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Loopholes
Most people assume that tax loopholes are only used by evil people and companies to avoid paying taxes. In actuality, loopholes are also used by our rulers to avoid the limitations placed on them by the voters in regard to raising taxes. This really isn't a new tactic, but out on the Left Coast, the rulers of the PRC have a laundry list of new fees that they are anxious to raise in order to avoid having to comply with the two-thirds vote required to officially raise "taxes." Splitting hairs with terminology allows the rulers to simply rename levies as "fees" and be free to increase them as much as they want.
KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 4/23/2003 12:17:00 PM Send this post:
