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The Water Cooler
General Discussion
biden-gang-now-pushing-billionaires-tax-reality-will-likely-soon-tax-americans-401ks-iras/
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<blockquote data-quote="El Pablo" data-source="post: 3662594" data-attributes="member: 1563"><p>Tax loop holes by very definition are legal. That doesn’t mean they shouldn’t be closed. <a href="https://www.investopedia.com/terms/l/loophole.asp" target="_blank">Loophole</a></p><p></p><p>I have investments, I understand unrealized gains. Stock is part of my compensation. I still can’t exploit it like them based on how I get my stock.</p><p></p><p>I’m asking, how do you close obvious loop holes only the uber rich can exploit? No, closing the loop hole won’t cover the tax bill, that’s a separate issue. It makes no sense for the richest people in the world to practically avoid all income tax if they want to.</p></blockquote><p></p>
[QUOTE="El Pablo, post: 3662594, member: 1563"] Tax loop holes by very definition are legal. That doesn’t mean they shouldn’t be closed. [URL="https://www.investopedia.com/terms/l/loophole.asp"]Loophole[/URL] I have investments, I understand unrealized gains. Stock is part of my compensation. I still can’t exploit it like them based on how I get my stock. I’m asking, how do you close obvious loop holes only the uber rich can exploit? No, closing the loop hole won’t cover the tax bill, that’s a separate issue. It makes no sense for the richest people in the world to practically avoid all income tax if they want to. [/QUOTE]
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The Water Cooler
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