Tax Code Hypocrisy

Dear Readers:

The rich must pay their fair share. Republicans are choosing rich CEO's and their corporate jets over food safety and children's health care. Greedy corporations are using tax loopholes to avoid paying taxes. This is what we are being told by this administration and the Democrat leadership. This is also blatant hypocrisy by these same people.

Corporate Jets:

The tax deduction also know as "loophole" on depreciation was extended in the second stimulus bill voted on in 2008 and signed by this President. Remember not one Republican voted for this bill. So you have a Democratic Congress and a Democratic President extending this loophole, and now blaming the Republicans for it. You know who owns these private jets? Not just corporations and their CEO's, but members of Congress and the Senate. Nancy Pelosi, Jay Rockefeller, John Kerry to name a few. They passed a deduction that benefited themselves, but of course the stenographers in the media won't tell you this.

Loopholes:

The tax code was created to keep the middle class from accumulating wealth. It protects by various deductions and exemptions accumulated wealth from taxes. The tax code taxes income not wealth. The rich will not pay anymore significant taxes by increasing the tax rate. Wealth will still be protected or else Congress will be taxing themselves and that is not going to happen. The term loophole is being used to make you think something nefarious is gong on when in reality these are legitimate deductions, passed by various congresses to please the select few, such as your mortgage tax deduction. Or is that a loophole also?

Paying your fair share:

You know who wants the rich to pay their fair share of taxes? Timothy Geitner the Secretary of the Treasury, who admitted he evaded taxes till he was caught. Congressman Charles Rangel another person who evaded paying his fair share of taxes for years. John Kerry who parked his yacht in Rhode Island to avoid paying Massachusetts taxes. This is the ruling class in full hypocrisy. As it was once said, only the little people pay taxes.

The government does not have a revenue problem It takes in more than enough to pay for what it should pay for. It has a spending problem and they wish to use the politics of envy so you will let them borrow on your children and grand children's future and continue to confiscate the earnings of the productive class and transfer it to the parasites among us so they will continue to hold onto power. This is my opinion, you may beg to differ.

Anthony J. Bazzo

You can read more politics on Bazzo at Work or going to http:ltpbazzo.wordpress.com.
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Dear Readers:

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LINKS: atom_taxi@yahoo.com(as this a yahoo address make sure you put an underscore (-) between atom and taxi)

For immediate reply: atomtaxi@aol.com

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EDITOR'S NOTE:
All articles re-printed in this blog from the North County News are with the permission of Bruce Apar Publisher and Editor-in-Chief

07/13/11