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by api
5803 days ago
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I've experienced this a little bit too. The richer you are, the bigger the loopholes get. When you get really rich, you can do offshore accounting and all kinds of big-ticket tax-dodging that results in you paying less taxes as a percentage of your income than the person who makes your lattes. I'm actually in favor of a flat tax (maybe trailing off to zero at the extreme low end of the scale) with absolutely no loopholes. Everyone pays X percent on all income, period. You might have a few deductions, but they would be for things like healthcare, child care, and education and would be strictly monitored. That would actually raise taxes on the rich dramatically. |
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