posted on Aug, 13 2012 @ 11:32 AM
Originally posted by MsAphrodite
reply to post by milominderbinder
Are you aware that there are different types of investments and that they are taxed at differing rates? Not everything is taxed at the same rate as
earned income. Do you have any idea how difficult it is to not pay any taxes? Do you understand how complicated our tax code is? Do you comprehend how
our current system incentivises global investors to put their money into off shore accounts? Do you understand that this is perfectly legal?
Here are a few links that if you read them will help you understand why the meme you are repeating is simply stupid.
It's not cheating. It's not shirking. It's not illegal. It sounds really ignorant to say otherwise.
Yes. I have an excellent grasp of the US taxation system. In fact, I used to work for a tax consulting company in the late 00's and am quite
familiar that as of January 1, 2009 there were approximately 11 million words in the US tax code.
That being said...what do variable tax rates on investments have to do with the logical incoherency of Romeny's "corporations are people...but I'm
not a business" stance? Not a damn thing...that's what.
Likewise...where did I ever mention that it's illegal for the spoiled brats of the obscenely wealthy to exploit loopholes in the tax code? In fact,
I find the very fact that these loopholes AREN'T illegal to be a big source of the problem.
As for how "hard it is" to pay zero dollars in taxes...it's not hard at all. All you need to do is pay a consulting company such as the one I used
to work for somewhere between $200,000-$1,000,000 bucks a year and they'll do it for you...at least 42% of the time with another 40% or so falling in
the 0-5% state and federal income tax bracket...NO MATTER HOW MUCH DAMN PROFIT THEY HAVE ON THE BOOKS.
The only people that find it hard to get out of paying taxes are all of us peasants who don't have an annual tax obligation greater than $1 million
buck per year which would justify the expenditure for the phalanx of tax attorney's to manipulate those 11 million words in the tax code for your
benefit and to the detriment of the entire country.