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Old 02-20-2013, 12:32 PM   #56
patteeu patteeu is offline
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Quote:
Originally Posted by Direckshun View Post
I don't see it as a strictly ideological thing, is my point.

When it comes to the tax code, the conservative vs. liberal divide is on a flat tax (conservative) vs. a progressive tax (liberal).

A flat tax, of course, raises taxes on something like 95%, whereas the wealthy get a huge tax cut.

In an age of extreme inequality, that's only going to make the problem worse.
But that's not the only divide. Liberals are far more interested in social and economic manipulation via the tax code as a matter of philosophy.

A great example is this political BS that Obama spews about big oil subsidies. The vast majority of what he's talking about are things like general deductions that all corporations are eligible to take. What he's really proposing is a targeted tax penalty on an industry that isn't particularly supportive of democrats.

The same is true of his BS about ending the "tax breaks" for shipping jobs overseas. Those "tax breaks" are really just things like the general tax provision that allows businesses to deduct expenses from revenue in the normal calculation of income and the traditional concept of allowing companies to deduct foreign taxes for income earned in those jurisdictions so that they remain competitive with foreign companies. In other words, he wants special tax treatment to punish companies who have jobs overseas.
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