While your comments are on target and lucid, Roger, it would be encouraging to see some specific targets for revision. Are you aware of any analysts who have created a list of the "loopholes" that you would like to see closed or modified?
Financial disclosures can only partially answer questions about corporate accountability. ITEP identifies depreciation deductions, research credits, research expensing, and other provisions as contributors to the reported outcomes. Confidential tax returns prevent a complete reconstruction of each company’s liability. A zero federal income tax figure itself does not establish misconduct. But pair that with billion-dollar pre-tax incomes, and you've far exceeded the threshold of unfair.
Flat tax, no write offs? Everybody has "skin" in the game.
While your comments are on target and lucid, Roger, it would be encouraging to see some specific targets for revision. Are you aware of any analysts who have created a list of the "loopholes" that you would like to see closed or modified?
Financial disclosures can only partially answer questions about corporate accountability. ITEP identifies depreciation deductions, research credits, research expensing, and other provisions as contributors to the reported outcomes. Confidential tax returns prevent a complete reconstruction of each company’s liability. A zero federal income tax figure itself does not establish misconduct. But pair that with billion-dollar pre-tax incomes, and you've far exceeded the threshold of unfair.
Well said.