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Rich Lefties and Their Taxes

danfinrud Wrote: Dec 06, 2012 4:11 PM

I have a brother that works for a major Bank. He calls the regulations on the banks as Cost of Doing Business. He does not care. They have to provide a floor for Federal Auditors that monitor thier bank all the time. The cost of the floor is not paid for by the Federal government but paid for by the bank. So the Bank is charged for office space that federal employees use to do their job. Too bad they could not charge the Federal government for the floor space they have to give up to them or the cost of electricity and heat to keep the space habitable. It is just another burden on the business. as my brother says it is the Cost of doing Business.

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NewJAl Wrote: Dec 06, 2012 4:21 PM

Thank you for those insights. I did wonder why banks no longer pay 5 percent on savings accts, as they once did, years and years ago. Some of the money is going into that Cost of doing business and not the saver.

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Rich Lefties and Their Taxes

Ah, the hypocrisy of tax-hikers who do everything they can to avoid the taxes they wish to impose on others.

Sen. John Kerry, D-Mass.: He tried to avoid $500K in his home state's sales and excise taxes by docking his newly purchased $7 million 76-foot yacht in Rhode Island.

Massachusetts lowered its state income tax in 2001. Given the presumably large number of rich people who pine to pay more taxes, the state allowed tax filers to check a box and voluntarily pay the old, higher rate. In a liberal state of over 3 million tax filers, how...

Related Tags: Budget and Government Liberal Hypocrisy Tax the Rich Taxes