I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
See Trump, Donald.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.
If this is true then the solution would be to lower the tax rate on the “non wealthy”.
And in fact when tax credits such as the EITC and CTC, then tax rate is lowered substantially to the point of negative in many cases.
I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
See Trump, Donald.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.
anybody can write off a yacht and an airplane if writing off personal shit is legal
They are "business expenses". The bar isn't hard to get there.
Hondo is a tax cheat. Good to know
You don't read well. I didn't expect you to understand anyway.
I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
See Trump, Donald.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.
anybody can write off a yacht and an airplane if writing off personal shit is legal
They are "business expenses". The bar isn't hard to get there.
Hondo is a tax cheat. Good to know
You don't read well. I didn't expect you to understand anyway.
I read perfectly. You fudge your personal expenses as business expenses and are a tax cheat. I expect nothing less from a lying leftist like you.
“The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 … Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.”.—Milton Friedman , Two Lucky People, 233
“The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 … Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.”.—Milton Friedman , Two Lucky People, 233
^this
Of course HondoBros think it was caused by “capitalism”
“The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 … Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.”.—Milton Friedman , Two Lucky People, 233
^this
Of course HondoBros think it was caused by “capitalism”
I actually like Volcker a lot and he did his country a great service, albeit with some short term misery to break the cycle of stagflation.
I could get behind the idea though of ending the Fed and just going with some sort of formula like Friedman advocated to keep the supply of money flowing at the optimal amount. Obviously, in 1929 - 33 we should have opened the spigot.
I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
See Trump, Donald.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.
anybody can write off a yacht and an airplane if writing off personal shit is legal
They are "business expenses". The bar isn't hard to get there.
Hondo is a tax cheat. Good to know
You don't read well. I didn't expect you to understand anyway.
I read perfectly. You fudge your personal expenses as business expenses and are a tax cheat. I expect nothing less from a lying leftist like you.
I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
See Trump, Donald.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.
anybody can write off a yacht and an airplane if writing off personal shit is legal
They are "business expenses". The bar isn't hard to get there.
Hondo is a tax cheat. Good to know
You don't read well. I didn't expect you to understand anyway.
I read perfectly. You fudge your personal expenses as business expenses and are a tax cheat. I expect nothing less from a lying leftist like you.
Comments
And in fact when tax credits such as the EITC and CTC, then tax rate is lowered substantially to the point of negative in many cases.
Of course HondoBros think it was caused by “capitalism”
I could get behind the idea though of ending the Fed and just going with some sort of formula like Friedman advocated to keep the supply of money flowing at the optimal amount. Obviously, in 1929 - 33 we should have opened the spigot.
Dip shit