RightIsWrong
Diamond Member
- Apr 29, 2005
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Originally posted by: jrenz
Originally posted by: HomeAppraiser
Cheney donated his Halliburton blood money to take advantage of the 2005 Katrina tax loop hole that allowed 100% of his gift to reduce his tax burden. He is no saint, but neither are the Democrats or any politician for that matter. So can we stop the page long posts of name calling and "just all try to get along"?
Are you dead, retarded, or do you just like to ignore the facts, which were clearly laid out for you.
Cheney's donation had absolutely no effect whatsoever on his tax rate. He would have paid exactly the same amount in taxes on his income had he not made the donation. Katrina had nothing to do with it. If you look at the numbers, he received a 25% tax write off on that donation, which directly offset the portion of the donation
which he was taxed on. This left it a tax neutral transaction.
You saw the math, you tried unsuccessfully to dispute it, and now you keep spouting your BS like it never happened. We can't "all get along" as long as you keep posting lies.
Stop talking about something if you obviously have no intent of representing the truth of the matter.
I concede that you are right about Cheney's tax rate not being as effected as it appears (even though his tax bracket dictates that he pay about 35% and not the 27% that he did).
But this still brings up a simple question for you.....
If Cheney didn't slimely take advantage of the tax loophole created and intended for those that were wanting to help out the Katrina victims....would his REFUND have been as large?
That is where his real morally bankrupt transaction benefited him.