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

thats just not true and I challenge you to back that up with a source

This is a slippery slope, but when you look at income tax paid versus total wealth, it's not much.

Again, slippery slope. To start talking about taxing total wealth is, to me, dangerous.

This is a slippery slope, but when you look at income tax paid versus total wealth, it's not much.

Again, slippery slope. To start talking about taxing total wealth is, to me, dangerous.

we are on the same page

if someone is paying all taxes required by law anything more is just communism

taking from the rich to give to the poor sounds good on paper ( see the communist manifesto)

but is not the answer

instead of lowering a persons take home income because they are wealthy 

we should be trying to increase a persons take home income because they are poor

US super-rich 'pay almost no income tax' - BBC News
US super-rich 'pay almost no income tax' - BBC News

He said US billionaires buy an asset, build one or inherit a fortune, and then borrow against their wealth.

Because they don't realise any gains or sell any stock, they're not taking any income, which could be taxed.
"They then borrow from a bank at a relatively low interest rate, live off that and can use the interest expenses as deductions on their income," he said.



You can disparage the linked site of course, but this makes abundant sense.  Why pay taxes if you don't need to?  They have specialists doing their taxes and handling their money, they don't do it, and these guys know the tricks.

if we dont like the tax law we should change it

by using the word tricks you make it seem illegal when its not

Interesting article on constitutionality of wealth tax

https://www.npr.org/sections/money/2019/12/17/787476334/is-a-wealth-tax-constitutional

The term "trick" is interesting.  We talk about "trick plays" for example, that are entirely within the rules of course.  That is the same as "tricks" for lowering one's income tax liability.  Municipal bonds for example are one kind of "trick".

Not having income is perhaps the best trick.

I could live "a while" with no income myself.  Wouldn't be prudent.

FYI, none of Biden's proposals deal with taxing wealth.  Warren has proposed a wealth tax, not Joe.

It would be difficult to pull off, other countries have tried it and most reversed the move for obvious reasons.

I don't think anyone can seriously tax the super wealthy, they can always dodge it.  Incidentally, Sweden has more billionaires per capita than does the US.

just gotta luv listening to the boat rower

tough trying to listen to Harbaugh