This editorial cartoon was inspired by an article that I can’t find anymore. I was in Kiplingers, Fortune, Money, Forbes or one of those fancy business magazines. It came out around the time that people were complaining about GE not paying any taxes and it had to do with how CEO’s of major companies have been legally avoiding the taxman through various tax shelters. Anyone who finds that article, let me know.
These are guys that can afford to have full time accountants and finance people figuring out ways to work the loop holes of the tax system to their advantage. Don’t get me wrong, I am not a fan of forking over a larger portion of my paycheck to taxes either. But if it came down to raising my taxes or closing some loopholes that the uber rich can take advantage of…which one do you think I would prefer?
I am not one who thinks we shouldn’t pay taxes. I just think we need better prioritization of the spending of our tax dollars and better controls of out of line politicians.
On the other hand, I agree with conservatives who don’t want the Obama administration to raise taxes on families in the $250,000 range. All too many of those are entrepreneurs with small businesses. But someone in the $500,000+ range, go hire a finance guy to find the latest loophole.
Going to be out of loop for the next few days so talk amongst yourselves, tweet or stumble this if you want, and don’t forget to support the charity challenge.