Sen. Tom Coburn issued a report called: “Subsidies of the rich & famous.”
I thought I’d get a couple of posts out it, but it turned out to be old news (Bon Jovi calling his estate a bee farm and paying practically no taxes) … and the result of not means testing Social Security and Medicare.
Two of the subsidies did catch my eye:
1) Millionaires deducted more than $20 billion in gambling losses … though, even that’s not such a big deal since they simply offset gambling winning … they don’t deduct from ordinary income.
2) Millionaires copped almost $21 million in Unemployment Insurance … not a big amount, but c’mon man.
The Homa Files 
November 18, 2011 at 3:05 pm |
Almost as good as cut rate capital gains taxes!