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Mark keeps saying I should use/write this stuff down that I think, that my take on things is different. See his influence in my latest blog entry: I r srs blogger. This r srs blog.
While I was working on that, I found this: "...Obama hasn’t got his math right.He claims that there is '$1 trillion worth of loopholes in the corporate tax code.' That is ridiculous. The entire corporate income tax collected only $372 billion in 2007."
Ok, the way I read that, $1 trillion worth of loopholes would indicate that there is $1 trillion that is leaving because of loopholes. If they're only collecting $372 billion when they should be collecting $1,372 billion, that's quite a loophole--an 83% deficit in corporate taxes. Imagine that.
I'm not sure the figures are right, I have not checked the quotes to see if it was actually said. This is not about the facts of this particular case. This is about the fact that I kept meaning to read Cato Institute stuff because they were supposed to be smart, but using it as a search term pulls up stupid statements like this. This makes me a sad panda.
While I was working on that, I found this: "...Obama hasn’t got his math right.He claims that there is '$1 trillion worth of loopholes in the corporate tax code.' That is ridiculous. The entire corporate income tax collected only $372 billion in 2007."
Ok, the way I read that, $1 trillion worth of loopholes would indicate that there is $1 trillion that is leaving because of loopholes. If they're only collecting $372 billion when they should be collecting $1,372 billion, that's quite a loophole--an 83% deficit in corporate taxes. Imagine that.
I'm not sure the figures are right, I have not checked the quotes to see if it was actually said. This is not about the facts of this particular case. This is about the fact that I kept meaning to read Cato Institute stuff because they were supposed to be smart, but using it as a search term pulls up stupid statements like this. This makes me a sad panda.
