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View Diary: Walmart owners look to slash federal tax payments (66 comments)

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  •  tardis - this is just rational economic behavior (0+ / 0-)

    You will see lots of corporations moving up their dividends and bonus payments to take advantage of the lower 2012 tax rates.

    "let's talk about that"

    by VClib on Wed Nov 21, 2012 at 06:03:23 PM PST

    [ Parent ]

    •  Do you think that (0+ / 0-)

      "rational economic behaviour" is immune from being viewed as greed? Is the legality of the behaviour what makes it immune from being called greed?

      "George RR Martin is not your bitch" ~~ Neil Gaiman

      by tardis10 on Wed Nov 21, 2012 at 06:15:55 PM PST

      [ Parent ]

      •  tardis - I know it's common here (2+ / 0-)
        Recommended by:
        johnny wurster, coffeetalk

        but I don't equate legally minimizing your federal income tax with greed. I have always tried to minimize my federal income tax, so it would be hypocritical for me to be critical of others who do the same thing.

        "let's talk about that"

        by VClib on Wed Nov 21, 2012 at 07:01:06 PM PST

        [ Parent ]

        •  Okay then, (0+ / 0-)

          how about using your wealth in order to buy politicians, ex-politicians (lobbyists) in order to change the tax law for your own benefit. I guess the situation i'm thinking of just for this example would be the effort to reduce the estate tax to zero%. Would you call that greed?

          •  mothertu - that's a better case for greedy (0+ / 0-)

            It is certainly legal to use one's wealth to lobby for changes in the tax law that would benefit that individual. However, I do think it's easier to make the case for being greedy in that instance, than using the current code to minimize your federal income tax.

            "let's talk about that"

            by VClib on Sat Nov 24, 2012 at 05:57:31 AM PST

            [ Parent ]

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