Skip to comments.ARIENRON! (Arianna Huffington Pays Virtually No Federal or State Taxes)
Posted on 08/26/2003 3:23:37 PM PDT by Pubbie
Arianna Huffington is currently running for Governor of California. Hey, who isnt? But Arianna has a very distinctive platform. She thinks we need to end corporate welfare and close the loopholes so that big businesses carry their fair share of the tax burden.
So I was interested to learn from Thursdays Los Angeles Times that Arianna doesnt pay any state or federal income tax. Shes got a gazillion-dollar-a-month divorce settlement from the gay Republican and an 8,000 square-foot seven-million dollar home in swanky Brentwood where she throws lavish celebrity parties. But she pays no income tax because in recent years shes reported some $2.7 million in tax deductions on her business.
Wow. I wish I was in that business.
Hang on a minute, I am.
Ariannas business is the same as mine. She sloughs off opinions hither and yon in print, on TV, on radio. Much as I do. Except shes far more prominent than I am. When you surf the channels, shes never not on. Yet her business claimed a net loss of a quarter-million dollars last year, while I paid a ton of tax. And Im not sure Id know how to claim over $410,363 in expenses anyway. Much to my regret, the columnar business is not the most lucrative in the world, but Ive always found that, aside from coffee and typing paper, the overheads are pretty low. Arienron Im sorry, I mean Arianna - says the business is cyclical because shes been doing research. $2.7 mil seems to me an awful lot of photocopying at the library. But that just goes to show why Im poor bumbling Dr Watson next to Ariannas Sherlock Holmes. Why, Holmes, what an amazing deduction!
Elementary, my dear Watson. By the way, did you get a receipt from that hansom cab driver?
Now The Los Angeles Times was careful not to imply that Ariannas doing anything illegal. Just as those fat cats with a mailing address in the Bahamas arent doing anything illegal. The only difference is that Arienron is a self-described compassionate progressive, which means business regulations and social programs, which boils down to tax-and-spend liberal. And, when it comes to tax-and-spend, if youre advocating a ton of the latter, you could at least make a contribution toward the former. The average Californian, tossing more and more of his income down the black hole of the bloated state governments deficit, might be disinclined to take lessons in tax policy from someone who doesnt pay any. Its not that its illegal, its that it looks so different from the average Californian tax return.
Nor, if I were your big-time chief exec, would I take lectures from Arianna on the need to clamp down on offshore tax havens like Bermuda and the Cayman Islands. The ability of businesses to nominally relocate to a Post Office box in the Caribbean is one of the few things holding the tax rates down at the only Mildly Obscenely Confiscatory level: you can imagine what theyd be like if the havens didnt exist.
But they always will, somewhere on the planet, and so will loopholes. The more loopholes you close, the more artfully crafted new loopholes bubble up somewhere else along the way. When they drop the big one, the first things to crawl out from the smouldering rubble will be the proverbial cockroach and a brand new post-nuclear tax loophole. So when Arienron rages against loopholes for fat cats, all she means is that the fat cats are doing exactly what she does: hiring the best professional advice to arrange ones tax affairs in the most favourable manner. By contrast, if youre, say, a single-mom waitress at Glory Jeans Diner out on Highway 73 just past the rusting grain elevator, you cant access that level of advice. So you just pay up.
If only subconsciously, Arienron understands this. Thats why, justifying her tax arrangements on her website, she explained, The majority of my business expenses went to salaries - salaries on which my employees paid taxes. My point exactly. In Ariannas world, the employees pay tax, but the boss doesnt.
Thats why if Arianna was really interested in all the little people she claims to speak for, shed realize shes looking at this thing upside down. You cant eliminate loopholes, but you can eliminate the need for loopholes. When you have a low-rate simple tax code, everyone pays, even Arienron, even her fellow fat cats. The more complex it gets, the more unfair it is on those who cant afford a tax lawyer. And the most obvious injustice in the tax code today is that its a huge sprawling labyrinth only the Arienrons can negotiate their way around.
Its comical how tone deaf Arianna Huffingtons campaign has been. Arnold Schwarzenegger is trying to tap the anger thats brought this recall campaign so far the people who are fed up with runaway spending, high taxes, bureaucratic featherbedding. Arianna seems to think theres another kind of anger out there people who are angry because they want more government programs, more regulation, more bureaucracies, and theyd be prepared to pay higher taxes for these blessings. Hey, I would too in her shoes. After all if you tripled Ariannas state income tax bill, youd get
lets see now, three times zero equals
Anyway, a brilliant skewering of Arianna Prostitutopolus.
Why in the world Arianna even has a voice in public policy is beyond my comprehension.
Arianna is a loon and a hypocrite, but even so this argument is the same populist/socialist nonsense thrown up at every wealthy republican who seeks office.
They all pay the taxes they legally owe.
Would any of us vote for someone so stupid they paid more taxes than they legally owed?
Let us not be hypocrites, making attacks on the basis of wealth or taxes paid by those we oppose, when we reject those attacks as invalid when aimed at conservatives.
But if I may, I suggest replacing Oliver Wendell Douglas played by Eddie Albert with non other than Bill O'Reilly!
He is as big a SUV bashing, global-warming enthusist as princess Arianna!
I'm surprised the IRS hasn't audited her and claimed that she is engaged in a hobby rather than a business.
What government position is Airyheaded Huffington anyway? If her position is up for election this event may harm her for the future.