Sunday, July 20, 2008

Maybe Kathy Taylor IS a Republilcan?

Tulsa Mayor Kathy Taylor apparently hates paying taxes so much, that she and her husband, Bill Lobeck, have established the holding company for their investments in the State of Nevada.

As postulated in the post below, 1132 Investment Co., which is the official owner of "Mayor Force One," is a Nevada company. The following is a screen capture and link from the Nevada Secretary of State's web site [which is a heck of a lot more citizen friendly and transparent than the joke of a site Susan Savage oversees].
1132 Investment Co. link.

I have heard it often speculated that Mayor Taylor doesn't take her salary for the Mayor's job, because if she did all of her income might be subject to Oklahoma income taxes. I'm not an accountant, so while this sounds logical to me, I can't be 100% sure it is true.

We also know that Taylor and her husband don't have two Homestead exemptions on their two mansions; one in Mid-Town Tulsa near the Lortons, and one in the Ft. Lauderdale area. What I don't know is which mansion has the exemption. I'm pretty sure the Florida abode is the winner on this one, though. Why?

To make an educated guess, let's ask the question, what states don't have a state income tax?

Answer: "Seven states have no state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Two others, New Hampshire and Tennessee, tax only dividend and interest income."

Let's see...mansion in Florida which is your primary residence for income tax purposes...Nevada based investment corporation that owns one of your "his and hers" private jets. Sounds like a well thought out strategy to limit your taxes to me.

To which I say, Bravo!

As a Republican and admitted Randian Objectivist, I think such behavior is what makes our capitalistic system churn. Keep your dollars invested in states that don't squeeze you. Put aside your ambitions to be Governor of Oklahoma some day. There are other, less expensive ways to maximize your political potential, like...I don't know...like spending the money of taxpayers stupid enough to not place their assets in shelters.

Most Democrat politicos believe, "There is no joy greater than the spending of other people's money."

That is, unless it's is the joy of keeping other Democrat politicos from spending YOUR money!
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The Nevada Secretary of State lists Kathy Taylor and her husband as two of the three officers in 1132 Investment. The third is Joshua C. Miller of Nevada Holding Services. Miller and NHS are decent supporters of George W. Bush. See link here.

NHS provides services for Nevada subsidiary corporations, sometimes called "holding companies."

A cached web link says the following about the company which now operated under the name of The Key State Companies:

I think that pretty much ices any speculation that the Mayor and the First Mister's Lear Jet is owned by a for profit tax shelter in another state.

Mrs. Susan J. Miller, also of NHS is a very solid GOP donor as well as a woman who likes to cover her bases. She gave the maximum $2,300 contribution to John McCain, Fred Thompson and Rudy Guilliani! Apparently she doesn't believe in covering her bases with the Democrats, though.

I guess Mayor Taylor likes working with Republicans when they can save her some cash. Never know when you're going to need a spare $4,500 for jet fuel to fetch a city councilor or two.

1 comment:

Dan Paden said...

You can't be a Randian Objectivist, not a consistent one, anyway--you're a Christian. The underlying premises and presuppositions are too different. Rand comes to many of the right conclusions, but her atheistic presuppositions render her system, as Francis Schaeffer would say, without an adequate base.

This is why she so often shoots her characters when they ask questions that, in a real atheistic world, would make perfect logical sense. If she didn't shoot those characters, the questions they ask would reveal that her atheism is insufficient to deal with the great truths of life.

I say this as someone who has read, literally, everything Rand wrote, with the exceptions of We the Living and Night of January 16th.

Ask Michael Bates about this sometime. I'm sure he can fill you in further on this point of view. Or, if you haven't read it already, you can read The God Who is There.

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