Sheldon Adelson Stands To Get $2 Billion Tax Cut If Mitt Romney Is Elected: Report

[Lakhota]

By Amanda Terkel

Casino mogul Sheldon Adelson's backing of GOP presidential candidate Mitt Romney may not just make political sense for the billionaire -- it may also be in his best interest financially.

Adelson has vowed to spend as much as $100 million to help sway the 2012 election. According to a new report by Seth Hanlon, the director of fiscal reform at the Center for American Progress Action Fund, Adelson could turn that investment into a $2 billion tax cut if Romney is elected.

From Hanlon's report on how Romney's tax plan could benefit Adelson:

More: Sheldon Adelson Stands To Get $2 Billion Tax Cut If Mitt Romney Is Elected: Report

 

[LadyGunSlinger]

G.E paid ZERO TAXES.. JEFFREY IMMELT.. OBAMA'S CORPORATE PAL.. Now what?!

 

[Sinjorri]

oh noes we hate success and rich people, until we become rich and successful, than we love it. you guys are hyprocrits to the end.

 

[Remodeling Maidiac]

Even if it happened I wouldn't give a fuck

 

[asterism]

By Amanda Terkel

Casino mogul Sheldon Adelson's backing of GOP presidential candidate Mitt Romney may not just make political sense for the billionaire -- it may also be in his best interest financially.

Adelson has vowed to spend as much as $100 million to help sway the 2012 election. According to a new report by Seth Hanlon, the director of fiscal reform at the Center for American Progress Action Fund, Adelson could turn that investment into a $2 billion tax cut if Romney is elected.

From Hanlon's report on how Romney's tax plan could benefit Adelson:

More: Sheldon Adelson Stands To Get $2 Billion Tax Cut If Mitt Romney Is Elected: Report

No, Adelson stands to not get an almost $2 Billion tax increase if Mitt Romney is elected. Read your own link, idiot.

 

[Avatar4321]

So someone keeps more of their own money. This effects me how?

 

[Politico]

Awesome!

 

[Lakhota]

So someone keeps more of their own money. This effects me how?

That's real Christian of you. Who's supposed to pay for Bush's wars and tax cuts - the poor and middle class?

 

[Lakhota]

By Amanda Terkel

Casino mogul Sheldon Adelson's backing of GOP presidential candidate Mitt Romney may not just make political sense for the billionaire -- it may also be in his best interest financially.

Adelson has vowed to spend as much as $100 million to help sway the 2012 election. According to a new report by Seth Hanlon, the director of fiscal reform at the Center for American Progress Action Fund, Adelson could turn that investment into a $2 billion tax cut if Romney is elected.

From Hanlon's report on how Romney's tax plan could benefit Adelson:

More: Sheldon Adelson Stands To Get $2 Billion Tax Cut If Mitt Romney Is Elected: Report

No, Adelson stands to not get an almost $2 Billion tax increase if Mitt Romney is elected. Read your own link, idiot.

Did you flunk basic math?

 

[Erand7899]

By Amanda Terkel

Casino mogul Sheldon Adelson's backing of GOP presidential candidate Mitt Romney may not just make political sense for the billionaire -- it may also be in his best interest financially.

Adelson has vowed to spend as much as $100 million to help sway the 2012 election. According to a new report by Seth Hanlon, the director of fiscal reform at the Center for American Progress Action Fund, Adelson could turn that investment into a $2 billion tax cut if Romney is elected.

From Hanlon's report on how Romney's tax plan could benefit Adelson:

More: Sheldon Adelson Stands To Get $2 Billion Tax Cut If Mitt Romney Is Elected: Report

Or, he could give that $100 million to the Obama folks, open up a couple of wind farms, and a factory to build solar panels and rake in a couple billion in stimulus grants and loans.

 

[Lakhota]

Sheldon Adelson Saves $2 Billion Under Romney's Tax Plan

 

[asterism]

More: Sheldon Adelson Stands To Get $2 Billion Tax Cut If Mitt Romney Is Elected: Report

No, Adelson stands to not get an almost $2 Billion tax increase if Mitt Romney is elected. Read your own link, idiot.

Did you flunk basic math?

No.

According to your link:

• Maintain the special low rates on dividends, potentially saving Adelson nearly $120 million on a single year’s worth of dividends, more than enough to recoup his politi- cal donations.

• Maintain the special low rates on capital gains, allowing Adelson to make back his political donations in capital gains tax cuts just by selling a fraction of his stock.

• Provide a tax windfall of an estimated $1.2 billion to Adelson’s company, Las Vegas Sands Corp., on untaxed profits from its Asian casinos, as well as a tax exemption forfuture overseas profits. Adelson’s casinos already enjoy a special foreign tax exemp- tion from the Chinese administrative region of Macau, and Gov. Romney would make those foreign profits exempt from U.S. taxes as well.

These aren't tax cuts. These are continuations of current tax rates.