“The U.S. has a narrow high tax system. So,
Congress provides exits. Your GS friends
made $2 Billion and paid zero taxes. When
Grandfather was here, he got a copy of every
tax bill Congress passed and would give us
a list of the code items that would never
make it to IRS Pubs. After Grandfather left
we found an accountant who provides the
same service. We exchange services…she
keeps our taxes close to zero, and we build
her trading account.” ~paula

I found that on a site that had charted the Quarterly Tax Receipts to Treasury, and found it interesting. The GS is Goldman Saks, and we know how much they’ve spirited out of our treasury. Now you see how they do it; Congress puts exits – tax breaks – in bills that the IRS never divulges to John Q. Public unless JQP knows where to look!

Damn but I didn’t know it was this late. Goodnight!

Stand by for fun; I just clipped some of this and added it to FreeRepublic.com. I was going to use the Bloomberg story to get them here, but then Bloomy won’t allow any of their content on FR. They’re missing a lot of hits with that short-sighted attitude, much like most of the rest of the dead-tree media.

Oh, and in case anyone else wonders, my opinion is that NNDB gives us a headache because its a primarily lefty site; but then DTN gives them a run for that from the correct side, the Right!     ;^)