BS: Plutocrat tax dodgers

Subject: BS: Plutocrat tax dodgers
From: Jack Campin
Date: 08 Jun 21 - 10:13 AM

https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax

Unfortunately not very surprising.

Subject: RE: BS: Plutocrat tax dodgers
From: Rain Dog
Date: 08 Jun 21 - 03:27 PM

Here in the UK they need to simplify the tax regulations.

Searching online i have found that in 2009 the regulations supposedly ran to over 11,520 pages. That is the figure i remember from a few years ago.

A Guardian article from 2015, quotes the figure of over 17,000 pages. The same article states that the Hong Kong tax regulations are a mere 276 pages.

Subject: RE: BS: Plutocrat tax dodgers
From: robomatic
Date: 08 Jun 21 - 03:59 PM

I believe in one of the 2016 Hilary versus Donald debates she mentioned how little Trmp was paying in taxes (though his full IRS filings were yet to be formally released). His reaction was immediate, almost talking at the same time as she was: "That's 'cause I'm smart!"

Subject: RE: BS: Plutocrat tax dodgers
From: Helen
Date: 08 Jun 21 - 05:06 PM

Coincidentally, the same issues were raised in an Oz news article this week:

Australian tax issues

Subject: RE: BS: Plutocrat tax dodgers
From: Bill D
Date: 08 Jun 21 - 05:17 PM

Warren Buffet says that his wealth will be distributed thru charities rather than just to reduce the national debt. He might have a point.

Subject: RE: BS: Plutocrat tax dodgers
From: Donuel
Date: 09 Jun 21 - 08:08 AM

When he dies Bill.

A wealthy person can pick a number for his income be it zero or a mere million but if he collects 120 Billion that is not income   ergo   no income tax. A rich person usually pays for the laws to be made to protect his wealth. Over time you can see how they eventually gwt their way.

Subject: RE: BS: Plutocrat tax dodgers
From: Donuel
Date: 09 Jun 21 - 08:35 AM

I expect Jack Campin to have or create a plan for global utopia and that taxing the wealthy is key to that plan.

The improvement will be in relative terms but wouldn't it be graet if we all contributed to the plan that makes the most doable sense?

think big
do bigger