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LillianFaderman

Mike Pence Voted For Bill That Cost Him Tens Of Thousands In Income Tax

That ruling would have made the $673,797 deductible to Mike Pence, which could have wiped out his taxes for three or four years.  Unfortunately for him, Congress plugged that hole in 2002 with the Job Creation And Worker Assistance Act of 2002.  Congressman Mike Pence voted “Yea” both times on that bill when it came to the House.  So here, we have a Congressman who voted in favor of a bill that ended up costing him, by my back of the envelope computation, nearly $100,000. I really can’t tell whether he saw it coming, but we should probably give him just a little credit for that.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.