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Ray, a different perception...
By:papi
Date: 10/2/08 7:37pm

you say that what "flows from you is a direct result of flows towards you"........even though I don't frequent these discussion boards as much as some do, I do try to keep up and from a different perspective, I think you need to revisit this as you seem to be the common denominator in these types of "board breakdowns" both here and on other boards!

I engaged with you a bit yesterday and posted about "Tax Loopholes"

Your reply which started with this statement:

"LOL Papi...this is very funny. This is not a tax loophole at all."

...does not encourage reasonable discourse and in fact is quite insulting. I linked an article from International Business Times dated 23 Sept. 2008, which was referencing Tax Loopholes, since you obviously didn't read it here's an excerpt:

From international Business times 23 Sept 2008

In his second trip in four days to this battleground state Tuesday, Biden said McCain promised to oppose any efforts to close a "Bermuda loophole" where American companies shielded $4 billion to $7 billion from U.S. taxes.
By claiming their headquarters as Bermuda, Biden said, firms actually based in the United States can keep profits out of the reach of the Internal Revenue Service.
"They're skipping out on billions of dollars in taxes, and that money could be used to insure our children, ... to make sure the (Veterans Administration) is not underfunded, to rebuild bridges that are crumbling around the nation," Biden said.
Biden was referring to a provision of tax law that some insurance companies can use to wipe out much of their U.S. tax liability. The companies that issue fire, property and casualty insurance are allowed to establish a Bermuda office and transfer the premiums they collect there, treating them as business expenses. That creates a deduction that erases millions of dollars in taxable profits, costing the U.S. Treasury $4 billion or more a year.

Rather than respond to what was referenced, you answered with a 2004 factcheck.org blurb, which wasn't even talking about the same thing, and in fact didn't even dispute what I was saying ........just in case you didn't read that either, here's an excerpt from your 2004 link:

from factcheck.org dated aug. 2004 DNC Ad Says Bush Lost Manufacturing Jobs
August 11, 2004

But even Clinton lost manufacturing jobs in his second term. Economists say changing the tax code won't do much to help.
Summary
The Democratic National Committee released an ad Aug. 6 saying 2.7 million manufacturing jobs had been lost under Bush. That's true, but ignores the fact that manufacturing jobs started their decline three years before Bush took office.

The ad also says "Bush protects tax breaks favoring corporations that move their headquarters overseas" and that Kerry would "end job-killing tax loopholes." But as we've said beore, "offshoring" accounts for just a small fraction of jobs that are lost, and even Democratic economists say changing the tax code won't end the overseas job drain anyway.

Seriously Ray, is everything OK, is there someone we should call?

Messages In This Thread

Money For "Nothing" -- Firemon -- 10/1/08 11:55am
totally f'ing sickening! *NM* -- aud -- 10/1/08 12:37pm
Think any of them are scared? -- Lola -- 10/1/08 12:31pm
Re: Think any of them are scared? -- Roger -- 10/1/08 2:56pm
Yes, I think some do -- Lola -- 10/1/08 3:45pm
Re: Yes, I think some do -- Roger -- 10/1/08 3:55pm
Re: Yes, I think some do -- Lola -- 10/1/08 6:32pm
there's so many loopholes -- Papi -- 10/1/08 7:43pm
Re: there's so many loopholes -- ray -- 10/1/08 8:12pm
You never heard of tax loopholes? -- Papi -- 10/1/08 8:44pm
If I understand the insurance issue? -- Lola -- 10/2/08 8:45am
Re: You never heard of tax loopholes? -- ray -- 10/1/08 9:16pm
Re: Yes, I think some do -- Roger -- 10/1/08 7:39pm
In traditional business, the ones at the top -- Lola -- 10/2/08 8:58am
Re: In traditional business, the ones at the top -- Roger -- 10/2/08 2:38pm
Re: In traditional business, the ones at the top -- ray -- 10/2/08 10:10am
Re: In traditional business, the ones at the top -- Roger -- 10/2/08 2:44pm
Re: Yes, I think some do -- ray -- 10/1/08 8:02pm
Yes, EXACTLY ray! -- Lola -- 10/1/08 10:02pm
Re: Yes, EXACTLY ray! -- ray -- 10/2/08 1:11am
Re: Yes, I think some do -- Roger -- 10/1/08 8:25pm
Re: Yes, I think some do -- ray -- 10/1/08 8:45pm
Re: Yes, I think some do -- Roger -- 10/1/08 8:50pm
Re: Yes, I think some do -- ray -- 10/1/08 9:23pm
Re: Yes, I think some do(Bogus statistics) -- Blue Mountain Drifter -- 10/2/08 9:22am
I am not here to teach everyone...reserach it -- ray -- 10/2/08 6:24pm
Re: Nobody has time to fact check their lies, eh -- Blue Mountain Drifter -- 10/3/08 9:51am
Ray, a different perception... -- papi -- 10/2/08 7:37pm
Ray, a different perception... -- papi -- 10/2/08 7:41pm
Re: Yes, I think some do -- ray -- 10/1/08 7:10pm
My caption for this photo -- Papi -- 10/1/08 12:00pm