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Slightly offtopic, althought maybe not: Is it any political party's goal to close all tax loop holes, so as to virtually eliminate the possibility of another B
by PeeryTwo 9y ago
Slightly offtopic, althought maybe not: Is it any political party's goal to close all tax loop holes, so as to virtually eliminate the possibility of another Bill Gates or Steve Jobs or Jeff Bezos, at least on their scale?
- URSpider94 9y agoWhat makes you think that Gates and Bezos were created by tax loopholes? And, what do you even mean by tax loopholes? Is postponement of capital gains until a sale event a loophole? Most of Bezos' wealth comes from his ownership of Amazon, which won't be taxed until he sells his shares. Changing that rule would mean Bezos might be less rich, but it would also mean that you would have to pony up tax money every time your house appreciates in value ...
- surge 9y agoI technically do, it's called property taxes which are directly tied to the assessed value of my house. That said, I agree with your point, just bad example.