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Not sure why you get downvoted. Most people with more money and especially on his level have only little exposure to income taxes. Even the estate taxes will no
by Schweigi 7y ago
Not sure why you get downvoted. Most people with more money and especially on his level have only little exposure to income taxes. Even the estate taxes will not have a big impact when doing proper tax planning.
- gdulli 7y agoHe or she missed the entire point of the article. > he proposes raising the estate tax, and closing certain loopholes “many wealthy people take advantage of.”
- Schweigi 7y agoIt would have been great if he went into details on how to close those “loopholes”. Most the “loopholes” are on purpose to stimulate business growth and support legitimate charities. The advantage of wealthier people is that they can structure their assets as businesses or charities so cracking down on those “loopholes” is not easy without affecting the economy. If he is serious he should advocate for a wealth tax. That is one of the best ways to close the “loopholes”. But for now it seems he tries to keep out of that discussion.