America's Dumbest Tax Loophole: The Florida Rent-a-Cow Scam

Apr 18, 2012 | Posted by: Mr_Bill | Full story: www.theatlantic.com

The law costs Florida $950 million a year; more than two-thirds of the loophole's top 60 beneficiaries in South Florida weren't farmers.

State tax codes have a way of accumulating junk -- quirky breaks and carve-outs that grow increasingly odd as they linger on the books, like tacky old legislative souvenirs. In Alabama, you can still deduct $1,000 for building a radioactive fallout shelter. In Arkansas, blind combat veterans may buy a new car every two years tax free. In Hawaii, residents can claim a $3,000 deduction for taking care of "exceptional trees" on their property -- as long as an expert deems them "exceptional."

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Since: May 11

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#1
Apr 18, 2012
 

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Let's ask ourselves how and why such loopholes are created in the first place.

Who creates the tax laws? Why, our fair and honest elected officials, right? Did a legislator/survivalist in Alabama decide he wanted some underground bunker installed on his property? Brainstorm!!! I'll legislate for a deduction for a fallout shelter.

We have to wonder which legislator in Arkansas has a blind friend or relative who can now get a deduction for the cars he buys for his wife, kids, or other relatives.

And if some lawmaker in Hawaii pays off a gardener, he can get a $3,000 deduction for that shrub in his yard.

This is insane and the American tax payers are footing the bill. These loopholes do not benefit the average American. They were created (and are still being created) by the very people for whom the loopholes will be of personal advantage.

Why donít we Americans ever become fed up and angry with this fleecing of our money?
Gravediggers

United States

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#2
Apr 18, 2012
 

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Oh my gosh,'Mr Bill' you do realize that Democrat FL senator Bill Nelson does the rent a cow thing to get a lower tax bill, too!

Democrat Nelson has lived off Floridians for over FORTY YEARS-we still can't remember 1 thing he has done for the State-and he wants us to keep him in office.

Nelson did NOTHING, repeat NOTHING to save 26,000 Space Coast jobs in FL.

and he wants to be re-elected, Fl AstroNUT senator, ADIOS. 40 years is just TOO MUCH!

Billy and stretchface Grace on taxloopholes for THEM!
http://miamiherald.typepad.com/nakedpolitics/...
CHECK SIX

North Port, FL

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#3
Apr 18, 2012
 
Its COWS again.!!.the Dumbest Thing under Obamas Lunacy ,was when the EPA,wanting to STICK "CATALYTIC" converters up Cows Butts....TOO much FARTING I guess.....Did not bother AMERICA when Buffalo's were Coast To Coast North To South!.....The rent a COW,If true is Funny at most...But the Federal government considering CATALITIC CONVERTERS ON LIVE STOCK????...Now Were are Talking MONEY HERE!
Whats next? People??.....like in THUGSVILLE CHICAGO ,stick them in their YAPS!..Its they who Pollute AMERICA!

“JUSTICE DENIED, AGAIN!!!”

Since: Mar 10

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#6
Apr 20, 2012
 
PETE wrote:
<quoted text>The above poster is CRAZY Ron the CONVICTED FELON. He has a long RECORD of criminal LOW LIFE activities. See his RECORD below
Beginning to think you have a hard on for him.

“and how does this effect you?”

Since: Mar 11

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#7
Apr 23, 2012
 
You know I don't really have to much of a problem with blind combat veterans getting a new car tax free. When they go to a doctor the person taking them may want to use their car, for whatever reason. Especially if the person taking care if this veteran is a spouse! Now I wouldn't think it would be right for them to buy the car for one of their children to use for their own business. I sure wouldn't want the vet to drive it themselves!

“It's a Brand New Day”

Since: Feb 06

New Rochelle

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#8
Apr 23, 2012
 
Kimberling wrote:
You know I don't really have to much of a problem with blind combat veterans getting a new car tax free. When they go to a doctor the person taking them may want to use their car, for whatever reason. Especially if the person taking care if this veteran is a spouse! Now I wouldn't think it would be right for them to buy the car for one of their children to use for their own business. I sure wouldn't want the vet to drive it themselves!
You put me in mind of Eddie Murphy's great routine on Stevie Wonder...

*** CAUTION < STRONG VULGER LANGUAGE > ***
http://www.myspace.com/video/jake/eddie-murph...

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