- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
It would be interesting to see how many of the rich are using loans to bypass taxes.
I have only heard of a few cases dealing with tech wealthy people who are paid mainly in stock.
I do think it is an issue and something should be done about it.
It is a fallout from being a public company and we can regulate that much easier.
I think our whole tax system needs to be burned down and replaced.
If you agree the system is broken I encourage you to reconsider your prior statements about the rich not paying their fair share.
Rich people do a variety of shady stuff and keep it hidden (Panama papers), I wouldn’t trust your lack of data points to mean it isn’t a pervasive problem.
That’s moving the goalpost.
The pay their fair share of income tax.
The issue is there is a way to avoid income.
That’s the problem we need to solve. Technically they’re taking on debt to avoid taxes. Sounds reasonable but those are loans we couldn’t get. It’s just a tax avoidance system.