Wednesday, September 29, 2010
Time to Release Pacur's Corporate Tax Records
I believe that it time for the people to join with the Democrats and demand that Pacur's tax records be released. In most cases and for most candidates I would be as against this demand as the Republicans and Ron Johnson. The difference in this case is that those records are relevant. Mr. Johnson's entire campaign is based on that the crushing tax code is killing his and other businesses in the country. He has disputed the government managed/ facilitated loans/ bonds/ grants as not being government supported. If that were true anyone would be able to get a couple of points knocked off a business loan which is not the case. We need to see these records so that we can determine how truthful these claims are. I would hope that he has paid huge taxes because a majority of corporations pay little or no taxes. Exxon a large company with record profits, headquartered in the US got a refund. so if Pacur did pay a lot in taxes they must have done something wrong. The tax code favors business the same way that it favors the wealthy. By optimizing expenses, depreciation, and interest paid, you can reduce your income (profit) to such a low level that you pay very little in taxes. This is not a bad thing but it is for someone trying to connect to people seeing 25% of their income taken for income taxes, 7.5% taken for Social Security, another 3% taken for Medicare, and then the State income tax.