re: IRS Billionaire leak: Bezos paid $0 in income tax, got a $4k tax credit for his two kids

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The government only expands it never retracts

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Crisis and Leviathan

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That's essentially the same thing as a sales tax, you just only pay on your value add. It's still a consumption tax.

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Yes, I know. I had to pay it while living in Germany with a few exceptions.

My point being is that we will never get rid of the current tax system, only add to it.

There is no way most of the people that will comment in this thread know enough about taxes to intelligently debate this topic.

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After that it seems progressive enough for me. The more stuff you buy, the more taxes you pay.

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The less you make the higher percentage of your income goes to taxes. That's the definition of regressive.

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Exempt certain things like grocery items that are considered part of a healthy diet

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Whats healthy? Are carbs healthy? Is dairy healthy? Ripe for political lobbies picking winners and losers

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The current system is better than a VAT if you fix it, IMO.

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The current system is entirely too progressive.

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This is such a dumb talking point. This is why I find this place funny. It's dangerous too, because it's true only in a sense, but then false when you start delving into things.

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you can't tax unrealized gains, period. You will kill investment. it is what it is.

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Try owning an interest in a limited partnership or other entity treated as a partnership, which earns profits, whereby you have a "distributive share", but you don't actually receive any distribution with respect to that distributive share. Then tell the IRS that you as an individual can't be taxed on those "unrealized gains".

Also, try owning shares of a controlled foreign corporation or a passive foreign investment company. Try to tell the IRS that they can't impose additional taxes with respect to those interests.

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thats not what we were talking about here.

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Or, alternatively, keep thinking that you know so much about how our tax system works and telling others they're full of shite.

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i know as much as you do.

and i said you are full of shite, because you are over here acting liek you have some army of tax people working for you. sorry dont believe you.

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It's just funny that you're able to so easily spot the bullshite that stems from one side (e.g., the stupid article posted by the OP), but then so blind to the bullshite from the other side.

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that i can agree with. Im not blind to bullshite on both sides, promise. Thats why pretty much most of the poliboard hates me.

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fair adn real tax have excemptions in there. might want to read.

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I understand, every tax research organization has concluded its more regressive. Might want to read.

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you are right, but if he doesnt have any real income than not much he can pay under the current system.

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That's the problem

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understand, every tax research organization has concluded its more regressive.

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You act like that's a bad thing.

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That's the problem

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honestly frick that, taxation is theft period. anyone fricking the government is good with me.

This is why taxing anyone making over $400,000 more money is stupid. The only people you will receive taxes from at a higher rate are professionals, like doctors, lawyers and engineers, and successful small business people. Meanwhile, the top 0.1% of people in this country have more wealth than the bottom 50% and are paying little or no taxes. Get fricked, government. We should be incentivizing people to make it to success as professionals and business owners. Not fricking them over while giving the richest people in the whole goddamn world loophole after loophole to get out of paying anything.