yo mama Posted March 26, 2009 Share Posted March 26, 2009 Sure there are. So if there are loopholes, close the loopholes. This isn't closing loopholes, it's screwing the charities. I owned a piece of land a few years ago. I was presented with one of these loophole scenarios where I could dump the piece of land into a land conservation and get a "highest and best use" tax deduction from the donation. I didn't pay anything for the land (it was an attached lot to a house I owned), and so this would have been sheer profit and a clear tax loophole. I chose not to do anything shady like that and sold it with the house. I have seen other things done. I don't like those games. Obama talked about going through things like a surgeon. He's using a hammer on this problem. I guess I'd have to read O's actual proposal to comment on whether I think it makes sense or not. Frankly, there is a lot of tax-related legislation before the House and Ways and Means Committee right now. But it's getting no attention with Congress going all ape-poopye over these AIG bonuses. Nothing like a little populous outrage to keep government workers from, you know, working. Link to comment Share on other sites More sharing options...
WaterMan Posted March 26, 2009 Share Posted March 26, 2009 I guess I'd have to read O's actual proposal to comment on whether I think it makes sense or not. Frankly, there is a lot of tax-related legislation before the House and Ways and Means Committee right now. But it's getting no attention with Congress going all ape-poopye over these AIG bonuses. Nothing like a little populous outrage to keep government workers from, you know, working. Yep it is confusing to be arguing about two issues that seem closely related. Link to comment Share on other sites More sharing options...
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