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Stein does it again! His take on private equity folk avoiding tax obligations is the best take on this I have seen.

 

Submitted: Jul 1, 2007    Views: 421    Comments: 2    Likes: 23   


View Article: http://www.nytimes.com/2007/07/01/business/yourmoney/01every.html?_...


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Comments Received:

JRodgers

It is a good article and he is pretty much on the money with this one, though not always.

Posted: Jul 1, 2007

RKagan

I saw a Congressman speaking on CBNC about this matter yesterday. I think it was Levin from Michigan. He was entirely correct. The rest of Congress and this butthead President have given in to the private equity industry's lobbyists in allowing them to get away with this. They keep coughing up this bit about how the industry will move to Hong Kong, Shanghai or London if taxed more heavily. That is a bunch of bullshit. This people should pay their taxes like everyone else. The most important principle of tax is that it is fair and equitable and when the richest people are actually paying less tax, it is not.

Posted: Aug 22, 2007



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