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corruption
How billionaires and the ultra-wealthy avoid taxes and fight the IRS
submitted 1 month ago by Cancelthis from vox.com
[–]GuyWhite 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - 1 month ago (1 child)
The person who wrote this doesn’t understand economics or investments.
[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 month ago (0 children)
many such cases
[–]Jiminy 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 1 month ago (0 children)
vox hasn't laid everyone off yet?
[–]iamonlyoneman 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 1 month ago (0 children)
Is it by complying with the laws that were written to help rich people stay rich?
[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 month ago (0 children)
Yeah, many of them are not a benefit and others aren't really a tax benefit, but the ability to make a business out of holding money.
This article points out the real problem:
An overly complex and poorly defined tax code.
When you have a graduated tax scale like ours, where the more you make the more you pay in taxes, things are about as fair and "tax the rich" as possible.
Yet that wasn't good enough. Legislators bastardized that into this endless mess of failed authoritarian exemptions and special features a mile long. You can thank your moronic, but overly confident, regulators, whom ruin everything and turn it into market-manipulating socialism regulations.
Because of this, any time a politician says they are going to raise taxes on the rich, they really mean they are raising taxes on the middle class, furthering the wealth divide. The communists love this, because then the poor get poorer and become more dependent on them.
[–]GuyWhite 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - (1 child)
[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–]Jiminy 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)
[–]iamonlyoneman 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)
[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)