If you dont want to tax the rich, what other options do you have?

Author: Best.Korea

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Polytheist-Witch
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@Shila
At this point I don't believe you're American.
You post  paragraphs of shit but you have no idea that people pay tax on certain things. Well there's another indication who you actually are. 
Shila
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Polytheist _Witch: At this point I don't believe you're American.
You post  paragraphs of shit but you have no idea that people pay tax on certain things. Well there's another indication who you actually are. 

The purchase of goods for further manufacture or for resale is uniformly exempt from sales tax. Most jurisdictions exempt food sold in grocery stores, prescription medications, and many agricultural supplies. Sales taxes, including those imposed by local governments, are generally administered at the state level.


"Thirteen of the 45 states with a sales tax still impose it on groceries."
State policymakers looking to make their tax codes more equitable should consider eliminating the sales taxes families pay on groceries if they haven’t already done so, or at least reducing these taxes or partially offsetting them through a tax credit.[1] Thirteen of the 45 states with a sales tax still impose it on groceries. (See Figure 1.) Of those, ten offer a lower tax rate for groceries than the general sales tax rate or provide a tax credit to offset some or all of the sales tax on groceries. Only Alabama, Mississippi, and South Dakota still tax groceries at the full state sales tax rate.

Athias
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@Shila
The wealthiest 10% of American households now own 89% of all U.S. stocks, a record high that highlights the stock market's role in increasing wealth inequality. The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the pandemic, according to the latest data from the Federal Reserve.
Owning stocks is a way to defer paying taxes.
Which income brackets pay no taxes on the dividends received from or sale of their stocks?

Shila
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@Athias
--> @Shila
The wealthiest 10% of American households now own 89% of all U.S. stocks, a record high that highlights the stock market's role in increasing wealth inequality. The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the pandemic, according to the latest data from the Federal Reserve.
Owning stocks is a way to defer paying taxes.
Which income brackets pay no taxes on the dividends received from or sale of their stocks? 

The wealthiest 1 percent of Americans are the nation's most egregious tax evaders, failing to pay as much as $163 billion in owed taxes per year, according to a Treasury Department report released on Wednesday.

What percentage of Americans cheat on their taxes?
Your worst case scenario: up to five years in prison. Six percent of individuals 'fessed up to cheating on their taxes.

Athias
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@Shila
The wealthiest 1 percent of Americans are the nation's most egregious tax evaders, failing to pay as much as $163 billion in owed taxes per year, according to a Treasury Department report released on Wednesday.
Yes, the wealthy in general are very good at circumventing tax obligations. Yet they're still responsible for the largest portion of taxable income.

What percentage of Americans cheat on their taxes?
Your worst case scenario: up to five years in prison. Six percent of individuals 'fessed up to cheating on their taxes.
You're not answering my question. Since you brought up stocks being a tax haven, I'm asking you which income brackets pay no taxes. (Remember, that was your point, not mine.)

Shila
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--> @Shila
The wealthiest 1 percent of Americans are the nation's most egregious tax evaders, failing to pay as much as $163 billion in owed taxes per year, according to a Treasury Department report released on Wednesday.
Yes, the wealthy in general are very good at circumventing tax obligations. Yet they're still responsible for the largest portion of taxable income.

What percentage of Americans cheat on their taxes?
Your worst case scenario: up to five years in prison. Six percent of individuals 'fessed up to cheating on their taxes.
You're not answering my question. Since you brought up stocks being a tax haven, I'm asking you which income brackets pay no taxes. (Remember, that was your point, not mine.)
58% of Americans own stocks. But stocks are part of their employment pension and retirement plans.
Owning stocks is one way to defer paying taxes. But only the very rich can cheat on their taxes by hiring fancy accountants.

Athias
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@Shila
58% of Americans own stocks. But stocks are part of their employment pension and retirement plans.
Owning stocks is one way to defer paying taxes. But only the very rich can cheat on their taxes by hiring fancy accountants.
Enjoy your day, sir. I have no interest in either indulging or engaging your mulish avoidance of a direct response.
Shila
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--> @Shila
58% of Americans own stocks. But stocks are part of their employment pension and retirement plans.
Owning stocks is one way to defer paying taxes. But only the very rich can cheat on their taxes by hiring fancy accountants.
Enjoy your day, sir. I have no interest in either indulging or engaging your mulish avoidance of a direct response.
If the IRS knew Which income brackets pay no taxes on the dividends received from or sale of their stocks. We wouldn’t have tax cheats anymore.

Athias
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@Shila
If the IRS knew Which income brackets pay no taxes on the dividends received from or sale of their stocks. We wouldn’t have tax cheats anymore.
You are grossly misinformed or under-informed about the subject matter. (A little eagerness to investigate the subject about which we speak may help you.) Enjoy your day, sir.
Best.Korea
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Yes, the poor should stay poor until inflation drives them to suicide. This is right and makes sense.

You dont wanna redistribute the wealth. That would be Communism. Better dead than red.
Polytheist-Witch
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The great thing about a sales tax is is the rich or someone is and the more money they spend the more sales tax they pay cuz they tend to buy new. The other great thing about a sales tax is that those are that are paid under the table or involved in criminal activity now start paying some kind of tax cuz at this point they're not paying any income tax. And drug dealers been a pretty good amount of money on clothing and cars.
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@Athias
-> @Shila
If the IRS knew Which income brackets pay no taxes on the dividends received from or sale of their stocks. We wouldn’t have tax cheats anymore.
You are grossly misinformed or under-informed about the subject matter. (A little eagerness to investigate the subject about which we speak may help you.) Enjoy your day, sir.
Trump has been evading and cheating on his taxes for the last 20 years and rather quite openly. Yet the IRS has not suspected a thing.

10 days later

Vici
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give them freedom - they earn the money and the sad stupid poor people shouldn't leach of their money
Shila
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Less than 1% of Americans are very rich. The majority of Americans belong to the second group. So it makes sense the group with the largest number of Americans get taxed.

Greyparrot
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The ultra rich run the government. They don't have to pay taxes, they help collect them.
Shila
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@Greyparrot
The ultra rich run the government. They don't have to pay taxes, they help collect them.
Less than 1% of Americans are very rich. The majority of Americans belong to the second group. So it makes sense the group with the largest number of Americans get taxed.
Greyparrot
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@Shila
The ultra rich run the government. They don't have to pay taxes, they help collect them.

Beep boop.
Xué rú nì shuǐ xíng zhōu, bú jìn zé tuì.

107 days later

IlDiavolo
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@Best.Korea
You assume that the rich, if left untaxed, will use all that money to help the poor. However, history shows that instead they use their money to buy themselves cars, private jets...ect. Hence, investing in production of expensive things that dont distribute to the poor.
Why do you assume rich people are spending their money in cars, boats,etc. I see you dont know anything about being rich. Rich people are constantly investing their money in companies that most of the time don't work out, and a very low percentage of it is devoted to frivolities like traveling, sex company, gumbling, etc. It's imposible to spend all this money in this shit because it's too much and from the financial point of view it's very risky.

Lowering taxes for rich is actually desirable because they would have more money to invest. You know, money should always be flowing around the market since this is the only way to generate more returns, and the more returns there is, the more taxes the goverment can gather. It's a win-win game.