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Old 09-11-2012, 10:17 PM  
BigRedChief BigRedChief is online now
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Addelson to recieve $2 Billion tax cut if Romney is elected. $100 million well spent?

http://images.politico.com/global/20...onc4brief.html

The billionaire has pledged $100 million to defeat Obama. Wonder if its because he is in line to put an additional $2 billion in his pocket.



Here's how:
  • Cut top tax rates, saving Adelson approximately $1.5 million on his annual compensation as chief executive of his casino company.
  • Maintain the special low rates on dividends, potentially saving Adelson nearly $120 million on a single year’s worth of dividends, more than enough to recoup his politi- cal donations.
  • Maintain the special low rates on capital gains, allowing Adelson to make back his political donations in capital gains tax cuts just by selling a fraction of his stock.
  • Provide a tax windfall of an estimated $1.2 billion to Adelson’s company, Las Vegas Sands Corp., on untaxed profits from its Asian casinos, as well as a tax exemption forfuture overseas profits. Adelson’s casinos already enjoy a special foreign tax exemp- tion from the Chinese administrative region of Macau, and Gov. Romney would make those foreign profits exempt from U.S. taxes as well.
  • Eliminate the estate tax, potentially providing a staggering $8.9 billion windfall to Adelson’s heirs.

Last edited by BigRedChief; 09-11-2012 at 10:25 PM..
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Old 09-12-2012, 01:10 PM   #16
BucEyedPea BucEyedPea is offline
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Quote:
Originally Posted by Brainiac View Post
Do you think it's a fair characterization to say Sheldon Adelson is a member of Romney's team? He sure didn't seem like a member of Romney's team when he was donating tens of millions of dollars to Newt Gingrich during the primaries.
Doesn't matter who he supported in the primary. He's on Mitt's team now.

I think it would be more accurate to say that Sheldon Adelson would be donating massive amounts of money to the Republican candidate regardless of who the candidate is.
I don't think he trusted Romney as much as he did the Grinch during the primary. However, that's being handled by Romney's advisory team now. They have re-emerged out of the "dark" from the Rs being tossed out, "like cockroaches" to control Romney. Enough money ought to play in as a factor. These guys are not protecting American interests. They are hurting this country.

You can listen to the full podcast here:
Romney's Neocons

These guys ain't pretty.
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Old 09-12-2012, 02:46 PM   #17
Iowanian Iowanian is offline
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Maybe your post should have stated

"Obama wants to rob $2bil from Addelson if re-elected"
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Old 09-12-2012, 02:47 PM   #18
ChiTown ChiTown is offline
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Jesus BRC. Really?
He's become a troll.
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Old 09-12-2012, 02:47 PM   #19
Iowanian Iowanian is offline
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"We know you're hurting 'merica. We know times are difficult because of GWB. To help stop the tide that would require you to get a job, don't buy that box of condoms and donate that $8 to my re-election campaign. If elected, we'll spot you on the 'bortion anyway" /iBama
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Old 09-12-2012, 08:14 PM   #20
BigRedChief BigRedChief is online now
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Originally Posted by patteeu View Post
Deceitful thread title.
I thought that was the normal practice. It seems that every anti Nigerian communist thread has BS lies in the title. Just SOP.
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Old 09-12-2012, 08:22 PM   #21
alnorth alnorth is offline
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Quote:
Originally Posted by BigRedChief View Post
http://images.politico.com/global/20...onc4brief.html

The billionaire has pledged $100 million to defeat Obama. Wonder if its because he is in line to put an additional $2 billion in his pocket.



Here's how:
  • Cut top tax rates, saving Adelson approximately $1.5 million on his annual compensation as chief executive of his casino company.
  • Maintain the special low rates on dividends, potentially saving Adelson nearly $120 million on a single year’s worth of dividends, more than enough to recoup his politi- cal donations.
  • Maintain the special low rates on capital gains, allowing Adelson to make back his political donations in capital gains tax cuts just by selling a fraction of his stock.
  • Provide a tax windfall of an estimated $1.2 billion to Adelson’s company, Las Vegas Sands Corp., on untaxed profits from its Asian casinos, as well as a tax exemption forfuture overseas profits. Adelson’s casinos already enjoy a special foreign tax exemp- tion from the Chinese administrative region of Macau, and Gov. Romney would make those foreign profits exempt from U.S. taxes as well.
  • Eliminate the estate tax, potentially providing a staggering $8.9 billion windfall to Adelson’s heirs.
Though I don't doubt that Adelson (and many wealthy investors) would financially benefit, to be fair his motive has always been very clear from the beginning.

Sheldon Adelson is a one-issue guy, and that issue is Israel. He's trying to buy a war against Iran. If he just happens to benefit financially, fine.
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Old 09-12-2012, 08:27 PM   #22
BigRedChief BigRedChief is online now
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Quote:
Originally Posted by alnorth View Post
Though I don't doubt that Adelson (and many wealthy investors) would financially benefit, to be fair his motive has always been very clear from the beginning.

Sheldon Adelson is a one-issue guy, and that issue is Israel. He's trying to buy a war against Iran. If he just happens to benefit financially, fine.
I know. But how does a tax free china casino ever make it into out tax code? Money. Little money up front , more back in return. And yes, both sides do it. I was just being a smart ass with this whole thread.
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