Originally Posted by Direckshun
I seriously can't tell what your position on the OP's loophole is. From the above post, I'm assuming you think it's smart policymaking, and under a Listo Presidency you'd prefer it to stay. Again, correct me if I'm wrong.
The problem I have with the reasoning in the above post is the final three words of it:
"penalizing the successful"
That's how you see closing a corporate loophole, which allows many of the most gigantic one to pay a lower tax rate than many middle class Americans. As punishment.
The ending of an unjust favor, provided exclusively to curry favor with the super-wealthy. "Punishment."
You are still missing a piece of the puzzle apparently. The loopholes are part of a broken system. It's a system built on higher tax rates
for wealthier people. These rates skyrocket at the higher levels of wealth to the point of ridiculousness. To the point of being punitive. I don't blame the very wealthy for taking advantage of these loopholes. Just like I don't blame the helpless for seeking help. If you are really bothered by these loopholes, support a tax system that doesn't require them.