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I am all for more clarity on this stuff. Income inequality is a real challenge and the tax code is a significant way to redistribute wealth in a county. That
by boringg 6y ago
I am all for more clarity on this stuff. Income inequality is a real challenge and the tax code is a significant way to redistribute wealth in a county.
That said this article is a bit tough to swallow. It starts by saying how they cant actually be sure how many people are evading taxes because it is too difficult to figure out and then go on to put a plot with explicit percentages around the amount of tax evasion per income bracket and use very specific numbers to back up their points.
(1) It seems like the article is trying paint with a pretty broad brush on a currently well despised class of individuals without much evidence. The argument is -- "their business arrangements are too complex, thus they must be hiding something". It really seems like the kind of headline that reinforces a bias that the system is rigged. Which there is inherent truth too.
(2) Instead of trying to change the tax code - why don't you go arm the IRS to actually pursue tax evaders? The policy that we're just going to change the whole tax code to solve our tax problem ends up in the same place after the fact. New tax code, unarmed IRS.
(3) Seems like Washington post is pushing an article to provide cover for the Dems to change the tax code and foment further anger towards inequality. I am angry about inequality but I am also angry at low quality reporting with a clear axe to grind.
(4) Any Americans who file taxes from abroad know how laborious the reporting requirements are - I would be surprised if most people don't file all the required information which includes all your bank accounts and assets. I highly suspect there isn't nearly as much fraud as in the past - especially with the incredibly painful fines associated with non-disclosure.
- boringg 6y agoAlso throw in the generic Trump anecdote to add further disgust/rage. I think Trump is an exception in terms of super super sketchy wealthy people - I don't think he is the example they should be using.
- hackeraccount 6y agoNobody becomes a reporter at the Washington Post if they're just interested in reporting facts - they get a byline because they're interested in telling a story that needs facts to work.