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There aren’t many things upon which Hillary Clinton and Donald Trump agree, especially as they court very different Delaware voters ahead of a primary on Tuesday. But the candidates for president share an affinity for the same nondescript two-storey office building in Wilmington. A building that has become famous for helping tens of thousands of companies avoid hundreds of millions of dollars in tax through the so-called “Delaware loophole”.
The receptionist at 1209 North Orange Street isn’t surprised that a journalist has turned up unannounced on a sunny weekday afternoon.
“You know I can’t speak to you,” she says. A yellow post-it note on her computer screen reads “MEDIA: Chuck Miller” with the phone number of the company’s director of corporate communications. Miller can’t answer many questions either, except to say that the company does not advise clients on their tax affairs.
Both the leading candidates for president – Hillary Clinton and Donald Trump – have companies registered at 1209 North Orange, and have refused to explain why.
how can both be hypocrites when only one of them ( Hillary) is speaking out against such practices?
trump has been very open about him using the system to benefit him and his companies.
in any event, neither did anything wrong.... their actions are perfectly legal.... and pretty smart, as well.
"The Trump Tax Plan Is Revenue Neutral
The Trump tax cuts are fully paid for by:
1.) Reducing or eliminating most deductions and loopholes available to the very rich.
3.)Reducing or eliminating corporate loopholes that cater to special interests, as well as deductions made unnecessary or redundant by the new lower tax rate on corporations and business income. We will also phase in a reasonable cap on the deductibility of business interest expenses."
https://www.donaldjtrump.com/positions/tax-reform
Read more @: Trump and Clinton share Delaware tax 'loophole' address with 285,000 firms
Clinton and Trump, both openly hypocrites, both abuse tax loopholes. Sometimes they share a building that lets them abuse a loophole. [/FONT][/COLOR]
and?...make you case as to how he's a hypocrite?
Hes in favor eliminating said loopholes but he uses them. AKA the same way Clinton is hypocrite here bechase she is in favor of eliminating loopholes but is using them....
Dude, WTF?I can't stand corporate loopholes!
And the SCOTUS can take "corporate personhood" and stick it where the sun don't shine!
I can't stand corporate loopholes!
And the SCOTUS can take "corporate personhood" and stick it where the sun don't shine!
yeeeeeeah....but! The idealist part of me strongly agrees with your argument, but the pragmatist part of me says to hold on here. If you were rich and could save a lot of money by basing your corporation in Delaware instead of Michigan or wherever, would you not do so?
I see it as no different from what we each do on our taxes. I think it's not right that I get to deduct the meals that I provide for my paying residents...but I can, and as long as it's legal, I will continue to do so. If it came up on the ballot, I'd vote to get rid of that deduction, but as long as it's legal, while it might be hypocritical to deduct it while supporting ending that deduction, it's also hypocritical to not use every legal tool at my expense to make this business work.
And that's why I blame neither Trump nor Hillary in this instance.
Yeah, it's always amusing to see the unwashed masses learn a new thing or two only to forget two years later. Delaware has been a business venture haven for a very long time. We can thank Joe Biden for it.Dude, WTF?
There is no amendment for corporate personhood. And this delaware thing has been going on since the 80s
I have no idea what you're attempting to debate here.Dude, WTF?
There is no amendment for corporate personhood. And this delaware thing has been going on since the 80s
To the bolded:yeah.... no.
corporate personhood is a very good thing.... for all of us.
three might be a few things you don't like corporations doing, but you do not want to do away with corporate peronshood.... that would be incredibly incredibly harmful to the entirely of our country.... in fact, it would literally destroy the entire economy.
I don't mind loopholes.....another phrase for loopholes is "legal activity"
Read more @: Trump and Clinton share Delaware tax 'loophole' address with 285,000 firms
Clinton and Trump, both openly hypocrites, both abuse tax loopholes. Sometimes they share a building that lets them abuse a loophole. [/FONT][/COLOR]
Hes in favor eliminating said loopholes but he uses them. AKA the same way Clinton is hypocrite here bechase she is in favor of eliminating loopholes but is using them....
we like to hold corporations accountable to the law, we like to file suit against them in the case of wrongdoings, we like to invest in them but not be legally liable for more than we put in, we like to have them lobby government for us ( especially when it comes to unions and associations)... the list goes on and on and on... all of it possible only through recognizing them as a legal person.To the bolded:
And how is that?
I have no idea what you're attempting to debate here.
The bolded is the only legit reason for a corp that I see, and it was the original rationale for their coming into existence.we like to hold corporations accountable to the law, we like to file suit against them in the case of wrongdoings, we like to invest in them but not be legally liable for more than we put in, we like to have them lobby government for us ( especially when it comes to unions and associations)... the list goes on and on and on... all of it possible only through recognizing them as a legal person.
Or perhaps, I'm simply against the proliferation of corporate entities above and beyond their original intent (private and public works of great public interest).You're making non sensical arguments that I think you're trying to throw at Citizens United, but it's hard to tell
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