Our current secretary of the Treasury, Janet Yellen, is busy trying to find a way to tax wealth without calling it taxing wealth. She has eyes on taxing unrealized capital gains. What this means simply is taxing people for money they have not earned or received. That's it in a nutshell. That definition should leave even those who have never had a course in accounting or finance shaken.
They have a hypocritical oath that they have all taken-"Pass no law that will bring harm to us. The citizens are fair game."So why do the rich in congress support this?
I keep having an issue with the people in Congress supporting taking their own money away unless they are legislatively exempt which could be entirely possible. Pelosi is stupidly rich.
I did see a news report today that said that billionaire tax proposal is dead in the water.They have a hypocritical oath that they have all taken-"Pass no law that will bring harm to us. The citizens are fair game."
By the way, what is going to happen to the economy if the ultra-wealthy dump all their stock?
Someone said the final bill will be under $2T also. Still, I can only imagine how many truly awful things will remain in it, buried deep in those couple thousand pages.I did see a news report today that said that billionaire tax proposal is dead in the water.
What loop holes are you talking about? Be specific here.How do you tax the billionaires that hide from taxes? Look up Buy, Borrow, Die. What’s a fair way to close the loop holes?
What loop holes are you talking about? Be specific here.
Not one single billionaire is doing anything illegal or they would be arrested and charged for tax fraud. They are using the tax laws passed by congress.
How can that be a loop hole?
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