General Electric, paid nothing in federal taxes last year, even as it made billions in profit? " This particular tax break, known as the carried-interest loophole, allows hedge fund managers to treat the money they receive from investors as capital gains, subject to a 15 percent tax rate. This is just two, I can keep doing a search and finding more if need be. quote:
ORIGINAL: willbeurdaddy quote:
ORIGINAL: Iamsemisweet Willbeur, the point is, when Raygun talked about eliminating tax loopholes for the "truly wealthy" to get them to pay their fair share, the right considered that pure genius. Even the junior high class old Ronnie was talking to knew that it was fundamentally unfair for a "millionaire" to pay nothing, while a bus driver paid 10%. Obama says the same thing, because the situation really has not changed (except you can replace "millionaires" with the word "billionaires") and he is stifling job creation and racing the country head long to socialism. Astounding. Tazzy, thanks for the information, but he will always be Raygun to me, I hated the motherfucker, may he rot in hell forever. However, I will make you a deal. You get the right wingers on here (don't know if you are one or not) to uses "Obama" not "Obummer, or Odumma, or whatever variation on the name they think is clever that day, and I will forever refer to Raygun as "Reagan" on these boards. K? K. I don't know why the hypocrisy on the right continues to astonish me, but it does. The difference is there are no longer any significant loopholes, theyve already been closed. Whats left is tax preferences such as the mortgage deduction and capital gains, items that benefit far more than the wealthy.
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When speaking of slaves people always tend to ignore this definition "One who is abjectly subservient to a specified person or influence."
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