'Bait and Switch' Taxes
We have heard many times from President Barack Obama how he plans to raise taxes on "millionaires and billionaires," but not on the middle class.
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#1 Sep 5, 2012
The current system is far from perfect but at least make everyone play by the rules. Why is private equity allowed to ask for a waiver like they're special or something and tax their pay at the capital gains rate of 15%. How does these too big too fail corporations making BILLIONS pay 1% or nothing.
All they have to do is plug the tax and regulatory loopholes including those that allow the outsourcing of American business yet they call themselves an American with said privileges. Personal tax increases are not the answer and too big to fail business has been crying tax poor mouth for decades at this point. Get rid of the loopholes, exceptions and/or waivers.
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