Christmas Coloring Contest
The Kingman Daily Miner Logo
Trusted local news leader for Kingman, Arizona & Mohave County
3:03 AM Tue, Dec. 11th

Kingman Letter: Political donation a good investment

If anyone is wondering why Sheldon Adelson would donate up to $100 million to buy the election for Mitt Romney, there is a very good explanation - a $2 billion tax break over a period of four years and an 11,000 percent return on his initial $100 million investment.

According to CAPAF Director of Fiscal Reform Seth Hanlon, Romney's tax plan would help Adelson in the following ways:

"Cut top tax rates, saving Adelson approximately $1.5 million on his annual compensation as chief executive of his casino company.

"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 political 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 for future overseas profits. Adelson's casinos already enjoy a special foreign tax exemption from the Chinese administrative region of Macau, and Gov. Romney would make those foreign profits exempt from U.S. taxes as well.

"Eliminate the estate tax, potentially providing a staggering $8.9 billion windfall to Adelson's heirs."

This is the information's source:

And this is the result for only one person. Add in all the tax revenue denied America from all the other millionaires, billionaires and corporations, and we are talking about trillions of dollars in revenue that America will never see.

I have mentioned in many of my previous posts that people like the Koch brothers, Adelson and other wealthy donors would want something in return from Romney for the millions they are donating to the Romney campaign, and many of you posters called me a hysterical puppet too blind to see the truth. Well folks, here is the actual truth - or are you too blind to see it?

Lori Gabriel-Dane