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The Mosaic Company Message Board

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  • rlbeard6734 rlbeard6734 Mar 10, 2012 3:44 AM Flag

    If Obama lowers FICA taxes for Employees...

    and do you know he gets a huge writeoff for doing so, he donates long term capital stock and by donating it he doesnt pay taxes on its increased value but he gets a deduction for the full value against his regular income. so if he has a stock he paid $5 for and it is now worth $100 he has no income on his tax return but a $100 loss. It is one of those loopholes that should be closed. Now do you know where most of the Gates foundation money goes? to Planned Parenthood.

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