I think you ought to step back, first.
The tax regulations charge what they charge and as long as a person obeys their IRS regulations, I'm good with that.
Why are you upset? So if I donate 10000 a month to the Navy Relief and Salvation Army, are you saying I am not entitled to a tax credit for a charitable deductions?
How do you want this to work?
Again that's small peanuts compared to how much they're dodging. You probably pay 22-24% in taxes on your income (I'm assuming).
So why are you okay with someone gained 15-100 billion dollars of networth claiming they only made 80k and then paying less than 5%.
This video isn't discussing philanthropy or charitable donations. It's billionaires hiding money and taking out loans to game the system and pay much less than their fair share.
If someone can get jailed for years for stealing more than $500 worth of merchandise. How come it's completely legal to with hold billions of dollars?
We pay 37%. I don't look at the return.
I'm alright with people who obey the regulations. How about directing your anger to the Internal Revenue Service and your elected officials? They are responsible for the issues that upset you.
I suggest you look investigate why so many wealthy UK citizens live elsewhere. If you'd like to touch off a mass exodus of wealth from the US, go ahead and follow the UK model. Or better yet, that of Denmark.
If someone can get jailed for years for stealing more than $500 worth of merchandise. How come it's completely legal to with hold billions of dollars?
Theft vs. Effort, that's why. It's legal to have and retain as much money as you can obtain while not breaking the law.
What the fuck attitude even is that?
This is pointing out that the amount of taxes they dodge in a year is more than you'll earn in your entire lifetime. Sure you try an dodge as much as you can but you're only at most shaving off a couple thousand. An insignificant amount in comparison to what is "their fair share".
I for one am outraged for every American that has to deal with and pay their share of taxes.
Why aren't you outraged?