Originally Posted by Vegas_Bronco
Why hasnt obama changed the loopholes? Because he enjoys the same benefits...with less000s. You r pretence that this is unique to mitt is ignorant.
1 - This specific loophole got closed in 1997.
2 - Obama wasn't worth what he currently is in 1997, and probably had no where near the amount of money that would enable him to do this in a cost effective way and be able to retain any of his income.
3 - I don't know how much we should care that Romney is doing this... he is gaming the system, but it is the system. I do think its important for everyone to know how the system can be manipulated or to change the system so that it can't. Thats the problem a lot of us lefties have, we just want an equal playing field where someone like Mitt is going to have the exact same tax consequences as someone like me. I don't really care if my taxes go down or up, as long as its in correlation to everyone else in the country and the information is easily accessible by all to understand what the tax standards/code is.