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Most loopholes are aimed at big corporations and high-income people ($1M+). You and I cannot take advantage of them easily. Loopholes: - obfuscate the fact th
by jazzyk 9y ago
Most loopholes are aimed at big corporations and high-income people ($1M+). You and I cannot take advantage of them easily.
Loopholes:
- obfuscate the fact that "certain" people, who should be paying 35% are not, in fact, paying a penny.
- give incredible power to the people who decide what "certain" group to reward with them or threaten to withdraw them
- charlesdm 9y agoYou can actually use them, but probably are not, since you're a high income, high income tax paying person? If you can earn $300k a year as an entrepreneur, vs $300k as an employee, then it's a lot more likely you'll be paying significantly less taxes when going the self employed route.