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This is incorrect: the wealthy don't use loop holes. They use incentives explicitly enumerated in the tax code. What else is an incentive for, but that the gov
by ta20240528 1y ago
This is incorrect: the wealthy don't use loop holes. They use incentives explicitly enumerated in the tax code.
What else is an incentive for, but that the government wants you to use it?
Hell, Google got pre-approval from the IRS for their Dutch Sandwich tax structure.
Most poor people don't read the tax code. They should.
- defrost 1y ago~ Kerry Packer, before House of Reps Select Committee on Print Media, November 1991. ( https://www.youtube.com/watch?v=e97kq2XflKE https://www.youtube.com/watch?v=e97kq2XflKE ) It's still largely maximising what can be pushed through unintended loopholes.
- smaudet 1y agoMost poor people don't read* They should. Of course, this is not to say they always are stupid or illiterate, it's again usually just another form of exploitation, they don't have (or feel they don't) time to read it. Which is arguably explicit exploitation/enslavement - the Walmart door greeter doesn't have a difficult job, however their role doesn't allow them to do anything that would benefit themselves. I wouldn't care if they were reading their phones or a book, but noo... can't have the peasants educating themselves. And they aren't paid enough, so when they return home, they likely don't have any time after needing to perform meal prep, taking a second job, etc. The USA is a third world country in many respects.
- ta20240528 1y agoI'll grant you that: in many cases individual incentives combine in ways that are lucrative and unintended.