3 ms·

$500 million is less than 2 dollars per person. If I forget to declare the 6 dollars that my neighbor paid me to feed his dog one day last week, I have committ

by ouid 7y ago

$500 million is less than 2 dollars per person. If I forget to declare the 6 dollars that my neighbor paid me to feed his dog one day last week, I have committed more tax fraud than you have just brought up. You either have no capacity to understand economics at the scale of the US government, or you're intentionally misrepresenting it.

fortran77 7y ago
Each individual committing this fraud has stolen between 2 and 8 thousand dollars. I don't think that's OK.
- ouid 7y ago
  "I don't think that's OK" is not equal to "they are robbing us blind". You have entirely lost the plot. Trillions of dollars of tax revenue are being lost because capital gains doesn't count as income. Furthermore, you just said yourself that less than 1 in 1000 working Americans is engaged in this scheme. Comparing this to the graft engaged in at the upper echelons of wealth in this society is extremely dishonest.
  - fortran77 7y ago
    > Trillions of dollars of tax revenue are being lost because capital gains doesn't count as income Capital gains do count as income, just at a different rate if "long term." And there are one-time exemptions for real-estate gains, and other rules for exchanges. This is the way the law works. One's cheating, the other is legal. One is malicious and criminal, the other is someone following the law. The law may be wrong. That doesn't mean people who follow it are bad. Change the law. And put the people knowingly and falsely claiming EITC in jail where they belong.
    - raydev 7y ago
      > The law may be wrong. That doesn't mean people who follow it are bad I think you might want to reconsider this. Even just googling the words "civil rights" might help. Ignoring the atrocities of the Rule of Law, the money owed still matters a lot less to millionaires, so chasing them down should be the priority.

3 ms·

$500 million is less than 2 dollars per person. If I forget to declare the 6 dollars that my neighbor paid me to feed his dog one day last week, I have committ

by ouid 7y ago

fortran77 7y ago
Each individual committing this fraud has stolen between 2 and 8 thousand dollars. I don't think that's OK.
- ouid 7y ago
  "I don't think that's OK" is not equal to "they are robbing us blind". You have entirely lost the plot. Trillions of dollars of tax revenue are being lost because capital gains doesn't count as income. Furthermore, you just said yourself that less than 1 in 1000 working Americans is engaged in this scheme. Comparing this to the graft engaged in at the upper echelons of wealth in this society is extremely dishonest.
  - fortran77 7y ago
    > Trillions of dollars of tax revenue are being lost because capital gains doesn't count as income Capital gains do count as income, just at a different rate if "long term." And there are one-time exemptions for real-estate gains, and other rules for exchanges. This is the way the law works. One's cheating, the other is legal. One is malicious and criminal, the other is someone following the law. The law may be wrong. That doesn't mean people who follow it are bad. Change the law. And put the people knowingly and falsely claiming EITC in jail where they belong.
    - raydev 7y ago
      > The law may be wrong. That doesn't mean people who follow it are bad I think you might want to reconsider this. Even just googling the words "civil rights" might help. Ignoring the atrocities of the Rule of Law, the money owed still matters a lot less to millionaires, so chasing them down should be the priority.