Stealthycat
Footballguy
That article explains how they did it.
This isn’t a good system.
I don’t know the answer but a system that allows this isn’t it:
“No one among the 25 wealthiest avoided as much tax as Buffett. That’s perhaps surprising, given his public stance as an advocate of higher taxes for the rich. According to Forbes, his riches rose $24.3 billion between 2014 and 2018. Over those years, the data shows, Buffett reported paying $23.7 million in taxes.
That works out to a true tax rate of 0.1 percent, or less than 10 cents for every $100 he added to his wealth”
If the rich aren't paying taxes how in the world is the vast majority of taxes paid for by the rich?
The top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent. The top 1 percent paid a greater share of individual income taxes (38.8 percent) than the bottom 90 percent combined (29.2 percent). https://taxfoundation.org/publications/latest-federal-income-tax-data/#:~:text=The top 50 percent of,percent combined (29.2 percent).
In 2019, taxpayers filed 148.3 million tax returns, reported earning nearly $11.9 trillion in adjusted gross income, and paid $1.6 trillion in individual income taxes.
The top 1 percent of taxpayers paid a 25.6 percent average individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.5 percent).
The share of reported income earned by the top 1 percent of taxpayers fell to 20.1 percent from 20.9 percent in 2018. The top 1 percent’s share of federal individual income taxes paid fell to 38.8 percent from 40.1 percent.
You're telling me the above is fair ?
Flat tax everyone 15% and lets be done with it - isn't that fair ?