Pages

Sunday, June 13, 2021

Close the ‘Loopholes’!


ProPublica published a treasure trove 

How to make a good thing even better?

confirmed what many tax experts already know:

 

Remember that the rich people in past congress passed bills to make them richer!

 


So; it is only logical that today’s and future ‘rich, middle-class or poor’ correct this quagmire of rich only benefits?

 


“The Elephant in the Room”!

 

Also we must remember that our ‘forefathers’ had you in mind while writing these so called loopholes into your constitution!

 

Remember that you can make anything machine proof!

 

However; you can make nothing people proof!

 

ProPublica published a treasure trove 

of information on the financial lives of some of our wealthiest citizens.

The info confirmed what many tax experts already know:

There is one tax system for the rich and another for everyone else.

 

By using perfectly legal and straightforward strategies like holding assets, borrowing money and passing the assets to family members at their death, wealthy people can essentially choose whether and how much income tax they want to pay!!!!!!!!!!!!

 It is the responsibility of you the voter to correct this (Loop-Hole), by firing the ‘Crooked culprits’ and replace them with known honest employees!

 

The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax — ProPublica

 

In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.

 

Michael Bloomberg managed to do the same in recent years.

Billionaire investor Carl Icahn did it twice.

George Soros paid no federal income tax three years in a row.

 

ProPublica has obtained a vast trove of Internal Revenue Service data on the tax returns of thousands of the nation’s wealthiest people, covering more than 15 years.

The data provides an unprecedented look inside the financial lives of America’s titans, including Warren Buffett, Bill Gates, Rupert Murdoch and Mark Zuckerberg. It shows not just their income and taxes, but also their investments, stock trades, gambling winnings and even the results of audits.


No comments:

Post a Comment

A Date Which Will Live in Infamy"

Franklin D. Roosevelt,  "December 7th, 1941  A Date Which Will Live in Infamy"   420,000 American Deaths! Donald trumps “December...