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I agree, and find these practices deeply troubling. It is similar in Australia, where every now and then there is a story published about how extremely rich cor
by pserwylo 13y ago
I agree, and find these practices deeply troubling. It is similar in Australia, where every now and then there is a story published about how extremely rich corporations or individuals pay a few million to accountants, and reduce their taxable income to almost zero dollars. Those accountants provide a massive ROI for these people.
Sure, it may be perfectly legal according to the law, but it seems grossly unfair. One of the premises of our tax system is that the well off shoulder a larger burden then those who earn less (for better or worse - I think for the better). But the people who don't earn as much cannot afford to spend millions of dollars on accountants to reduce their tax bills like this.
If everybody wants to work in a functioning society, where essential services are funded by the government, then there needs to be income. Everybody who can contribute, and should do their bit.