Quote:
Originally Posted by eweissenbach
Are there people on food stamps and other forms of welfare who job the system? Absolutely! Are there millionaires and billionaires who benefit from tax loopholes, offshore accounts, subsidies, and other government gifts? Absolutely! It seems to be the nature of many people to take whatever they can get, no matter what their economic status. By the way, which of the two categories I mention cost the American system the most?
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I cannot answer the last question but I'm sure the answer is out there somewhere. I am in agreement with the poster who wrote that this poster (eweissenbach) has been the fairest and most impartial commenter on this thread. My compliments to your parents who must have raised you with such values!
Of course a "tax loophole" is part of the tax code. That's why it's called a tax loophole. (Duh.) The question should be how and when these loopholes became part of our tax law. There are people who are quick to criticize those on the lower end like food stamps and (hope I get this name right) earned income credit. However, they completely ignore the point made that the wealthy (using the $250,000/year guideline) pay a lower tax rate percentage-wise and even at times dollar-wise than the middle class, an economic status which has made great strides toward disappearing, with goodness knows how many decent American jobs having been sent overseas--the greed factor mentioned earlier.
I received a tax cut in the early part of this century on my comfortable income that netted me just about $10/month. There were others who received disproportionately enormous tax cuts. Yes, this became tax law, but is there any decency, morality, or validity to it?
I am grateful to my working class parents who raised me with the values I have today. I have been fortunate in having been way more successful financially than they were (a goal of parents that in the last quarter century has been disappearing). My parents would spin in their graves if my successes resulted in my losing these values, in effect for "thirty pieces of silver"!