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Ultra-rich don't have to pay any taxes, perfectly legally, according to recent ProPublica files: https://www.propublica.org/article/the-secret-irs-files-trove-o
by js8 5y ago
Ultra-rich don't have to pay any taxes, perfectly legally, according to recent ProPublica files: https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax https://www.propublica.org/article/the-secret-irs-files-trov...
So why would they pay jet fuel tax, too? This has nothing to do with global warming, it's all about tax avoidance, it fits the pattern.
- tracedddd 5y agoThe wealthy certainly enjoy special tax advantages, but this article should come as no surprise. You pay taxes when you sell your stock. So not selling any stock for a year and not taking a salary means you pay no taxes. That’s just like everyone else. Of course you can’t spend your money or diversity without selling, either, so it’s really more of a delayed tax.
- js8 5y agoSure, it's the same law for everybody, just like everybody can just travel with their own personal jet for a "business purpose", right?