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August 09, 2012

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Blogger Brian et al:
If I don't pay my taxes they're going to put me in jail. Look at the actor Wesley Snipes. He's a famous rich guy like Romney and he's in jail for not paying his taxes. Willie Nelson didn't pay his taxes and had a big tussle with the IRS. Don't you think Romney would be in jail like Snipes or in trouble like Nelson if he didn't pay his taxes for the past ten years as Reid claims?

So, I think there is much stronger evidence that Romney paid his taxes than there is for Reid's claim that he didn't.

Now, it may be the case that Romney has used tax loopholes to avoid certain taxes, but that is not a criminal act. That is simply using the law to your financial advantage. I'm sure old Harry uses whatever loopholes his accountant can find for him.

I have a great deal of faith in the IRS in this regard: They are pretty bad ass if they think you are shortchanging them expecially when you are talking about big bucks. Like bigfoot, you don't mess with the IRS.

It seems as though justice is meted out in a haphazard manner when referenced to taxes. Rumor has it that Wesley Snipes deliberately hid millions of dollars. The Fed does not want well-heeled folks to get the idea that they can get away with such a stunt. Self-employed and blue collar wage earners who do not pay their taxes seldom go to trial - the IRS just makes things difficult for them.

It is beyond question that high-income individuals are usually in a position to take advantage of the various loopholes reserved for them. This involves channeling their assets into sheltered investments with almost no risk. Most people do not know about them because the price of admission is very high. Many wealthy people pay almost no taxes - legally. Warren Buffett published his earnings for year 2009 or 2010 (I think) and the taxes he paid on those earnings in an editorial column in one of the financial rags. He thought that his taxes were not enough, and that he would gladly pay more if it were required.

Romney did not get into his life situation by being a scofflaw. He will be an awful president, but that is another matter entirely.

Why didn't Warren just write a check to the IRS if he felt he should pay more? A token gesture of several hundred million dollars would be no big deal to him and the political left would be singing his praises until his atoms dissipate into the ethers and then some. Why doesn't he put his money where his mouth is? He's just paying lip service to an ideology which, if in place, would mean that he would never have gotten to where he is in the first place.

Most of the very rich have provided a product or service which was needed or benefits others (with the exception of the Kardashians). On their coatails many make money also and find their own success. Greed is good unless you are talking about carbon emissions. But that's another story.

Romney may turn out to be an awful president but that remains to be seen. However, it has been proven that the current president is awful, in my not so humble opinion.

Basically, you have a choice between tweedle-dee and tweedle-dum, two sides of the same corrupt political coin. Still, I like our chances better with as few of the current administration in power as possible.

"He will be an awful president"


"Will be"? Perish the thought!

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