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I mean, there's either a legal tax shelter he will take advantage of, or he'll pay the gift tax. People complain about the wealthy and giant corporations "payin
by throwawayboise 5y ago
I mean, there's either a legal tax shelter he will take advantage of, or he'll pay the gift tax. People complain about the wealthy and giant corporations "paying no tax" but they are paying the minimal taxes that the law reqires, as we all do (any readers who voluntarily send extra money to the IRS are excepted).
- kennywinker 5y agoWeirdly, a system where large sums of money are required to hold political power seems to result in low tax burdens for the ultra-rich. I can’t quite figure out how the two are linked tho… /s
- gameman144 5y agoThe responsibility for the totally-warped tax law falls entirely on our elected officials. I expect people to try to bend rules to their advantage, and I expect rule-makers to not concede. I don't blame soccer players for taking a dive when it helps improve the odds of pulling a card; I blame FIFA for not putting in rules to disincentivize this behavior (though in soccer in particular, this is changing).
- kennywinker 5y agoI sortof disagree. Like, yes it’s down to individual corrupt politicians - but systemically basically nobody who isn’t corrupt can get elected anymore because of the massive amounts of dark money involved. So, getting mad at them seems pointless to me.