4 ms·

the tax system should be made simpler... no loopholes (I know it is probably not easy to accomplish, but worth a try) ... because middle class can't afford to a

the tax system should be made simpler... no loopholes (I know it is probably not easy to accomplish, but worth a try) ... because middle class can't afford to avoid taxes like the rich does it.

penagwin 8y ago
That's simply not possible. The IRS themselves state that "tax evasion" is illegal, but "tax avoidance" isn't. A "loophole" is the use of deductibles to lower the amount you pay in taxes, that you choose to try to get. For example, you could get lower taxes by "getting married", even if you're just friends you can get lower tax rates, etc. That's a "loophole". Are we supposed to prove they "really wanted to get married"? Now apply that to potentially all deductables.....
- themihai 8y ago
  >>For example, you could get lower taxes by "getting married", even if you're just friends you can get lower tax rates, etc. That's a "loophole". Are we supposed to prove they "really wanted to get married"? Now apply that to potentially all deductables..... Ha ha ... What about a trillion dollar company paying less than 0.9% tax in countries where tax is minimum 13-19% ? Are we supposed to prove they really tried to evade tax? Or companies not paying any tax at all by siphoning profits through fictive loans in places where they pay little or no tax? I'm not sure if you get this but the issue is not about someone getting married to get lower taxes(even though that would be illegal just like married someone to get permanent residency is illegal). https://www.theguardian.com/business/2014/nov/05/-sp-luxembourg-tax-files-tax-avoidance-industrial-scale https://www.theguardian.com/business/2014/nov/05/-sp-luxembo...
  - penagwin 8y ago
    We both agree on the problem that they should be paying more. I suggest that fixing "loopholes" isn't the solution, and instead may consider a "hard-minimum" for multi-billion dollar companies. No deductions beyond x%.
- trumped 8y ago
  I knew that my opinion would not be popular here as most users are pro corporate... but either way, your definition of loophole is wrong
  - penagwin 8y ago
    We both agree on the problem that they should be paying more. I suggest that fixing "loopholes" isn't the solution, and instead may consider a "hard-minimum" for multi-billion dollar companies. No deductions beyond x%. Deductions do have a use, they may encourage them to "go green" or whatever. But yeah there needs to be an actual minimum.

the tax system should be made simpler... no loopholes (I know it is probably not easy to accomplish, but worth a try) ... because middle class can't afford to avoid taxes like the rich does it.

penagwin 8y ago

That's simply not possible. The IRS themselves state that "tax evasion" is illegal, but "tax avoidance" isn't. A "loophole" is the use of deductibles to lower the amount you pay in taxes, that you choose to try to get. For example, you could get lower taxes by "getting married", even if you're just friends you can get lower tax rates, etc. That's a "loophole". Are we supposed to prove they "really wanted to get married"? Now apply that to potentially all deductables.....

themihai 8y ago
>>For example, you could get lower taxes by "getting married", even if you're just friends you can get lower tax rates, etc. That's a "loophole". Are we supposed to prove they "really wanted to get married"? Now apply that to potentially all deductables..... Ha ha ... What about a trillion dollar company paying less than 0.9% tax in countries where tax is minimum 13-19% ? Are we supposed to prove they really tried to evade tax? Or companies not paying any tax at all by siphoning profits through fictive loans in places where they pay little or no tax? I'm not sure if you get this but the issue is not about someone getting married to get lower taxes(even though that would be illegal just like married someone to get permanent residency is illegal). https://www.theguardian.com/business/2014/nov/05/-sp-luxembourg-tax-files-tax-avoidance-industrial-scale https://www.theguardian.com/business/2014/nov/05/-sp-luxembo...
- penagwin 8y ago
  We both agree on the problem that they should be paying more. I suggest that fixing "loopholes" isn't the solution, and instead may consider a "hard-minimum" for multi-billion dollar companies. No deductions beyond x%.
trumped 8y ago
I knew that my opinion would not be popular here as most users are pro corporate... but either way, your definition of loophole is wrong
- penagwin 8y ago
  We both agree on the problem that they should be paying more. I suggest that fixing "loopholes" isn't the solution, and instead may consider a "hard-minimum" for multi-billion dollar companies. No deductions beyond x%. Deductions do have a use, they may encourage them to "go green" or whatever. But yeah there needs to be an actual minimum.