Wed Dec 12, 2012, 12:43 AM
Playinghardball (11,659 posts)
5 replies, 772 views
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If only more rich people were like this. (Original post)
|Egalitarian Thug||Dec 2012||#4|
Response to Playinghardball (Original post)
Thu Dec 13, 2012, 05:10 PM
HiPointDem (20,729 posts)
5. if only more rich people paid living wages & fair taxes instead of doling tax-deductible charity.
Rock star Jon Bon Jovi apparently only paid $100 worth of property taxes in the last fiscal year because he uses the land to raise bees- a move that receieves government subsidies, and was joined by fellow New Jersey-native Bruce Springsteen who got money back for leasing land to an organic farmer.
Both media mogul Ted Turner and former NBA star Scottie Pippen receive farm subsidies for land that they own.
Rather than profiting from his land, famed music producer Quincy Jones- credited with driving Michael Jackson to his success- received a $250,000 award from the National Endowment of the Arts.
These subsidies come through unemployment checks, Social Security payments, farm subsidies and numerous tax credits.
The report notes that in tax year 2009, nearly 1,500 millionaires paid no federal income tax.
I'm sick of laudatory media articles about rich people giving out charity. Scratch any of these charities you'll generally find the donors benefit more than the recipients.