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“Only the little people pay taxes.” (h/t Leona Helmsley)
I was about to write the same thing. She was the only one who was honest, and for that she went to jail. I think it’s time to create the Leona Helmsley Tax Cheat Identification Award and to give the first one to ProPublica. Only the rich are allowed to profit from their screw ups.
It’s a complicated story. To take one piece of it, it seems reasonable to me for a company to identify environmental cleanup costs as a cost, just like paying employees for production. Capital gain step-ups at death are huge loophole of course. Weaknesses in the tax code interact (and are defended reflexively by GOP politicians).
The real thing I was wondering about was the story behind the incompetent cleanup.
A dying woman with nothing to lose would rather pollute the ocean for years and harm the planet than pay taxes for schools, seniors,and public infrastructure.
Donate all you want to your pet charities, you’d still burn in hell. If there was a hell.