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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
byLazLong ( 757 ) writes:
How about we change the top marginal Federal income tax rate back to what it was in 1979? At the same time, we need to put an end to the Buy, Borrow, Die by taxing any loan at the marginal income tax rate calculated based upon the total value of all assets. Or something similar that someone who knows a lot more about tax law than me. Something needs to be done about the wholesale tax avoidance these morbidly rich frakkers have been engaged in for 40+ years.
Eat the frakking rich, starting with Leon!
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byjacks smirking reven ( 909048 ) writes:
Here here. Never forget that $80B that Biden had allocated to the IRS for tax enforcement was on track to like 6X it's cost in returns by closing the $600B tax gap before Republicans stripped it away yet again.
And that is not any changing of the rates or laws that would have been billions a year more revenue of just money that is owed under the current system. We literally just let tax cheats get away with it.
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bySirSlud ( 67381 ) writes:
Sadly, it's what enough people have been told that they want, and they believe it. To me it's a generational failure of public education to have a population that is so easily sold against their own direct interest.
bycmseagle ( 1195671 ) writes:
I can get behind more progressive taxation, but I don't think that taxing loans as income would lead to the utopia for the working man that you seem to think. If credit suddenly becomes more expensive it's not going to be the people who already have assets who struggle.
byLazLong ( 757 ) writes:
No, the loan taxing or some similar action that a more tax law/law adept person could come up with would be targeted at the morbidly rich to put an end to the loophole that is allowing these individuals to use their income without ever paying any taxes.
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