Re: But a tax loophole is not a givaway

Now stick with me for one minute before we talk markets-impact, okay? I want to be clear about the ambiguous Âa change in the tax treatment of the Medicare Part D subsidyÂ line there. HereÂs what facts are:

As explained in plain English in todayÂs Wall Street journal, Âcompanies that provide this [Medicare Part D] benefit, as AT&T does, receive a federal subsidy, plus they can deduct the value of this subsidy from their taxes. The health overhaul cancels the deductibility of the subsidy.Â

Let me ask a question of readers here in even plainer English: Can anybody actually be upset about the fact that giant corporations have to stop taking tax deductions for welfare checks they get for providing health care to their employees and retirees?

Imagine if you will, the government sending you a check to pay for your prescription drugs and then you getting to deduct that amount from your income tax statement. HEY, BIG GOVERNMENT, KEEP YOUR DAMN HANDS OFF MY SUBSIDIES AND ENTITLEMENTS!

source: http://blogs.marketw...r-your-portfolio/

Post #323,756 by lincoln 3/30/10 12:10:12 PM Reply	Re: But a tax loophole is not a givaway Now stick with me for one minute before we talk markets-impact, okay? I want to be clear about the ambiguous Âa change in the tax treatment of the Medicare Part D subsidyÂ line there. HereÂs what facts are: As explained in plain English in todayÂs Wall Street journal, Âcompanies that provide this [Medicare Part D] benefit, as AT&T does, receive a federal subsidy, plus they can deduct the value of this subsidy from their taxes. The health overhaul cancels the deductibility of the subsidy.Â Let me ask a question of readers here in even plainer English: Can anybody actually be upset about the fact that giant corporations have to stop taking tax deductions for welfare checks they get for providing health care to their employees and retirees? Imagine if you will, the government sending you a check to pay for your prescription drugs and then you getting to deduct that amount from your income tax statement. HEY, BIG GOVERNMENT, KEEP YOUR DAMN HANDS OFF MY SUBSIDIES AND ENTITLEMENTS! source: http://blogs.marketw...r-your-portfolio/ "Chicago to my mind was the only place to be. ... I above all liked the city because it was filled with people all a-bustle, and the clatter of hooves and carriages, and with delivery wagons and drays and peddlers and the boom and clank of freight trains. And when those black clouds came sailing in from the west, pouring thunderstorms upon us so that you couldn't hear the cries or curses of humankind, I liked that best of all. Chicago could stand up to the worst God had to offer. I understood why it was built--a place for trade, of course, with railroads and ships and so on, but mostly to give all of us a magnitude of defiance that is not provided by one house on the plains. And the plains is where those storms come from." -- E.L. Doctorow
Post #323,761 by boxley 3/30/10 12:22:08 PM Reply	like I said, money not held by the government is stolen from the people. We know that is your viewpoint If we torture the data long enough, it will confess. (Ronald Coase, Nobel Prize for Economic Sciences, 1991)
Post #323,782 by crazy 3/30/10 5:00:51 PM Reply	Well, yeah So stop allowing them to steal it from me to support these corporations. http://iwt.mikevital....iwt?postid=26915
Post #323,784 by boxley 3/30/10 5:19:14 PM Reply	hey you elected em suck it up :-) If we torture the data long enough, it will confess. (Ronald Coase, Nobel Prize for Economic Sciences, 1991)
Post #323,786 by crazy 3/30/10 5:23:21 PM Reply	No clue what this means

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