Public Pensions


by DoggerDan
Tags: pensions, public
DoggerDan
DoggerDan is offline
#73
Nov17-11, 03:15 PM
P: 77
Quote Quote by WhoWee View Post
White House officials defended the provision, saying it was a deliberate effort to eliminate what they said was an unusually generous tax loophole."[/I]
Hmm... So it's ok for the government to raise public debt by trillions, but it's not ok for corporations to use an intentionally-created tax break valued in the millions.

Apparently, it's also ok for the Obama administration to falsely slight those who created it by wrongly referring to it as a "loophole."

I agree with the points you make, WhoWee.
WhoWee
WhoWee is offline
#74
Nov17-11, 03:24 PM
P: 1,123
Quote Quote by DoggerDan View Post
Hmm... So it's ok for the government to raise public debt by trillions, but it's not ok for corporations to use an intentionally-created tax break valued in the millions.

Apparently, it's also ok for the Obama administration to falsely slight those who created it by wrongly referring to it as a "loophole."

I agree with the points you make, WhoWee.
I think calling this a "loophole" is very deceptive. Likewise, calling it a "tax break" implies the companies are receiving some type of benefit. This tax deduction is designed to account for payments made by the employer for the retiree benefits. If the companies have to pay taxes on the funds they've spent - they will stop paying. This (IMO) should be a legitimate business expense.


Register to reply

Related Discussions
under funded pensions Social Sciences 1
Does anyone know when the LHC will be open to the public again? General Discussion 15
Quantum Physics and the Pensions Crisis Current Events 1
Good riddance to pensions Current Events 28
Public Groups? Forum Feedback & Announcements 4