Yesterday, 03:24 PM
This ain't from Robert Kiosaki. It's from Forbes.com. If you are super rich and know what you are doing, you pay taxes at a lower rate than the rest of us. There are "rich" people that are stupid. Musicians, sports stars, actors, many doctors even are stupid when it comes to money and avoiding taxes. (Or just lazy like me). Now when you control
https://www.forbes.com/sites/sarahhansen/2021/06/08/richest-americans-including-bezos-musk-and-buffett-paid-federal-income-taxes-equaling-just-34-of-401-billion-in-new-wealth-bombshell-report-shows/?sh=40ed73017fe1
Note this report was from 2014 to 2018. In 2021 alone the top 1% gained a whopping 1.6% TRILLION in new wealth thanks to lock downs, bailouts and federal mandates (especially vaccine mandates). Walgreens is losing money now that people aren't getting mass vaccinated anymore. Fake philanthropist Bill Gates dumped his vaccine stock right before publicly announcing that the vaccines "really didn't work."
Now don't get it twisted. I'm not one of those "tax the rich" morons. Every "tax the rich" scheme just keeps taxing the stupid rich. The smart rich have their lobbyists bake their loopholes into whatever new version of the code that's going to come out before it's even written. But spare me the falsehood that the 1% are shouldering the biggest tax burden! Let me make a hundred million of that 1.6 TRILLION and you won't see me crying about paying 3.5% or whatever the 1 per-centers ended up paying this go round.
That said, we should move to a VAT. No loopholes. No tax brackets. Nothing. We'd all be better off. (Well...except for the people who have figured out how to game the system).
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