The language of the loophole
November 24th, 2012
10:28 AM ET
10 years ago

The language of the loophole

Washington, DC (CNN) – We’re hearing a lot about tax loopholes these days, as Washington grapples with ways to solve the fiscal crisis.

But what IS a tax loophole?


Filed under: Congress • Fiscal Cliff • Taxes
soundoff (4 Responses)
  1. just sayin

    A tax loop hole is a mechanism for the government to tell taxpayers or businesses that the government has decided not to steal a certain amount of their hard earned money to give the taxpayer the illusion that the taxpayer still owns their income, when in fact the government does, as it takes the first cut (taxes) before you even see what is left of your pay check.

    Tax loop holes must end as it has become painfully clear the government owns all of our income. We are government slaves paying the government master, ever thankful the government trickles down some of our hard earned money so we can survive, to continue the cycle of tax slavery.

    November 24, 2012 11:19 am at 11:19 am |
  2. Wire Palladin, S. F

    Taxes on workers are the lowest in 50 years, thanks to the stimulus and President Obama. I think right wingnuts forget that someone has to pay for unfunded unnecessary republican wars, unfunded tax cuts for the wealthy, TARP, Wall Street bailouts, defense spending, etc. Personally, I think the Bush tax cuts should expire, and we get our fiscal house in order, like it was under Clinton.

    November 24, 2012 12:10 pm at 12:10 pm |
  3. Allen

    We the people ARE the government. Unless of course you are a republican in which case you live in America and oppose it.

    November 24, 2012 12:52 pm at 12:52 pm |
  4. Rick McDaniel

    Translated........"created by and for, the benefit of those in Congress"!

    November 24, 2012 01:18 pm at 1:18 pm |