Tax loopholes benefit CEOs and Execs

Discussion in 'Et Cetera, Et Cetera' started by marleyisalegend, Aug 25, 2008.

  1. marleyisalegend

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    Tax loopholes seen costing billions annually - Yahoo! News

    Why isn't this regulated? Oh yeah, why would the folks on Capital Hill tell their golf buddies "Sorry, but you gotta stop filling up your pockets".

    :rolleyes:
     
  2. PussyWellington

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    Get with the programme buddy! Only mugs (or slaves) pay tax. You will never achieve wealth paying income tax. Start your own business. Find your own loopholes.
     
  3. D_Thoraxis_Biggulp

    D_Thoraxis_Biggulp New Member

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    You picked a bad time to cut off the bold print.

    "largely benefit rich taxpayers and companies cost the government $20"
     
  4. Qua

    Qua
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    Hey man, $20 isn't chump change.

    This isn't news Marley. I hold that the real issue is simply that most of us don't have the insider knowledge of all these loopholes. Though many admittedly do require a business to write them off--Detroit is littered with small business owners who drive full size SUVs along with their wives, and get compact truck-based SUVs for their kids. Wasteful? Well, now it is, but back when gas was aorund $2 a gallon the amount saved from writing them off as company trucks was worth it. And these aren't CEOs and execs in the evil big business sense. These are guys who own their own small contruction or landscaping business. Many still make >$200,000 a year, but they're not the kind of corporate evildoers you're probably envisioning.
     
  5. marleyisalegend

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    Point taken. I didn't mean to imply that it's only the oil company bigwigs and Coca Cola and Hersheys CEO's.
     
  6. sargon20

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