SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics of Energy
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (22229)7/30/2010 3:51:31 PM
From: TimF  Read Replies (1) of 86356
 
How can the rich pay the vast majority of taxes when they don't pay their taxes, as you claim?

The rich pay the majority of taxes. A handful of ultra-rich manage to make their tax burdens rather low, in our loophole and complexity filled tax system. With lower rates there would be less reason to spend time and money and lose flexibility with all these tax avoidance schemes and the ultra-rich would likely pay more in taxes (the mere rich might pay more or less depending on numerous factors), while wasting fewer resources trying to avoid taxation. Combining the lower rates with closing loopholes, reducing deductions credits etc. could be done in such a way as to make the burden on the wealthy tax payers less, while still bringing in as much or even slightly more to the government since it would reduce the deadweight loss of taxation.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News