Current Events > Top 1 percent are evading $163b a year in taxes

(+) Yeah! (+)

https://www.nytimes.com/2021/09/08/business/irs-tax-avoidance.html


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Those are the real Americans!
They need to be defended by other real Americans like me!!!

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Yeah, but what about someone buying a steak or a candy bar with their EBT money? That's the real crime here!!!

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Maybe we should Occupy Wall Street or something so we get the money back?

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Make them recoup the financial losses from the war.

that's actually not all that much, all things considered. that's what? 5% of the budget? not nothing, but not a huge difference maker, either. or, a $500 stimmy to every american (600 to adult americans)?

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Cryptocurrency is the future.

Could you imagine society if we actually did clamp down on this?



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Avoidance is not evasion.

whew, that's quite the impressive leap. *golfclaps* doubly so when you didn't even respond to post 5. which was a sentiment i also held for a while, but stats like these show that going after the dodges don't provide all that meaningful of a revenue stream. that doesn't in any way shape or form imply the words "oh, well, then i guess they can just keep it", like you just tried to suggest. clown at someone else.

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Member when Bernie Sanders used to rant about millionaires until he became a millionaire?

Medussa posted...

that's actually not all that much, all things considered. that's what? 5% of the budget? not nothing, but not a huge difference maker, either. or, a $500 stimmy to every american (600 to adult americans)?

WTF 5% is an insane Amount. Also it's much larger than 5%.

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PaulieWalnuts posted...

Member when Bernie Sanders used to rant about millionaires until he became a millionaire?

Such a waste of a great username.

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Southernfatman posted...

Such a waste of a great username.

Named after Paulie but has the same IQ as Little Carmine, lol

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Questionmarktarius posted...

Avoidance is not evasion.

The article is talking about evasion. The url is contradictory, though yeah

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thinking a little more, if that 1% is literal, it's definitely possible that the next 9 or even 24 percent are also underpaying, and it'll add up to a lot more. but i'm not jumping through the hoops necessary to get through the nyt paywall to confirm.

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Drpooplol posted...

The article is talking about evasion. The url is contradictory, though yeah

Yeah, okay. Didn't actually read it until just now.

However, the article the article links to, makes it fairly clear that the root issue is convoluted tax code, which hiring a shitton of revenuers is not going to solve. If anything, it'll just benefit the tax lawyers who know the laws better than the enforcers.
https://home.treasury.gov/news/featured-stories/the-case-for-a-robust-attack-on-the-tax-gap

Literally right here at the bottom:

Overall, the Administrations compliance initiatives are guided by a singular objectivebringing about an end to a two-tiered tax system, where ordinary Americans comply with their tax obligations, but many high-end taxpayers do not. Giving the IRS the information and resources that it needs will generate substantial revenue. But even more importantly, these reforms will create a more equitable, efficient tax system.

You fuckers have a lock on all three legislative bodies for about another year. Stop dicking around and de-tangle the fucking tax code.