This is why you need regulations

[miso]

 

[miso]

Romney has ordinary income too. Not much, just pocket change. A bit less
that $400k for his wonderful oratory.

http://www.huffingtonpost.com/2012/...-much-definition-speaking-fees_n_1210522.html

However, he gives money to charity to offset the ordinary income. Well,
make that he gives money to the Mormon church. No church is a charity in
my opinion. They should all be taxed.

Now if everyone has the same opportunity to dodge taxes like Romney, why
isn't Lovitz taking advantage of it?

Incidentally I saw Lovitz in Vegas. He sucked.

 

[miso]

I recall a recent study on corporate taxes. Varian (which is pretty much
just medical these days) pays about 30%. They were asked to comment and
made some remark about needing to study the tax laws more.

Here is the latest GAO report:

http://www.gao.gov/new.items/d08957.pdf

If you restrict it to large companies, then about 30% pay no tax at all.
The results are far worse with all corporations included.

I'd be willing to have a lower tax rate for companies that have no
off-short accounts or subsidiaries.

I wouldn't mind a higher tax rate on capital gains if income averaging
were put back into the tax code. Reagan fucked up the tax code
immensely. Eliminating writing off interest lead to the home equity loan
business, which in turn caused some people to lose their homes. Reagan
was truly the worst president ever. Nearly all modern problems can be
traced back to his administration.

 

[miso]

I got a kick out of the cabbie who runs over to the edge of the hole and
looks down in it. How large is the sinkhole under the pavement? How does he
know that the edge is safe to stand on?

Just the other day, I watched a couple of linemen from our local power
company open the hatch on a cable vault. Then they proceeded to stand there
and yak, while pedestrians walked by. No barricades or anything in place.
Some unsuspecting person could easily have walked up behind them and landed
on top of whatever equipment is down there (a 12.47 kV system).

The woman looks like a featherweight, yet all those guys can stand on
the edge of the hole to rescue her. That is what makes it seem like a
localized defect to me.

To keep it on topic, you get crystal defects in silicon wafer too!