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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (629938)9/30/2011 10:07:33 AM
From: i-node  Read Replies (1) of 1578271
 
Al says,

"..depends on how many tax attorneys and lobbyists one can afford. "

This is bullshit. Totally. The tax writing process is one that does not lend itself to lobbying influence and as a result, there are few provisions that a result solely of lobbying efforts. The JCT has a great degree of control over the tax writing process which has the effect of filtering out a lot of the lobbying effects normally found in legislation.

True, Congress can put anything it wants to into the IRC; but it normally goes through an intensive review and rework by the JCT and its staff long before becoming law. It isn't like some lobbying effort is going to have a direct effect on the tax code. It doesn't happen often.

As to how many attorneys one can afford, the marginal value of adding attorneys is minimal even for wealthy people. What is more apt to make a difference is how much one can afford invest in particular directions that may have tax benefits associated with them. Wealthy people can afford to invest, e.g., in tax-free municipal bonds. Of course, the other side of that coin is that congress made tax free bonds for a REASON, i.e., to encourage lending to municipalities which OTHERWISE WOULD NOT HAPPEN.
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