Tax the rich just discovered that the rich billionaires that are in the news all the time do write offs and pay no personal tax. How does a man with 130 billion making money not pay a dime?
I got a notice this year from the IRS I owed a small amount money on my 2016/2017 taxes payed.
Their notice was wrong. 2 notices with extreme fines and interest totally over 8k. Problem was their
were 2 notices for me and the wife separate. We file jointly. Came next month half amount of first notices.
I checked my IRS record and it make no sense. They invite you to appeal and tax payers have to be treated
fairly by us the IRS. So an official appeal went to them. It is now 6 months of notices and collection agencies
they hire in CA and PA where I live. You cannot call the number they post for service. it says we are busy call in a few days. I am still getting threatening notices and at the most I might 2k. They demand a different number
every month.

Most rich people don't make any products. They just make a lot of money:
1. The CEO earns 300-400 times the average employee.
2. Rich kids inherit enormous wealth from parents and live off that wealth without doing anything productive.
3. Rich people make more money off their investments than any products they create. ETFs are the new darling of the rich for reducing capital gains taxes.
4. Financial engineers (hedge fund managers) are different from (typically modestly paid) electrical, mechanical and other engineers who actually build tangible products.

-- Ronnie

You constantly bring up useless links that I can't help but wonder if anybody looks at. I can honestly tell you I do not. What a waste of somebody's time.

I can tell you though that our country is based upon Capitalism. Someone has a job to perform and hires someone else to do that job at a wage that is acceptable to the worker. This system has been going on since America was founded and has worked perfectly for those hundreds of years.

But now you on the Left Wing Socialist side come forward and tell us that the worker agreeing to do a job for a specified wage is not paid enough IF the owner of the company is making a good profit for himself and for shareholders who expect a profit from investing in the company. You expect the owner of the company to give even more money and benefits than the worker originally agreed to. What a crock of BS from Socialists.

Under Capitalism the wonderful thing is that everyone who works has the ability to start their own company. Even under Trump, the businessman, there are people who started with Trump and later moved on to open their own companies so they too could become wealthier through hard work. This happens in all professions all across America. That is one of the reasons America is a great company, because each of us is in charge of our own destiny, so to speak. But if you Socialists are going to take a profitable company and then give it to somebody else then who would blame the owners when they said, Screw You, and shut the company down, taking their profits with them and terminating employment for up to hundreds/thousands of hard working employees who like their jobs? That is what your Socialist BS offers the American worker, NOTHING.

I learned the above in a 7th grade business class. How sad you still have not learned anything other than the Obama BS concept of me having to GIVE my earnings to those who refuse to work.

Dennis

👍👍 Yes! The wage gap between the workers and the CEOs has risen to obscene levels. I’m all for laissez faire capitalism, but it has to be tempered with some moral decency or you ultimately end up with a French/Russian revolution.

The abuse of our tax system is rampant and the system needs reform. Large American companies often pay little or no tax by moving their headquarters offshore, and tax avoidance schemes are constantly exploited by those CEOs that can afford the accountants and lawyers that the average worker cannot. We need to find a balance between the incentives of capitalism and social well being.