As it stands, billionaires use much of their money to buy non-taxed assets like stocks. The new plan would levy annual taxes on those assets, which rich people often use as collateral in loans.
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www.dailymail.co.uk
news/article-10125461/Joe-Biden-unveils-new-billionaire-tax-plan-aimed-0-0002.html

Pure theater. The Billionaire class never have and never will pay much if anything at all. They write the tax laws.

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Remember, income tax started out only on the rich, now only the middle class truly pays.

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The tax code is written to shield the business owner from taxes. Anyone can do it. Simply incorporate yourself, and subcontract for your current employer.

You can then claim as business expenses: your clothing, vehicle, part of your home (as an office), entertainment expenses and tons of other stuff as long as you claim them as expenses for the business.

Any good accountant can walk you thru this process... Personally, I recommend a black female who drives a nice car. The IRS does not like to mess with minorities...


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2021-49-Mo 04:49:55 pm

The tax code is written to shield the business owner from taxes. Anyone can do it. Simply incorporate yourself, and subcontract for your current employer.

You can then claim as business expenses: your clothing, vehicle, part of your home (as an office), entertainment expenses and tons of other stuff as long as you claim them as expenses for the business.

Any good accountant can walk you thru this process... Personally, I recommend a black female who drives a nice car. The I ris it the IRS does not like to mess with minorities

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Complete with loopholes I'm sure since they are his donors

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Recall the child actress Hayley Mills? Upon coming of age she discovered Inland Revenue had taxed 91% of her earnings


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2021-49-Mo 01:49:08 pm

Remember the child actress Hailey Mills? Upon coming of age she discovered Inland Revenue had taxed 91% of her earnings

2021-49-Mo 01:49:23 pm

Remember the child actress Hayley Mills? Upon coming of age she discovered Inland Revenue had taxed 91% of her earnings

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The rich are tax sheltered. It all gets passed to the middle class.

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Seems only fair they get a tax refund in the years they have unrealized losses. But that's not the way good socialists think. It's only take.

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100% guaranteed that any new tax would only affect the lowest earners.....the elitist pricks want a serf class.

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How come every attempt to raise taxes on "Billionaires" always & inevitably ends up raising taxes on the middle-class working stiff?

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Sure why the hell not, they are all assholes anyway

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