Quote from: hfishjr81 on August 11, 2012, 08:21:21 AM

"In addition, the Son of Boss transaction was listed by the Internal Revenue Service as an abusive transaction"


"Like other prepackaged corporate tax shelters of that era, Marriott's Son of Boss transaction was an entirely artificial transaction, bearing no relationship to its business. Its sole purpose was to create a gigantic tax loss out of thin air without any economic risk, cost or loss -- other than the fee Marriott paid the promoter."


I think it's a problem when big business is allowed to cheat the system/the people, I dont disagree that we should be upset at those that allow for these type of loopholes, but when people who've "aggressively" used them are trying to run our country it's not a stretch to say they're for big business, rather than the people.


Obama and Romney will allow for corporate rule, there is no difference between them there. It's sad that, even based on that knowledge, most will still vote for either candidate just so the other party doesn't win.  It's what many would call "the definition of insanity."

"In addition, the Son of Boss transaction was listed by the Internal Revenue Service as an abusive transaction" How shocking! The IRS talking about abuse is like saying the Ayatollah treated women unfairly.

SO FRIGGIN WHAT!!. BOO HOO. I use every legal loophole and deduction I possibly can, not to pay those blood suckers anymore than I absolutely have to. People like Springsteen who declare their huge property holdings farmland and pay a reduced tax burden are taking advantage also. I don't fault anyone who uses the legal tax code to their advantage, but don't berate someone else doing the same. Every rational thinking American in this country pays the least amount the have to. I say every one of these blowhards present their income taxes for review, lets see how many pots are calling the kettle. Romney saved a few million in taxes, out of the hundreds of millions he's paid in over the extent of his tax paying life. Big deal. How many billions has Obama flushed down the tubes with his green cronies. At least Mitt was using his hard earned money, and investors saw a return. OB couldn't make a dime in the private sector. But he sure talks a good game while he does nothing about this so called corporate greed he keeps talking about. All this slime he's  throwing keeps getting all over his shoes. Most people see through this smoke screen thats covering his record. OB has cost this country millions of jobs, many more will follow the destruction of our energy infrastructure. How many have died because of that? More will die as the blackouts worsen, because of the closing of 100's of power plants. Soon the rates will triple, and gasoline will become a luxury few can afford. People better focus on what is important, and stop worrying about Mitt saving a few bucks on legal IRS loop holes. The US has become nothing but a huge dysfunctional corporation, I'd rather a man with a proven track record of turning corporations around was at the helm, instead of a community organizer with zero business skills. You should too.

Quote... you are getting "Rolls Royce" coverage.

Make that NOT getting "Rolls Royce" coverage.

Quote from: mdgiles on August 11, 2012, 11:34:20 AM
Make that NOT getting "Rolls Royce" coverage.

FIFY 

Don't forget you can use the Modify, top right of what you have posted.

Quote from: hfishjr81 on August 10, 2012, 09:13:45 AM
"Wake up"? Im saying exactly what you're saying-

Romney is willing to use those loopholes and so is Obama...  That's the point, They're both bought.  Granted, there's less evidence that Obama is willing to use those loopholes, though he sure has allowed for many placed in his healthcare bill , as well as that "credit card reform", so you do the math.



They're playing you guys just like they're playing those "liberals" you dislike.  Being that you're supposedly "awake" you should realize this by now.

WOW, you're such a hypocrite, you carry water for Dims talking points in attacking Romney, yet not a word on General Electric CEO Jeffrey Immelt being in bed with Hussein, and GE in particular never paid any taxes last year.
Coincidence? Not on your life!

But when a business follows the rules the IRS setup, suddenly it's a bad thing?

Listen to yourself, you are literally following like a sheep, the Dims release a story that is completely irrelevant and you're all over it like it's proof Romney is some evil corporate entity.
Talk about gullible...

Quote from: Solar on August 11, 2012, 01:29:43 PM
WOW, you're such a hypocrite, you carry water for Dims talking points in attacking Romney, yet not a word on General Electric CEO Jeffrey Immelt being in bed with Hussein, and GE in particular never paid any taxes last year.
Coincidence? Not on your life!

But when a business follows the rules the IRS setup, suddenly it's a bad thing?

Listen to yourself, you are literally following like a sheep, the Dims release a story that is completely irrelevant and you're all over it like it's proof Romney is some evil corporate entity.
Talk about gullible...

Because he wants it to be true. That's why his brain isn't registering the difference between avoidance and evasion.

Quote from: mdgiles on August 11, 2012, 03:46:39 PM
Because he wants it to be true. That's why his brain isn't registering the difference between avoidance and evasion.

Yep, that's the problem with the lib mind, all emotion and no critical thinking skills.

Quote from: Indy on August 11, 2012, 11:24:53 AM
"In addition, the Son of Boss transaction was listed by the Internal Revenue Service as an abusive transaction" How shocking! The IRS talking about abuse is like saying the Ayatollah treated women unfairly.

SO FRIGGIN WHAT!!. BOO HOO. I use every legal loophole and deduction I possibly can, not to pay those blood suckers anymore than I absolutely have to.

If an individual poses "an entirely artificial transaction" to pay little to nothing in taxes it would be a big deal, but a corporation does it and its considered a legal loophole. Same with insurance companies and Obama care, we the people do half the BS allowed to those big money corporations and we'd be brought up on fraud charges.

The point is, we have rules that we have to follow at our level, at theirs,  the rules bend a lot easier. Sure, people still look for ways to pay less, but not everyone can get away with a "bailout".

Romney is a corporate owned shill, so is Obama. I dont see why that's so difficult for some to see. Unless, of course, they just want someone to get the current corporate guy out of office.

Quote from: Solar on August 11, 2012, 01:29:43 PM
WOW, you're such a hypocrite, you carry water for Dims talking points in attacking Romney, yet not a word on General Electric CEO Jeffrey Immelt being in bed with Hussein, and GE in particular never paid any taxes last year.
Coincidence? Not on your life!

I figure, based on yalls perception of Obama, that little is needed to sway in regards to his douchehood... But "Romneyhood", on the other hand, is still a subject worthy of speaking on.. Being that you guys seem to be allowing him more credit than he's worth.

Quote from: hfishjr81 on August 11, 2012, 10:51:06 PM

I figure, based on yalls perception of Obama, that little is needed to sway in regards to his douchehood... But "Romneyhood", on the other hand, is still a subject worthy of speaking on.. Being that you guys seem to be allowing him more credit than he's worth.

It comes down to that old street saying, " Don't hate the player, hate the game."

Nobody's saying that it's a good thing to have these giant loopholes in the tax code. But if it's within the law to use them, who are we to judge the people that do? I can't..................because I know damned well, that if it was legal, I would do the same thing.

As a matter of fact, Romney's familiarity with these loopholes, puts him in a unique position to be able to close them.

Quote from: hfishjr81 on August 11, 2012, 10:51:06 PM

I figure, based on yalls perception of Obama, that little is needed to sway in regards to his douchehood... But "Romneyhood", on the other hand, is still a subject worthy of speaking on.. Being that you guys seem to be allowing him more credit than he's worth.

Why are you such a tool, what is it that allows you to be so easily used by the Marxists in the Dim party?
You never seem to see both sides of the same coin, Romney uses loopholes, I use loopholes, anyone with half a brain uses loopholes, because were being overtaxed, the left gives our money to illegals for schools, SSI, etc and you don't seem to have an issue with that, but when people try and keep a small portion of their hard earned money, your emotional center is activated with the flip of a switch by the Dim leaders.
The left throws out a campaign hit piece and like Pavlovs dogs, you start drooling, but did you ever stop and use critical thinking for one second before you started drooling?

Your Messiah in chief did the very same thing during the very same period as Romney, he used loopholes to keep from paying taxes.

Quote
    President Obama and his wife, Michele, gave a total of $48,000 in tax-free gifts to their daughters, according to tax records made public on Friday.

    The president and his wife separately gave each daughter a $12,000 gift under a section of the federal tax code that exempts such donations from federal taxes.

http://www.whitehouse.gov/sites/default/files/president_obama_complete_return_2011.pdf

Now will you quit being such a tool of the Marxists and start using critical thinking instead of reacting on an emotional level?
This is why we look at you people in amazement, it's hard to believe people can be soo damned ignorant.

Remember that term, "Critical Thinking" so the next time a hit piece comes out, ask yourself, what is the real truth instead of simply commencing drooling.

Quote from: Solar on August 12, 2012, 06:38:10 AM
Why are you such a tool, what is it that allows you to be so easily used by the Marxists in the Dim party?
You never seem to see both sides of the same coin, Romney uses loopholes, I use loopholes, anyone with half a brain uses loopholes, because were being overtaxed, the left gives our money to illegals for schools, SSI, etc and you don't seem to have an issue with that, but when people try and keep a small portion of their hard earned money, your emotional center is activated with the flip of a switch by the Dim leaders.
The left throws out a campaign hit piece and like Pavlovs dogs, you start drooling, but did you ever stop and use critical thinking for one second before you started drooling?

Your Messiah in chief did the very same thing during the very same period as Romney, he used loopholes to keep from paying taxes.
Now will you quit being such a tool of the Marxists and start using critical thinking instead of reacting on an emotional level?
This is why we look at you people in amazement, it's hard to believe people can be soo damned ignorant.

Remember that term, "Critical Thinking" so the next time a hit piece comes out, ask yourself, what is the real truth instead of simply commencing drooling.

Remember when Clinton was claiming deductions for his old nasty socks and underwear?

Quote from: kramarat on August 12, 2012, 06:43:51 AM
Remember when Clinton was claiming deductions for his old nasty socks and underwear?

Perfect example!
It's why kids are such tools of the left, they don't ask questions, they have no reference in history to measure against, and they are quick to react emotionally to something everyone does without malice, it's why we have tax codes.

Like tax codes, we also have speed limits, go over the limit and you're breaking the law, stay right on the limit and you are fine.
That is, unless you are an enemy of the left, then you are evil for going the speed limit.
For example, leaving the freeway, the sign reads in bright yellow at the turn, "Slow 25 mph" but you do 45 around the turn, to a lib you are breaking the law, because they don't understand it, but the yellow sign is merely a warning suggestion, not a limit.
But in the libs mind you are evil and must be punished.

Seriously, these people never once stop and think before reacting emotionally, which is also why one day they will grow up and become conservatives, it's almost inevitable, especially when they look back and see just how big of fools they were, and tools of communists.

Quote from: hfishjr81 on August 11, 2012, 10:47:28 PM


If an individual poses "an entirely artificial transaction" to pay little to nothing in taxes it would be a big deal, but a corporation does it and its considered a legal loophole. Same with insurance companies and Obama care, we the people do half the BS allowed to those big money corporations and we'd be brought up on fraud charges.

The point is, we have rules that we have to follow at our level, at theirs,  the rules bend a lot easier. Sure, people still look for ways to pay less, but not everyone can get away with a "bailout".

Romney is a corporate owned shill, so is Obama. I dont see why that's so difficult for some to see. Unless, of course, they just want someone to get the current corporate guy out of office.

Th IRS goes after you not because it's illegal but because the small taxpayers don't have an army of lawyers to tear them a new asshole in Tax Court. It's not that the "big" guy is doing anything illegal, it's that government bureaucracies know better than to try and brow beat them, a tactic that works with the "little" guy. The rules are the same for everyone. Some people just know what they are, whereas some people spend time whining about how unfair it all is. Now as for the difference between Romney and Obama, Romney went out and made his money as opposed to just appropriating yours. If you didn't spend so much time being envious of the fact that he has money, you'd notice the difference.

Quote from: hfishjr81 on August 11, 2012, 10:51:06 PM

I figure, based on yalls perception of Obama, that little is needed to sway in regards to his douchehood... But "Romneyhood", on the other hand, is still a subject worthy of speaking on.. Being that you guys seem to be allowing him more credit than he's worth.

But you never notice what's wrong with the very basis of your mindset. The idea that keeping your own money as opposed to sending it to some bureaucrat to waste - is somehow "criminal". The nerve of him, holding on to his money and not sending it to Washington so the government can use it to pay for stuff you want.

For myself, I'm more concerned about how Obamacare, if fully implemented will ravage my tax return than I am concerned about what is, or isn't in Mitt Romney's tax returns.

Just sayin'...

-Dr Watt