Friday, May 13, 2011

Colorado Farmer Tom Cruise...

This article, in a nutshell, explains where the argument on taxes really stands:

"Unsurprisingly, many very influential people jumped at the chance to exploit this obvious flaw in the state’s tax code. In addition to Tom Cruise, the Denver Post reported that Kurt Russell, Goldie Hawn, a state senator, the state’s treasurer, an energy industry billionaire, a media mogul, and the chairman of Discovery Communications all benefited from this loophole. Countless other well-off of landowners in Colorado undoubtedly benefited as well."

I'm guessing these individuals could exploit this loophole because they had lawyers that could find these loopholes and had land that they owned themselves.

This is why the tax debate is between two sides arguing about things that are generally irrelevant. The greater issue isn't rates or deductions. Show me someone on food stamps that knows how to find these kinds of loopholes?

That's where the libertarian free market has left people. If you have money, you can afford to hire a team of people to do the dirty leg work for you. If you have no money, you need to do the dirty leg work on your own in your spare time between earning a living to support your family, often times with multiple jobs and/or 60-hour work weeks, and paying the bills to keep the roof over the family's head and the food on the dinner table.

In a way, these people at the top are job creators. The problem is they only create jobs for lawyers that can get them out of paying taxes. The so-called job creation pretty much ends right there. This is something people on the Left and the Right should be ashamed of.

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