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What kind of reform
Do not use F word. It is no good to a Pink cute lady like you
I didn't use the F word.
Rich people ( in America) foot 60% of the tax burden. Look up the numbers for the US of people with such low income they don’t qualify to pay taxes ( I am one) sure, there are rich folks that cheat, hide money or assets from the tax man, there are also middle and low income folks that do the same. One cure would be a felony law against offshore accounts… with a global economy that would be nigh impossible and burden of proof would be on government.
They could tax rich people at 50% and it wouldn’t even come close to the amount of revenue a million poor people taxed at 1% would be. Which is why they’re targeting people with $600 in their accounts if the new IRS proposal in the infrastructure package goes through.
@DarkWinterNights I want 100% tax after $200 million net worth.
@Recurrence, They would probably just put them into tax havens or llc’s. They have ways around almost everything. They’re rich, they own the world and us plebs pay for it. Most of our Congress are millionaires and they aren’t going to vote to tax themselves when they can just tax us more and pretend to be on our side.
@DarkWinterNights , so people that work their ass off, save, invest wisely and do well should pay a bigger percent than poor folks? News flash, they already DO, next…
And if they enact that America will crumble, all the rich will take their money and leave, leaving middle and lower class to cover the tax burden, NOW, you’ll be paying 100% tax after $10,000.00, you cannot force people to stay, you can’t force them to pay exorbitant tax, there are many legal loop holes and IRS plans to defray taxes. It is a complete socialist pipe dream that they think they are going to redistribute anything that belongs to someone else.
The rich are also the biggest recipients of welfare and the biggest tax cheats known to man.
@Juxtapose , define “ cheating” because the IRS is very good at catching cheaters, what they cannot do is go after people that use legal tax shelters, deferments, or trusts to legally lower their tax burden, and those things aren’t illegal even if think they are. Americans are way overtaxed anyhow. If we have money to send billions$ to every other country on the planet, we’re paying way too much tax.
@rcljr The loopholes put in place there for the rich because they bribe politicians is illegal by its very nature.
@DarkWinterNights , rich people DO own the companies that have jobs, unless you can become rich, you’ll be stuck working for people with money to pay your wage, and if they get taxed too much they 1. Fire people2. cut back inventory 3. Raise prices, in that order, they don’t have to share their wealth, it’s theirs, not ours.
@Juxtapose , tell Congress to fix it, I’m sure they’ll fix it just like everything else they touch.