Keep in mind I was born in 96.
I understand that you're upset because people with huge incomes also have an opportunity to offset their taxes through charitable donations and BS deductions. The only deduction I know about are charities because that's all I was ever able to claim before I got married. If someone donates several million dollars to the red cross, should they not get a tax credit?
You're mad because someone else has more money and seems to get breaks because of it. I don't think you'll ever find an equitable situation. People who started from scratch (i.e., normal people incomes) and made a fortune don't have any sympathy for anyone else who isn't doing everything they can do to better their lives.
When ever complaint comes across as a personal attack for being financially successful, it tends to force all complaints into the trash.
Personally, I feel there are more important things to consider.
In another 20 years, it may not matter how hard anyone worked if the planet fizzles out.
I understand that you're upset because people with huge incomes also have an opportunity to offset their taxes through charitable donations and BS deductions. The only deduction I know about are charities because that's all I was ever able to claim before I got married. If someone donates several million dollars to the red cross, should they not get a tax credit?
Again, that's not the sort of legal tax loopholes I'm talking about. I'm talking about non taxed assets. Housing and property that they own directly or through their own rental companies. Renting million dollar mansions from themselves and then paying themselves rent for it. Owning billions in stock and not having to pay a dime in taxes for it, This is why ceos take small salaries with massive stock options. Taking out half billion dollar loans because the interest rate on them are a fraction of what they would pay in taxes if it they just had that liquid cash in their bank.
And
My anger stems from the exploitation of people. And the over indulgence of the system in place. I'm pissed that there are two different Americas, one that 90% of the population isn't privy to, and that's by design.
I'm pissed that I work my ass off and will never be able to afford a home because these sort of fucks buy up all the property to hide their wealth.
I guess I simply don't understand how stuff like the Panama papers don't anger you.
If you haven't done so, I reccomend watching the video. Its an outraged but factual take on what I'm saying.