Top 1% evade $163 billion/year in taxes

[BigOrangeMojo]

The top 1% did not EVADE $163 billion in taxes. Just a BS headline.

They may have planned around $163 billion but they did not break the law to that extent


Obviously the DNC is getting their media partner to put this fluff out but it does more harm than good when they literally make up sh-tty headlines to mislead

 

[McDad]

The top 1% did not EVADE $163 billion in taxes. Just a BS headline.

They may have planned around $163 billion but they did not break the law to that extent


Obviously the DNC is getting their media partner to put this fluff out but it does more harm than good when they literally make up sh-tty headlines to mislead

Shart headlines is kinda our thing in the PF, though.

 

[BigOrangeMojo]

Shart headlines is kinda our thing in the PF, though.

It's the reason why I don't grace y'all with my intellects and stuff like that

 

[hog88]

The top 1 percent are evading $163 billion a year in taxes, the Treasury finds.

Hell yeah! Good for them.

 

[volinbham]

Says evasion as in illegal (vs. legal avoidance).

do they say what is illegal?

 

[GVF]

Yes, that's the way progressive tax systems usually work. Shocker.

so, what's the diff then?

 

[StarRaider]

do they say what is illegal?

Nope.... you just have to trust the IRS that this is true so they can get $80 billion added to their dept.

report is here

The Case for a Robust Attack on the Tax Gap

 

[LouderVol]

Cant read due to pay wall. Does the article actually explain the criminal nature of their actions? Or how they came to the 163 number?

Seems like sour grapes.

 

[AshG]

You can't redistribute if they don't pay all the taxes

But seriously, revenue isn't the issue and take had never been. It's all about reckless spending of other people's money

We worship the 1%. We enable their lives. We redistribute our labor to them as wealth. It is an idolatry issue.

 

[allvol123]

We worship the 1%. We enable their lives. We redistribute our labor to them as wealth. It is an idolatry issue.

Lol, I do? It is more of you are offering something to me that seems like a good value for me issue.

 

[volfanhill]

We worship the 1%. We enable their lives. We redistribute our labor to them as wealth. It is an idolatry issue.

We reward innovation, job creation, and entrepreneurship

 

[AshG]

We reward innovation, job creation, and entrepreneurship

And then the imaginary hand of the stock market converts emotion into massive overworth.

 

[volfanhill]

The top 1% is income a little north of $500,000

But most think you are talking about Bill Gates

 

[Vol423]

The top 1 percent are evading $163 billion a year in taxes, the Treasury finds.

First, as many have already pointed out, this is a BS article. Taking maximum advantage of the tax laws as written is not tax evasion, it's just being smart. Second, if the title of this article were true, the proper response would be to fire everyone in the Treasury Department. If they actually knew that the Top 1% were "evading $163 billion a year in taxes", then the employees in the Treasury Department clearly are not doing their jobs.

 

[volfanhill]

And then the imaginary hand of the stock market converts emotion into massive overworth.

Those gains are not real until they are cashed out

 

[alexbond45]

Damn you 1%, we could’ve funded the government for another twenty minutes with that money!

 

[82_VOL_83]

I agree 100%. We are drunk with buying votes.

Fify

 

[McDad]

We worship the 1%. We enable their lives. We redistribute our labor to them as wealth. It is an idolatry issue.

Lulz.

 

[LouderVol]

We worship the 1%. We enable their lives. We redistribute our labor to them as wealth. It is an idolatry issue.

Generally they are somehow responsible for something we want or use. Considering how many people wanted Bezos denied reentry from his space voyage I doubt its idolatry.

 

[deezvols]

And then the imaginary hand of the stock market converts emotion into massive overworth.

I don’t know if we can classify it as “overworth” considering it’s what the market will pay.

 

[utvolpj]

We worship the 1%. We enable their lives. We redistribute our labor to them as wealth. It is an idolatry issue.

Who's worshipping? There's plenty of collected revenue to do what is required of the govt. Everything extra is a form of payoff

 

[LouderVol]

I don’t know if we can classify it as “overworth” considering it’s what the market will pay.

Any overworth stems from the government regulating away the competition. Covid shutdowns was the biggest redistribution of wealth up in my lifetime.

 

[NorthDallas40]

We worship the 1%. We enable their lives. We redistribute our labor to them as wealth. It is an idolatry issue.

 

[LouderVol]

Heck we give the government more money then we ever will someone in the 1%. Theres the idoltary that needs to die.

 

[AshG]

I

View attachment 393095

Bezos goes to space while his warehouse employees piss in bottles and collect food stamps. With the flick of a pen, he could end childhood hunger worldwide and still have more money than you or I will make in a hundred lifetimes. So much good could be done, but isn't.