Just to clarify "Tax Fraud" and "Falsifying business records" is just that. FRAUD.
This is not a problem with the corporate tax code. It is Fraud. It is not "Corporate Welfare" it is FRAUD. Can't use this as a legit example.
Of course there are many problems in our tax code. As I mentioned the Dave Chapelle Skit on SNL several weeks back he made fun of the 2016 presidential debate when Hillary tried these Tax Dodging lines on Trump and he turned and said "You use the same tax loopholes I do" "They are all legal". The idea of a corporation paying zero tax is another media Lie that gets eaten up. It's like Warren Buffet claiming his Secretary pays more taxes than he does when what is TRUTH is She was taxed at a higher RATE than he was. Remember that talking point scam? What a play on words. His secretary pays INCOME tax because she physically works for her pay. i.e. income. Warren pays tax on Dividends and long term gains i.e. profit from money he invested...no physical labor. If he was taking INCOME from Berkshire he would be taxed at the same rate she is if he paid himself the same amount. The reason Dividend and Long Tern Gain rate is lower is we want to encourage people to invest there money and not just sit on it.
Such a confusing topic it is easy to fool people with these talking points and easy to mislead. Shame on Warren for even making such a blanket statement without clarifying. All on purpose but of course we know which side of the fence he sits on.
All good stuff and nothing is political here, thats the irony. Just hard to watch the same misleading information continue to makes its way around the block over and over again.
Lots to fix in our Country. Lets start with OBJECTIVE TRUTH NOT SUBJECTIVE TRUTH.
Cheers Everyone!
Love the site!
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