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Rich Americans are stiffing the taxman to the tune of $66 billion (www.motherjones.com)

submitted 9 months ago by [email protected] to c/[email protected]

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"Americans are rightfully concerned when very wealthy families use loopholes and accounting strategies to avoid paying their fair share," Wyden said. These people "didn’t even bother."

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[-] [email protected] 6 points 9 months ago

We shouldn't even be filing taxes. You should just receive a bill the govt calculates every year (with the data they already have), and then when you don't pay it they seize your assets.

The rich are rich because they have all the land and all the stuff built on top of that land. It's literally impossible to hide those. All of the stocks and derivatives and abstractions ultimately depend on real-world assets.

this post was submitted on 30 Sep 2023

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