First, I'm politically neutral.
Romney pays
more than his fair share of taxes. He did not take the deduction for
charity donation that he is entitled legally to for the purpose of
moving up his effective tax rate in an election year.
Stupid on
his part. He should not donate to charities and let the poor die (a
satire). Or, with better planning, he should donate next year when the
election will be over and most likely the taxes will be higher (let the
poor starve for a year but better tax deduction for his donation).
The
reason of his low effective tax rate is due to the low capital gain tax
that will most likely end next year. He or his financial adviser(s) are
taking advantage of the low investment tax last few years by selling
his appreciated, long-term securities as most of us do. There is nothing
wrong with that.
If the guy does not take advantage of the
situation, he will not be right for the president job as all political
decisions are results of trade offs, compromising, taking advantage /
reacting to current events...
---
A blog on whether we should do our own tax return.
http://bit.ly/PVngte
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment