Quote:
Originally Posted by Midtowner
Which loopholes?
If it's a specific statutory allowance, why is that a "loophole" rather than an informed policy decision made by Congress in order to specifically stimulate a part of the economy which will, in the end affect the prices consumers pay for goods?
The word "loophole" carries with it quite a negative connotation. Use more honest language.
Which credits or deductions (correct language, see?) would you do away with?
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I am no tax expert. I am fairly ingnorant in the field. I do know an owner of a fairly large company and he cheats the tax system like you wouldn't believe. I have no doubts that the larger companies do it as well. I'm not suggesting taxing them out of business... but come on. Zero taxes?
BTW - I have zero bias towards big oil, pharma, or whatever. Make em all pay.
