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Yes they will invest. Always with the excuses. Just because their income is taxed at same rate as others is NOT going to cause them to start hiding their money under their bed.
www.propublica.org
No intelligent discussion of how tax laws should be changed in our national interest can occur until Americans have a clearer picture of how the system as a whole really works. ProPublica has been probably the leading investigative journalist in uncovering this usually hidden reality. They, as here, regularly report on the growing oligopoly of billionaire capitalists that most definitely avoid paying anything like “their fair share of taxes”:
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
i'm not into ugly broads.You listen to GOP propaganda instead of news, Super Duper. A real chump of the rich....
Wealthiest Americans pay just 3.4% of income in taxes, …
WebApr 13, 2022 · Wealthiest Americans pay just 3.4% of income in taxes, investigation reveals | US income inequality | The Guardian. Michael Bloomberg, who earned an average of $2.05bn a year from 2013 to 2018 ...
You are insulting and come off as a partisan hack. I am not a Democrat and will only point out that the IRS has not been authorized to change tax laws but merely to try to enforce them. In my opinion they haven’t been doing a very good job even of enforcing existing laws — especially when they need to confront the plutocrats and corporations with their armies of accountants and lawyers.So, the IRS is a failure? And Existing Tax law does not work? Why didn't your shheatbags fix it? Obiden 1.0? 2.0?
SHUP you dumb OX.
Once again!We talk about percentages because that's what makes sense and is intelligent. Millionaires paid 6% in federal income taxes on average and they paid a hell of a lot more than you. idiocy.
How many jobs do that 40% of earners provide? How much in taxes do all those employees of that 40% pay?No they don’t.
Read the chart
View attachment 797942
Upper middle class have 11.1 percent of wealth
Why do you want to raise taxes on the 40 percent who have 3/10 of a percent of wealth?
Are you that cruel?
Not at all, simply reduce the rate of our booming DEBT.There you have it
Make the working poor pay more so that you can cut taxes on the wealthy
Flat Tax
Why do you want to shift the tax burden to the poor?
Those that supported and promoted the demise of America will be the first to be eaten. “The revolution often devours its own children”.I do not see the stuff you guys see. Thankfully.
Who suffers more when gas, groceries and basically all Necessities and everything else are exponentially higher than what they were under Trump? Ain’t the rich.Tax the poor
Republican America
You should study the difference between “income earned” as declared on tax reports and “increases in wealth” which are not reported to the IRS at all. The importance of this difference cannot be over-emphasized.Once again!
www.propublica.org
As you know, taxing wealth is unconstitutional. So your yada, yada is a moot point.You should study the difference between “income earned” as declared on tax reports and “increases in wealth” which are not reported to the IRS at all. The importance of this difference cannot be over-emphasized.
Most of us have to work and are taxed on the income we get by the sweat of our labor, regardless of whether we are renters taking public transportation to work or have a home and have managed to accumulated other assets. Billionaires and most two and three digit multi-millionaires are different. They don’t have to work at all, but they have for decades enjoyed spectacular and regular increases in completely untaxed “wealth” which is simply not considered income. How this is possible, how it is encouraged by our tax system and ignored in your Heritage Foundation colorgram is explained here:
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
As you know, taxing wealth is unconstitutional. So your yada, yada is a moot point.
IF we were to tax increases in wealth, would the government give tax credits if someone's wealth decreases?
How many jobs are provided by low-income earners?
How much income tax is collected from all the employees of those "RICH PEOPLE" you disdain?
How many jobs are provided by low-income earners?
Agree. He cannot run on the usual Democrat promise to raise taxes on the rich, given his own son’s evasion.It's one of the few things I agree with him on. Sadly though, he doesn't really believe it and it does look really bad right now for him to start running on it again.
