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For well capitalized and advised players, here's an idea of how things actually work[1][2]. [1] https://www.nber.org/papers/w28542 https://www.nber.org/papers/
by metaphor 2y ago
For well capitalized and advised players, here's an idea of how things actually work[1][2].
[1] https://www.nber.org/papers/w28542 https://www.nber.org/papers/w28542
[2] https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3089423 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3089423
- s1artibartfast 2y agoNBER finds 1% of fiscal income is unreported from pass through tax evasion. If anything, this highlights that Individuals should be the relevant level of income tax assessment.
- metaphor 2y agoYour arguments come off as incrementally disingenuous and intentionally misleading. That's +1% share of a pie on the order of $TRILLIONS between 2006-2013 to which the top-1% directly benefited from by under-reporting and playing pass-through games...and this was retrospective analysis long before the TCJA corporate tailwind went into effect.
- s1artibartfast 2y agoHow is it disingenuous and misleading. It is a clear and accurate summary. The bottom line is 1% of income. Im not saying it is zero dollars. Just pointing out that it is 1% for context. 50% of income would be a very different context.