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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
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Originally Posted by shakran
Good writeup, and you're correct - there are all sorts of ways to get out of paying taxes if you have enough financial power.
However, and this is a big however, it is rather silly to say "the rich are gonna get out of paying taxes anyway so why not just lower them?"
Bush said that, and I thought it was stupid then. The answer is to close the tax loopholes. Make it an even X% of ALL income. So if you get a salary, you get X% taxed. If you get land, or stock, or anything else, you're taxed X% on its value.
Hell, I have a take-home news car so that I can go shoot that midnight house fire if I have to. I have to pay a tax penalty because the news car is considered a benefit (benefit my foot, it's for the company's good, not mine). If I have to do that, then the rich should certainly ante up every april as well.
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If I recall corectly France did something like this and the richest people are moving across the border to Belgium, taking all their money and as many assets as they can with them.
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