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In reply to the discussion: I thought maybe I could get most everyone here upset with me [View all]frazzled
(18,402 posts)75. Then Bernie should start in his own state of Vermont
which has become a massive tax-haven for corporations via the captive insurance business (which he has protected against government attempts to regulate it):
At conferences of the offshore insurance industry, next to the booth for Bermuda, can often be found one promoting Vermont.
While that may seem strange for a chilly, landlocked state, Vermont is an offshore haven in one very real sense: It offers American companies lucrative tax breaks through unusual insurance arrangements.
Vermont does the promotion the same way Bermuda does the promotion, noted Andrew Barile, an insurance industry consultant.
More than 560 United States companies, including Wal-Mart Stores, Starbucks and McGraw-Hill, have set up Vermont-based entities to insure their biggest risks and liabilities, giving them a tax benefit in the process. Vermont now rivals the Cayman Islands and Bermuda as the insurance destination of choice for American companies.
http://www.nytimes.com/2007/04/04/business/04vermont.html
While that may seem strange for a chilly, landlocked state, Vermont is an offshore haven in one very real sense: It offers American companies lucrative tax breaks through unusual insurance arrangements.
Vermont does the promotion the same way Bermuda does the promotion, noted Andrew Barile, an insurance industry consultant.
More than 560 United States companies, including Wal-Mart Stores, Starbucks and McGraw-Hill, have set up Vermont-based entities to insure their biggest risks and liabilities, giving them a tax benefit in the process. Vermont now rivals the Cayman Islands and Bermuda as the insurance destination of choice for American companies.
http://www.nytimes.com/2007/04/04/business/04vermont.html
For modest licensing fees, a small tax on premiums, and a friendly regulatory climate, Vermont provides a host of advantages for large corporations and wealthy families toward forming captives. Corporations can substantially lower their insurance costs, and captives provide shelter from certain federal corporate taxes. Premiums on small captives, also known as cell captives, hold special tax benefits for corporations. The benefits are so good, in fact, that in 2015 captive insurance was on the IRS Dirty dozen list of abusive tax scams
http://www.greenmountaindaily.com/2016/01/29/criminal-history-and-allvermont-loves-captive-insurance-companies/
http://www.greenmountaindaily.com/2016/01/29/criminal-history-and-allvermont-loves-captive-insurance-companies/
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Agreed. Regardless of whether one thinks it's a good or bad idea for him to run for President again
Tom Rinaldo
Nov 2017
#4
If it's income tax returns being spoken about, many trusted that he'd do so in the last campaign....
George II
Nov 2017
#86
Right. He couldn't make an issue of DT's unwillingness since he wasn't doing it either. n/t
pnwmom
Nov 2017
#11
The dems are partly responsible for the fact that the GOP has their boot on our neck.
CrispyQ
Nov 2017
#73
And in the meantime, how do we replace the union dollars that sustained us in the past?
ehrnst
Nov 2017
#40
For the record - you have changed the conversation from what I wrote about in the OP
Tom Rinaldo
Nov 2017
#50
The share of Millennials who identify as independent is up eight points since 2008.
progressoid
Nov 2017
#9
The movement away from Party identification toward Independent status perhaps...
Tom Rinaldo
Nov 2017
#77
I know several Independents. All they want to do is vote when it is time. They don't want to work
coolsandy
Nov 2017
#80
Actually it used to be that clever and earnest people strove to wealth so they could give their time
grantcart
Nov 2017
#38
There is never a shortage of ways in which those with wealth can use it for social good.
Tom Rinaldo
Nov 2017
#43
Your suggestion to eliminate contributions from rich contributors because enforcing regulations is
grantcart
Nov 2017
#53
Maybe the answer is NOT to wean the policital parties off big money. Instead...
Binkie The Clown
Nov 2017
#30
Wash, rinse, repeat, wash, rinse, repeat. Yup -- the Dems' policies bail the country out and then
Ukapau
Nov 2017
#37
I don't think it's news, or new, that money controls things in a country. Any country.
Honeycombe8
Nov 2017
#57
Had the Dems not sat back while they saw unions dying & jobs being offshored
whathehell
Nov 2017
#58
Bernie and Trump talked about similar things, which is why I kept saying Trump would win
adigal
Nov 2017
#65
It transcends individual political leaders and whatever shortcomings they might have.
Tom Rinaldo
Nov 2017
#79
With the Koch brothers and other deep pocketed contributors pouring hundreds of millions...
George II
Nov 2017
#83
Read through the replies, it has already been subject to a fair amount of discussion. n/t
Tom Rinaldo
Nov 2017
#85