That's American style capitalism:
The richer you are, the richer you get. The poorer you are, the poorer you get.
Banks, the stock market, real estate... all have ROI and paybacks that only the super wealthy can ever get, becauase they're the only ones who can afford the upfront investment. The poor can never get an interest rate as high as the rich; thus, the gap between the two will forever grow wider.
People like @1 are smug, self-serving motherfuckers who pat themselves on the back for their greed and take pride in the passage of laws - by the rich, for the rich - that rape the poor.
Bush the second had that cattle ranch as a massive tax write off. Bullshit agricultural ventures (usually ranches, because they're manly I guess) are another common and very visible tax loophole exploited by the rich. He didn't go to any trouble to hide that one, because no one voting for him would hold paying the absolute least amount of taxes possible against him. And they won't hold this against Romney.
It is probably time in this country to exercise the separation of church and state by having organized religion be free market and not tax exempt. There is an awful lot of real estate and investments in church hands that we are all subsidizing by providing government services at no charge.
but it is difficult to match the smugness of the 47% that pays ZERO Federal Income Taxes but clamors for Tax "Fairness"; meaning that the half that pays taxes must pay MORE......
@6
"He has no intention of really doing away with them."
Ditto.
He won't release his tax returns so that the public can SEE how much money can be sheltered.
He certainly won't close any of the loopholes he is using.
I'd expect more loopholes as he tries to move more money through the generations of his family.
Meanwhile, I really hope this becomes a non-issue in a week.
The richer you are, the richer you get. The poorer you are, the poorer you get.
Banks, the stock market, real estate... all have ROI and paybacks that only the super wealthy can ever get, becauase they're the only ones who can afford the upfront investment. The poor can never get an interest rate as high as the rich; thus, the gap between the two will forever grow wider.
People like @1 are smug, self-serving motherfuckers who pat themselves on the back for their greed and take pride in the passage of laws - by the rich, for the rich - that rape the poor.
3
oh, we try...
but it is difficult to match the smugness of the 47% that pays ZERO Federal Income Taxes but clamors for Tax "Fairness"; meaning that the half that pays taxes must pay MORE......
"He has no intention of really doing away with them."
Ditto.
He won't release his tax returns so that the public can SEE how much money can be sheltered.
He certainly won't close any of the loopholes he is using.
I'd expect more loopholes as he tries to move more money through the generations of his family.
As is @9.