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I have a suspicion that this headline could also read: Top US Congressional campaign donors are failing to pay billions in taxes
by WarOnPrivacy 5y ago
I have a suspicion that this headline could also read:
Top US Congressional campaign donors are failing to pay billions in taxes
- andrewfong 5y agoThat raises an interesting possibility. What if we made donating to a campaign itself taxable? Like, for every dollar you donate to a Congress critters or PAC, you donate $1 to the government. Lots of reasons why this wouldn't happen (it's of questionable constitutionality under Citizens United and some other precedent), but it's fun to think about.
- 1986 5y agoIt would also probably be catastrophic for small-donor campaigns and less impactful than you'd imagine for large-donor campaigns - i.e. basically a regressive tax.
- WarOnPrivacy 5y agoInteresting idea. I was kind of hoping we'd jail legislators who wrote law and dispensed federal power (eg:DoJ as-a-service for copyright donors) in response to major campaign donations.
- jdavis703 5y agoGee, so now every time I rage donate $20 to some candidate or PAC I have to fill out a tax form? Like reporting stock trades is already enough of a pain. I really don’t want one more data point to copy and paste between screens.
- qeternity 5y agoIf you bothered to read the article you’d see that top donors are a small minority of the problem. 75% of tax gap is from 99%ers (who also only pay 60% of taxes, so they dodge at a higher rate than 1%ers)