Thread: Tax the Rich

Originally Posted by brooksie967

Every legal tax deduction that the government has deemed i am entitled to. No shady loopholes to shelter my income because i'm greedy.

Shady ??? If it is legal why not take advantage of it,,, You cannot count illegal tax evasion, same as we can't tax the Cartels YET

It is not illegal to bank 'offshore'. It IS illegal to bank offshore if it is for the purpose of tax evasion. The numbers aren't from people doing legal offshore banking, i'm sure.

Sounds like you are saying that anyone who is rich must be cheating ???

Yeah the Cartels are a whole other interesting situation. Your government and mine can spend Trillions on a war in the middle east and feel that the loss of life of our countrymen is a reasonable hardship to endure but, in relation to the money spent on the middle east, neither gov't will throw a penny at the drug issue.

Originally Posted by gssixgun

Sounds like you are saying that anyone who is rich is cheating ???

Not every rich person is sheltering their income; many of them get rich enough by being lawful. There are those out there who will do everything possible, legal or not to get RICHER than they are. Although, in a sense yes, people get rich two ways 1. by cheating other people out of their money through huge profit margins or stealing 2. entertaining them.

Originally Posted by brooksie967

Yeah the Cartels are a whole other interesting situation. Your government and mine can spend Trillions on a war in the middle east and feel that the loss of life of our countrymen is a reasonable hardship to endure but, in relation to the money spent on the middle east, neither gov't will throw a penny at the drug issue.

The wars in the Middle East are Nothing compared to the moneey thrown at the failed war on drugs in the US

Originally Posted by brooksie967

Not every rich person is sheltering their income; many of them get rich enough by being lawful. There are those out there who will do everything possible, legal or not to get RICHER than they are. Although, in a sense yes, people get rich two ways 1. by cheating other people out of their money through huge profit margins or stealing 2. entertaining them.

And thank you for proving my statement in post #106

Originally Posted by gssixgun

The wars in the Middle East are Nothing compared to the moneey thrown at the failed war on drugs in the US

The U.S. federal government spent over $15 billion dollars in 2010 on the War on Drugs, at a rate of about $500 per second.
FY2011 Obama administration proposes around $159.3 billion for the Iraq and Afghanistan wars

Brown University in the form of the Costs of War project,[1] which said the total for wars in Iraq, Afghanistan, and Pakistan is at least $3.2-4 trillion

Originally Posted by gssixgun

The rules are the same for everyone,, That cannot be denied... there is no special secret tax code that they get that you can't have...

That is kind of deceptive too. In order to take full advantage of tax deductions that, nobody denies are available to everyone, you have to be able to do so and it helps to have a good lawyer to boot. I am sure that the tax deductions used by the wealthy have very little to do with those used by the average person, although they likely include all the deductions the average person can make use of and then some. That theory sounds good but in actual practice most people are limited by their circumstance as to what if any they can actually use. That concept of tax deductions being available to all is a little disingenuous to say the least.

Bob

All i'm really saying is that, perhaps, reallocating some funds could benefit a larger population of people. We all know war and drugs make a few people very rich and a lot of people very poor.