Cal Thomas column was dangerously dumb
December 03, 2012 11:00 pm
• Last Updated: December 03, 2012 3:34 pm
Cal Thomas' advice in his columnn, "Time for taxpayers to go on strike?" (Nov. 30), in The Day on how to deprive the government of tax revenue by investing income in excess of $250,000 in municipal bonds is neither legal nor credible.
Anyone with a rudimentary knowledge of the tax code knows that investments are not allowed as deductions from income regardless of whether they are invested in bonds, stocks, or hidden in the Cayman Islands. His column should be placed in the "stupid" category.
You do your readers a disservice by publishing such misleading information. If you really want us to know how the rich avoid taxes, get Mitt Romney's tax advisor to write a column for you, not Cal Thomas.