Perhaps the BEST B1G Forum anywhere, here at College Football Fan Site, CFB51!!!

Maybe in this Cessna.

I'd need to see an example of how a billionaire pays under 1% on INCOME tax.  And increasing their tax rate would obviously not change how they manage the tax system, this is a fairly common misconception.  The marginal top income tax rates obviously is well over "under 1%", that simply is not the issue, at all.

Right, so I'm advocating for changing the system.  Thanks for spelling it out.

A Utah chemistry teacher that is basically the female version of Fro got her self fired on the first day of school.


https://www.youtube.com/watch?v=AuRP37eAedE

Hey mods, how much longer until this is targeted harassment?  

OK, how?  You said raising their income tax rates, which would do nothing.

A wealth tax may be unconstitutional, in addition to having unintended consequences.

I think folks conflate WEALTH with INCOME.  We tax the latter.  A billionaire can easily, and legally, have zero income.

I'll never understand why the non-1%ers defend the 1%ers so vigorously.
Cincy, you know how you and I pay income tax?  We make X-amount of money in a fiscal year and then pay taxes on it?  That's what they should do, too.  The system's loopholes and exceptions should be eliminated and it's  simple "you made this much, so you pay this amount in taxes" just like you and me.  

Fancy accountants should be compensated not for their ability to avoid taxes, but for their otherwise depth and breadth of knowledge about accounting.  

I don't care how they made their money, it's income if it's new to you, and so they pay taxes on it.  And if that's not good enough for you, then I don't know enough about it, but I know that the current system (like nearly all of our systems) is broken and needs a paradigm shift.

the point with billionaires "income" is when they have 1 billion last year, but this year they have 2 billion.  They could pay taxes on the added billion.  Capital gains, interest income, whatever

this started with Mdot pointing out that the billionaire's wealth grew substantially over the previous year.  Did they pay taxes on this "income"

I'd guess they did not.

Same as the legal system - I'd like a person's wealth to be irrelevant when it comes to how sneaky they can be with taxes or their alleged innocence.  Our broken systems favor the ultra-wealthy and it costs us - all of us. 
Maybe I'm not bothered by high-end lawyers and accountants having a more basic life. 

same old dogma with zero ideas
youre reading from a script the left has used for years

Im going to ask you one more time

what ideas do you have on how to achieve your goal

the wealthy go to jail just like you and me if they violate the tax law

so what should be done to fix the system you say is broken

our tax rates increase with the amount of taxable income a tax payer has so what else do you want done

dont tell us what you want the end result to be instead tell us how to get there

One thing billionaires rarely do is sell assets.  You only have INCOME when you sell (or get dividends).  Your wealthy goes up, you hope, but you have no income as a result of that.  None, zero, no fancy accountants needed.

We tax income.

The truly wealthy simply do not need taxable income.