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 Democrats Love Taxes - Just Not Paying Them

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PostSubject: Democrats Love Taxes - Just Not Paying Them   Thu Feb 16, 2012 6:05 am

Democrats Love Taxes - Just Not Paying Them

Forgive Republican candidate Mitt Romney for his alleged failure to adequately explain why he paid "only" 14 percent of his income in taxes.

The honest answer — "Well, because my accountants couldn't figure out how to get them any lower" — does not work in this or very many other election years. Romney seemed flat-footed because, like most business people, he seeks to minimize costs and expenses.

This includes taxes.

A normal wealthy-and-proud-of-it guy would have said: "Let me get this straight, pal. I'm not supposed to take every legal advantage provided me by the tax laws to reduce my taxes?" For what it's worth, about 15 percent of Romney's last two years of income went to charity — substantially higher than the percentage given by the Obamas or Joe Biden's $380 (not a typo) of his quarter-million dollar income in 2006.

"Tax savings" allows people more money to save, spend, invest, bequeath and donate. On some level, even Democrats understand this.

Democrat Rep. Barney Frank, D-Mass., is one of them. In 2001, Massachusetts lowered it state income tax rate. But the legislature showed mercy for the Bay State's guilt-ridden, tax-hike-supporting liberals. The tax form allowed the filer to check a special box — and pay the old, higher rate. Out of more than 3 million tax filers in 2004, a tiny fraction of 1 percent — 930 taxpayers — volunteered to pay the higher rate. Among those who declined the opportunity was Mr. Frank. Frank explained, "I don't trust the legislative leadership and Gov. (Mitt) Romney to make the right decisions." Instead, Frank said, "I'll donate the money myself." What?! Charity might better spend money than can government, which, by its nature, operates less efficiently and more expensively than can private welfare?

Democrat Sen. Howard Metzenbaum from Ohio (served 1974, 1976-1995) was another tax-supporting Democrat not too keen on paying more in taxes than he needed to. But after retirement, the wealthy Metzenbaum moved to Florida, which, unlike Ohio, is a state with no estate or personal income taxes. This saved him millions.

Democrat John Edwards' wife Elizabeth, during the 2004 campaign, said rich politicians like her husband reveal "character" when they vote against financial "interest" by supporting higher taxes. This is the same John Edwards who, as a trial lawyer winning big jury awards, established a separate sub-corporation to accept the money, paying him through dividends rather than income. Perfectly legal. But this allowed Edwards to avoid some $600K in Medicare payroll taxes.

Democrats like Sen. John Kerry, D-Mass., rail against the Bush tax cuts that rich people — like himself — "didn't need" and "didn't ask for." Rhode Island requires no sales tax on yachts registered in that state — provided the boat is primarily housed in Rhode Island. Massachusetts is not so understanding. That state requires a sales tax and annual excise taxes. Folks say that Kerry and his 75-foot yacht spend way more time in Massachusetts than in Rhode Island. But accountants say that the wealthy yachtsman can avoid nearly $500K in state taxes by registering his boat in Rhode Island — which he did. All was going well, until a New York paper got hold of the story and Kerry "voluntarily" agreed to pay the Mass. tax — while continuing to insist that he does not really owe it.

Democrats like the late Ted Kennedy support the estate tax. And why not? The Kennedy family transfers wealth from generation to generation through trusts that avoid the very estate taxes that Kennedy consistently voted to impose on the wealth of others.

Shouldn't tax-hike-supporting rich people like Warren Buffett want to pay more rather than less taxes? Yet one of Buffett's companies is contesting tax claims against it.

Pro-tax-hike Democrats like MSNB-Hee-Haw's the Rev. Al Sharpton deserve a special wing all to themselves in the Chutzpah Hall of Fame. Sharpton assails the Bush-era tax cuts and wants "the rich" to pay more. Sharpton lists income from his nonprofit at just under a quarter million dollars. Add this to his estimated salary at the cable network, and the "civil rights leader" likely pulls in a tidy $500K. Not bad for a guy that not long ago was a gold-medallion-wearing Harlem rabble-rouser in velour sweatpants who got famous by playing the race card in a phony rape case.

Sharpton, according to the New York Post, owes federal taxes and state taxes totaling $3.5 million. How much income would Sharpton have had to earn to amass $3.5 million in state and local taxes? A lot. How much nerve does it take for a guy making a half mil to go on television and pound the podium for higher taxes on the rich — when his own effective tax rate is 0 percent?

Ask Sharpton.

Larry Elder is a best-selling author and radio talk-show host. To find out more about Larry Elder, or become an "Elderado," visit [You must be registered and logged in to see this link.] To read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate Web page at [You must be registered and logged in to see this link.]

"The government consists of a group of men exactly like you and me. They have, taking one with another, no special talent for the business of government; they have only a talent for getting and holding office." H.L. Menken

"In order to get anywhere near high office [a politician] has to make so many compromises and submit to so many humiliations that he/she becomes indistinguishable from a streetwalker." H.L. Menken

"When taxes are levied to impose a notion of distributive justice, remember: Taxes are always coerced contributions to government, which is always the first, and often the principal, beneficiary of them." George Will

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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Thu Feb 16, 2012 4:30 pm

I think I may be in the wrong business. I dont mind paying my taxes, as long as it is used for the good of the nation and not a political party.
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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Thu Feb 16, 2012 6:11 pm

I pay my share according to the IRS Code and I ain't paying no more than required!!! I think they ought to have to do the same!!! JMHO!!

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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Fri Feb 17, 2012 2:59 pm

The same and maybe a little more for being so arrogant.
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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Fri Feb 17, 2012 3:50 pm

IRS usually gets their pound of flesh when they get it! Sometimes it takes a few more months than others but they never go away!!! LMAO!!

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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Sat Feb 18, 2012 3:52 am

Bunch of bullies.
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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Sat Feb 18, 2012 8:42 am

Lots worse than bullies! Gestapo for Little Hitler!!! JMHO!!

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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Sun Feb 19, 2012 5:44 am

Right again, I think we are witnessing the attempt to take over the government and turn it into a dictatorship. I feel this is a very serious time in our lives and could be very periless for the freedoms that we have grown to love and enjoy. It is sinful how these people dont see past their eyes and free government checks.
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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Sun Feb 19, 2012 5:47 am

Exact description of the old Gestapo from all my reading and research!!!

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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Sun Feb 19, 2012 6:06 am

History repeats!!!!
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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Sun Feb 19, 2012 6:07 am

No differences! Exactly the same!!! That is what is so pathetic!

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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Sun Feb 19, 2012 1:57 pm

Some never learn. Some never think.
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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Mon Feb 20, 2012 7:40 am

Some have no clue! Some also never know what they do not know!! TWIT!!

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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Mon Feb 20, 2012 9:23 am

It's too bad to live like that. Maybe someone can shake some sense into them. GGG
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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Mon Feb 20, 2012 6:58 pm

Ignorance must be bliss!!! GGG!!

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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Tue Feb 21, 2012 3:47 pm

What does the judge say? Ignorance is no excuse for the law.
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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Tue Feb 21, 2012 6:38 pm

Many many times! Knowingly is not a prerequisite for many violations of the criminal statutes!!! LMAO!! Reckless comes to mind and does not require intentionally or knowingly!!! GGG!!

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EXPERIENCE IS WHAT YOU GET WHEN YOU DON'T GET WHAT YOU WANTED!

There are only two defining forces that have ever offered to die for you!
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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Wed Feb 22, 2012 3:49 pm

Reckless is reaking from all over them.
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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Wed Feb 22, 2012 7:27 pm

Accurate description!!! LMAO!!

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PostSubject: Re: Democrats Love Taxes - Just Not Paying Them   Fri Feb 24, 2012 4:14 pm

Yes, thank you, I thought so. GGG
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