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10 ways billionaires shirk taxes

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why should billionaires get to avoid taxation
divine right of kings :king: 11%  11%  [ 1 ]
well at least they aren't on welfare :doh: 22%  22%  [ 2 ]
i don't know. :shrug: 0%  0%  [ 0 ]
unfair. :x 22%  22%  [ 2 ]
where's my thousand-dollar saffron ice cream? :chef: 44%  44%  [ 4 ]
Total votes : 9

funeralxempire
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03 Jul 2022, 11:04 pm

Fnord wrote:
Sweetleaf wrote:
Or they could you know, just pay their damn taxes.

If you live in a society, you pay taxes what is so hard to comprehend about that for some people.
Oh, they pay their taxes, alright. It is just that, because of their investments and corporate ownerships, they can claim more deductions than your average wage-earner, and therefore are required to pay fewer taxes.

A billionaire can (in theory, at least) legally pay no taxes at all


That's a resolvable issue, supposing the political will to correct it existed.


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auntblabby
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04 Jul 2022, 2:43 am

Texasmoneyman300 wrote:
Fnord wrote:
Sweetleaf wrote:
Or they could you know, just pay their damn taxes.

If you live in a society, you pay taxes what is so hard to comprehend about that for some people.
Oh, they pay their taxes, alright. It is just that, because of their investments and corporate ownerships, they can claim more deductions than your average wage-earner, and therefore are required to pay fewer taxes.

A billionaire can (in theory, at least) legally pay no taxes at all

Ya that is exactly right.

exactly right and exactly wrong at the same time, wrong in that it will inexorably lead to the corrosion of the body politic via cynicism of the working majority of the nation who live on wages/salary as opposed to capital gains/interest/dividends.



auntblabby
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04 Jul 2022, 2:45 am

IMHO wall street needs a transaction tax. wild speculation is of dubious value, and i can't think of a better way of ending it, by making it too damned expensive.