New Port Richey, FL
So people get up-in-arms when they hear corporations use every legal tactic to lower or eliminate their tax burden.
Exactly how is this different from ordinary people trying to take every deduction they can? If everyone had enough money to make the investments, hire tax lawyers, and go through their tax liability with a fine-tooth comb in order to structure their finances so as to take advantage of every tax avoidance measure possible then ordinary people could do the same thing. The damage that would do to the federal budget is a completely different topic.
Knowledge is power and people need to educate themselves on how to maximize their tax avoidance strategy. Tax avoidance is perfectly legal, whereas tax evasion is not. There is a legal difference between the two.
If you are unhappy with the current tax code (and who isn't in some fashion) then change the politicians who write the code but don't blame companies or people who can take advantage of every legal break they can.
Always Reach Beyond Your Grasp
100% agreed. Amid all the shouting and crying, it is forgotten that the lawmakers didn't magically get to where they were without the help of the people who put them there. Hence, corporations are governed only by law, and not morality.