Well well well, Mr. Sinegal (like Warren Buffet ), has ULTERIOR MOTIVES after all....
FROM THE ARTICLE:
Last Wednesday, Costco announced that it would borrow $3.5 billion so that it could pay a special dividend of $7 a share before the end of the year. Call it a six-year advance on the companys current annual dividend of $1.10 per share. According to The Wall Street Journal, Mr. Sinegal owns two million shares, and will collect $14 million which will be taxed at the current 15% rate instead of the 43.4% rate called for by the President he supports. By paying out the dividend before year end, Mr. Sinegal alone will avoid paying $4 million in taxes to support all that he favored in his Convention speech: government funded education, innovation and research, affordable energy, safe and efficient transportation system, and, of course, paying down the governments debt.
Talk is cheap. Paying taxes is expensive and worth avoiding even by those who believe in government and taxing the rich.
One does not need any advanced logic to come to this conclusion.
IF: Obama said it won’t hurt the 98%
THEN: It most definitely will hurt the 98%.
Because the Obamadork is an ill-educated, quota baby lying piece of excrement...on his best days.
From Twitter -
Obama Holds Mortgage Deduction Hostage
WASHINGTON (Reuters) Taking to Twitter to press his case in “fiscal cliff” talks with Congress, President Barack Obama said on Monday that tax breaks benefiting middle class families such as the mortgage interest deduction could be at risk if rates for top earners do not rise
In other words, Obama is holding peoples home mortgage deduction hostage.
The president answered questions on Twitter for about an hour on Monday as part of his campaign to pressure Republicans in Congress to accept an increase in taxes for the wealthiest Americans as part of a deficit-cutting package.
One questioner, who identified herself as Emma Robertson, expressed concern that popular tax breaks for homeownership could be threatened in an eventual deal.
“As a home owner, I worry deductions for home owners are at risk. Is that the case?” she asked in a tweet.
By the way, this question was probably not out of the blue. In fact, her question was re-tweeted by Jay Carney.
Obama responded that such tax breaks were important for middle class families and could be at risk if taxes for the wealthiest Americans are not increased.
“Breaks for middle class impt for families & econ. if top rates dont go up, danger that middle class deductions get hit bo,” the president said via Twitter.
Obama signs his initials BO to tweets that he writes himself. In this tweet, “impt” stands for important and “econ” stands for economy
Asked by one questioner why he was opposed to taking away deductions from the top 2 percent of U.S. earners rather than raising their rates, Obama said such a move would not raise enough revenue unless charitable deductions were scrapped.
“Less revenue = more cuts in education,” he tweeted.
None of which is true. The CBO says ending the Bush tax rates for the rich will only raise $82 billion. Ending and/or limiting deductions would raise a lot more money than that.
He told another questioner that he was open to compromise and did not expect to get everything he had asked for in his budget proposal
And yet Obama has never shown where he would compromise one iota.
Agree. During WWII fed tax rate for the top bracket was raised to 90%. However net effective tax rate was only about 15%. Which is about what it is now.
Boycott Costco it is easy... shop online and go to Sam’s
It’s all part of the con.....the “Stall”. Look over here while I pick your pocket. It’s frustrating enough that they’re doing it, but it’s really frustrating watching so many people fall for it again and again.
If it were not so easy to redirect blame, he wouldn't try it. But Boehner probably already has a public apology letter written. :)