Congressional Members and Stock Trading

#51
#51
Orangeburst said:
It is a rabbit hole in the system for sure, but I dont think we need rabbits to make law..Corny. Nice dig at Tump though..

Frankly, we are too big to be governed by 535 and should apply the 10th. That is live and let live, not this burden on the national populace.
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I was thinking about our VN friends who espoused that argument more than Trump.
 
#54
#54
clarksvol00 said:
It depends on the lawyer.
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Anecdote..50 years ago my Dad was sourced to review a clients taxes after a previous CPA firm. Guess what? Found enough savings that the client offered to pay for a family trip to Hawaii. And no my dad turned it down.

Now tell me how this complex system of taxes works for everyone in which a Bezos of the world, or my Dad's client benefit?

The whole system is rotten, and yes written by lawyers who have no understanding of any real life issues faced by you and me. Manipulation is a lawayers game.
 
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#55
#55
Orangeburst said:
Anecdote..50 years ago my Dad was sourced to review a clients taxes after a previous CPA firm. Guess what? Found enough savings that the client offered to pay for a family trip to Hawaii. And no my dad turned it down.

Now tell me how this complex system of taxes works for everyone in which a Bezos of the world, or my Dad's client benefit?

The whole system is rotten, and yes written by lawyers who have no understanding of any real life issues faced by you and me. Manipulation is a lawayers game.
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Manipulation is a politicians game, too. Out of 535 congressmen and senators, 200 are lawyers. If you think a majority of the remaining 335 have a special understanding of the average American, you're in for a rude awakening.
 
#56
#56
clarksvol00 said:
A few thoughts...

I'm not sure that Congress needs to reflect the occupational makeup of the US citizenry.

The "look for loopholes" comment makes me think about all the times I've seen posters say its okay to use tax loopholes. Why is a loophole in tax law any different than a loophole in any other law? Does that make all the people who bragged about using loopholes to minimize their tax burden shady?

In some businesses, having a good lawyer and a good accountant can save you a lot of headaches.
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Loopholes in tax law and regulatory code (for starters) very likely lead back to your call for campaign finance reform. Those loopholes are the payback for campaign finances that keep the incumbents in business. People with vested interests don't buy legislators for no reason at all.
 
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