Talk of The Villages Florida - View Single Post - BUT we will not fix our tax code...
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Old 05-12-2012, 04:31 PM
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Default Here's Where I Am

Quote:
Originally Posted by Bucco View Post
....Your response is one of the quick draw defenses on here by liberals...this is an example of problems with the tax code that must be fixed but you guys would much prefer the tax the rich....an so on instead of the real issue.
You have me confused, Bucco. Mine was a " liberal response"? Heck, it's been the GOP, the Tea Party, who have continually said not to tax the rich, the " job creators".

So here's a guy who was a key player in creating maybe the most popular social networking website in the world. He really did create lots of jobs at Facebook and the other networking support companies associated with Facebook. Now he's part of the ownership taking the company public. He's "cashing out". And he's availed himself of legal steps to avoid paying taxes on his wealth.

So now you're being critical of the tax code that permits this? The same tax code that the liberals want to change so that guys like this pay a chunk of their capital gains in taxes. That same code that the GOP is so adamant not to change?

I'm lost as to where you're coming from...what changes you're proposing...which political ideology you're supporting?

I'll tell you where I'm coming from...
  • The wealthiest Americans should pay more taxes on their income. The tax code should be modified to achieve that.
  • Real job creators should be rewarded with a more favorable tax code. That might mean that foreign earnings of U.S. companies should be taxed, quite heavily if their profits generate from foreign operations that could have been done here. Employers who really do create jobs and economic activity within the U.S should be rewarded with more favorable tax treatment.
  • Unnecessary and unjustified tax loopholes and benefits placed in the current code as the result of lobbying should be eliminated. That means some companies and whole industries will be required to pay more in taxes. They might include the one-third of the Fortune 500 who pay no taxes now, the sugar beet farmers, the corn growers growing corn only to make unneeded propane, most if not all of the agricultural subsidies, and on and on.
The changes I woukd embrace would tax those who can afford to pay more to pay for our government, and at he same time create a tax system that woukd encourage investment, employment and increased economic activity here in the U.S.

That's where I'm coming from, Bucco. But honestly, I'm still lost as to what changes in the tax code you recommend...or which of our political parties you might support to make changes?