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I assume you do understand the problem that would result if everyone could pursue every possible loophole to the maximum extent like Apple, Google, Amazon, FB,
by jgalt212 11y ago
I assume you do understand the problem that would result if everyone could pursue every possible loophole to the maximum extent like Apple, Google, Amazon, FB, et al do.
- tn13 11y agoI don't understand your point. If there is a loophole I can exploit to pay 0 tax I would and recommend everyone else to do so.
- jgalt212 11y agoMy point is what would happen if everyone had the resources and moral turpitude to exploit every possible loophole.
- xixi77 11y agoPerhaps the government would then have an incentive to simplify the tax system and eliminate the loophole?
- jgalt212 11y agoI guess, but that actually depends on congress actually enacting new legislation.
- tn13 11y agoYes and it would be good thing. I don't agree that there is anything moral coercing people to part with 50% of their hard earned wealth so government could fund losing wars, foodstamps for bums and lobster fight clubs.