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Originally Posted by mookiemookie
Just because they're legal and legitimate doesn't mean they're ethical and the way things should be.
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Really? How ethical would it be to deliberately minimize a shareholders dividend because you *feel* things aren't the way they should be?
Legal is legal. If you want to reduce or eliminate deductions then do it the right way and change the law. Don't think you can shame people into robbing Peter to pay Paul because that
is unethical.
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Companies have lobbied long and hard to write the tax code to their benefit. The effective corporate tax rate in the U.S. is one of the lowest in the world, we're facing humongous deficits due in no small part to unfunded tax cuts, and yet still the rallying cry of the Republican Party is to cut taxes.
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No, the humongous deficits are primarily caused by out of control government spending. We waste trillions on domestic boondoggles and giving it away to ungrateful foreigners.
In 1962 government spending, adjusted for inflation, was $3000 per person.
By 2002 it was $7000. That is just crazy and you want us to pay more? No way. Not until you show you can spend our money wisely.
When the federal government learns to live within it's citizens means then, and only then, can we talk about raising taxes, but we both know if that ever happens we won't need to raise them.