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.
We pay 37%. I don't look at the return.
Damn, so you're in the top tax bracket. Meaning you're at least supposed to be paying an equal portion of your income as the ultra wealthy. You and Bezos are supposed to pay the same percentage yet he pays less than 1% of his wealth gains due to these loop holes.
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.
These aren't bugs in the law, but intentional flaws thrown in for those who can afford it to exploit. You can bet your ass I'm upset with the corrupt cronies in power that lobby and force these exploits to be legit. Like trump's tax returns that he fought so hard to not expose, even though he initially thought it was brilliant to brag about how little he pays do to this fuckery. Or the great big tax overhaul that he pushed through that only further made it easier for these chuckle fucks to exploit. If you're a billionaire there should be no reason to have to take out loans to cover your general living expenses, but that's precisely the sort of shit that exploits our broken system.
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 paying their fair share is so over the line that they would rather abandon their country than do it. Then perhaps there's something fucked up with that mind set. I wouldn't call it a patriotic move, but it sure is in the spirit of unbridled capitalism.
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.
You think these fucks actually put in the effort to earn billions of untaxed dollars a year? Do you really think musk or zuckerberg actually work hard enough to legit earn that cash? Not just exploit their own people, communities and country to earn enough to far surpass the most lavish lifestyle?
Their stealing from the fuckin social programs that every god damn american enjoys at some point in their life. People are surviving on disability or retirement on less than $1k a month. Meanwhile these fucks can't imagine not being able to put 700 spinning chrome rims on their third mega yacht.
I seriously never ever again want to hear a single word from you concerning abuse of food stamps or other wellfare programs. Because the only difference is the system is made to exploit one of those groups, while it was designed to be exploited by the other group.
You know what? Fuck it, EAT THE RICH.
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?