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Originally Posted by Villages Kahuna
.....Having said that, I still think it's unconscionable that two-thirds of America's corporations don't pay any federal taxes while the IRS has come up with the Alternative Minimum Tax for individuals who were smart enough to have lots of income but have enough deductions and adjustments to avoid paying taxes. The individual can't escape. But because corporations hire lots of high-priced lobbyists to write bills and amendments for the Congress to pass, most can avoid paying any taxes at all.
There really is something wrong with that picture.
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What's wrong with the picture is Congresspersons who complain that there are potential sources of additional government revenue and they (the Congresspersons) want more Monopoly Money to play with. The IRS has a lousy job - Find a way to get $10 from a $5 source, because Congress wants to spend $10 (and more). When the American public finally tells its representatives that "this is all you get" and make the most of it, then many arcane projects will get axed so that those moneys can be spent elsewhere. Otherwise, the tab just gets larger and larger....