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You are tossing around silly catch phrases, which makes me doubt that you even know what you are talking about.
A loophole is any tax deduction, so when you claim your standard deduction - hello loophole!!
Define corporate welfare.
No, that is not a loophole. That is tax policy. I will note again. A loophole is something that happens that was not intended or not forseen. A tax deduction is an intentional act by those writing the tax code.
No, that is not a loophole. That is tax policy. I will note again. A loophole is something that happens that was not intended or not forseen. A tax deduction is an intentional act by those writing the tax code.
Like preferred tax treatment for stock options or is that a loophole because rich people use it?
how about corporate welfare and bailouts - that's also undemocratic.
So why do they continue to exist?
Corporate welfare should be reigned-in. Why does it exist? Corporations donate a lot of money and provide lots of perks for members of Congress and state legislatures.
No, that is not a loophole. That is tax policy. I will note again. A loophole is something that happens that was not intended or not forseen. A tax deduction is an intentional act by those writing the tax code.
Depends on who is using the term, I've heard demagogues like the president say we need to end "tax loopholes," and then he describes legitimate tax deductions. One person's tax deduction is another person's loophole. If the Preezy thinks a person should not get a mortgage deduction, or deposit money in a foreign bank account, then he thinks it's a tax loophole.
Corporate welfare should be reigned-in. Why does it exist? Corporations donate a lot of money and provide lots of perks for members of Congress and state legislatures.
It's how a lot of corruption changes hands in our politics. It's one reason politicians scream bloody murder if you ask them to go to a simple flat tax, because then they can't accept bribes and kickbacks for specially tailored tax exemptions to their corporate and political cronies.
Depends on who is using the term, I've heard demagogues like the president say we need to end "tax loopholes," and then he describes legitimate tax deductions. One person's tax deduction is another person's loophole. If the Preezy thinks a person should not get a mortgage deduction, or deposit money in a foreign bank account, then he thinks it's a tax loophole.
No, the definition does not depend on who uses it. A word used wrongly is still wrong no matter who uses it.
I understand the point that people will knowingly use it wrong when it suits their purpose.
I don't know why but the Right seems to love tax loopholes for corporations and the rich.
Right! Pssst, the left probably created most of those laws, there is no such thing as a loophole, and the left supports them JUST AS MUCH as the right. Get real!
Are you married? Do you have kids? Do you have a mortgage? Do you use those deductions when you file your taxes? If so are YOU willing to give up your "loopholes" just to be fair?
If not, you are a hypocrite.
Corporations are just like kids. The left is always talking about "investing" in kids by paying more for education, etc.
Giving corporations is also an "investment" It helps create jobs etc., which in turn helps workers and the country in general.
Corporate welfare should be reigned-in. Why does it exist? Corporations donate a lot of money and provide lots of perks for members of Congress and state legislatures.
So baling out gm was corporate welfare.
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