In article <v1o0e9$234sp$3@dont-email.me>, bax02_spamblock@baxcode.com
says...
>
> Rudy Crayola <Meth@Amphetamin.com> wrote in news:v1nap7$1uk8n$1@dont-
> email.me:
>
> > On 5/10/2024 9:40 AM, Baxter wrote:
> >> Rudy Crayola <Meth@Amphetamin.com> wrote in news:v1kaih$15v33$1@dont-
> >> email.me:
> >>
> >>> On 5/9/2024 6:42 PM, Baxter wrote:
> >>>> Frank <"frank "@frank.net> wrote in news:v1irbv$o1es$1@dont-
> email.me:
> >>>>
> >>>>> On 5/9/2024 10:59 AM, Baxter wrote:
> >>>>>> "Scout" <me4guns@verizon.removeme.this2.nospam.net> wrote in
> >>>>>> news:v1icoj$koo3$4@dont- email.me:
> >>>>>>
> >>>>>>>
> >>>>>>>
> >>>>>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
> >>>>>>> news:v1glnl$5bd7$1@dont-email.me...
> >>>>>>>> Frank <"frank "@frank.net> wrote in
> >>>>>>>> news:v1gbqr$2vqn$1@dont-email.me:
> >>>>>>>>
> >>>>>>>>> On 5/8/2024 11:31 AM, Scout wrote:
> >>>>>>>>>>
> >>>>>>>>>>
> >>>>>>>>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
> >>>>>>>>>> news:v1g32h$s58$3@dont-email.me...
> >>>>>>>>>>> pothead <pothead@snakebite.com> wrote in
> >>>>>>>>>>> news:v1frha$3un8u$4@dont-email.me:
> >>>>>>>>>>>
> >>>>>>>>>>>> On 2024-05-08, Scout
> >>>>>>>>>>>> <me4guns@verizon.removeme.this2.nospam.net> wrote:
> >>>>>>>>>>>>>
> >>>>>>>>>>>
> >>>>>>>>>>>>>> And, until now, the IRS doesn't have the money/resources
> to
> >>>>>>>>>>>>>> go after the uber rich.
> >>>>>>>>>>>>>
> >>>>>>>>>>>>> Horse shit.... they have always had the resources to do so.
> >>>>>>>>>>>>> The problem is the tax code is written in a manner that
> >> allows
> >>>>>>>>>>>>> the rich to bypass most taxation which naturally they take
> >>>>>>>>>>>>> full advantage of.
> >>>>>>>>>>>>>
> >>>>>>>>>>>>
> >>>>>>>>>>> And you're wrong - it takes manpower and court time to
> collect
> >>>>>>>>>>> from the uber rich.
> >>>>>>>>>>
> >>>>>>>>>> Yea, and look at how much they stand to get by doing so...
> >> unless
> >>>>>>>>>> they really don't...
> >>>>>>>>>>
> >>>>>>>>>> See my mom was regularly audited so much we had rules, one of
> >>>>>>>>>> which was we couldn't laugh at the auditor.
> >>>>>>>>>>
> >>>>>>>>>> I remember the largest error she ever made.. after a 4.5 hour
> >>>>>>>>>> audit and finding out that the majority of the family income
> was
> >>>>>>>>>> deemed legally non-taxable.. they finally reached the
> conclusion
> >>>>>>>>>> she had over paid by 4 cents due to cumulative rounding
> errors.
> >>>>>>>>>>
> >>>>>>>>>> She ran a tax service and knew the tax code loopholes on how
> to
> >>>>>>>>>> avoid paying unnecessary income tax.
> >>>>>>>>>>
> >>>>>>>>>> So, yea, most of the very rich pay very little to nothing in
> >>>>>>>>>> income tax because they have little to no taxable income...
> >>>>>>>>>> despite how much they might make on paper.
> >>>>>>>>>>
> >>>>>>>>>>
> >>>>>>>>>> For example. Say I own a large block of stock in a major
> >>>>>>>>>> company.. now if I sell it to buy a house or such.. it counts
> as
> >>>>>>>>>> income and becomes taxable.
> >>>>>>>>>>
> >>>>>>>>>> HOWEVER if I use that stock as security for a loan and use
> that
> >>>>>>>>>> loan for my expenses.. well that generates a debt and isn't
> >>>>>>>>>> taxable.
> >>>>>>>>>>
> >>>>>>>>>> Yet they have millions to spend.
> >>>>>>>>>>
> >>>>>>>>>> Then they get to use the interest on that loan as a deduction
> in
> >>>>>>>>>> the future taxable income. When they get income that would be
> >>>>>>>>>> taxable.. they simply dump it into repayment of their loan
> which
> >>>>>>>>>> makes reduces/eliminates your 'income' and again you pay no
> >>>>>>>>>> taxes.
> >>>>>>>>>>
> >>>>>>>>>> Yea, the IRS doesn't go after the rich, because it's not worth
> >>>>>>>>>> it. Because the rich use the rules to exclude their money and
> >> any
> >>>>>>>>>> generation of wealth from being taxable income.
> >>>>>>>>>>
> >>>>>>>>>> Further they pay a fix fee each year to cover all their legal
> >>>>>>>>>> issues so if the IRS or anyone else comes after them. they get
> >> to
> >>>>>>>>>> talk to the lawyers endlessly because it doesn't cost the rich
> >>>>>>>>>> person one extra cent for running the IRS through court and
> >>>>>>>>>> motions and such like until the cows come home.. and end the
> >>>>>>>>>> end.. they will probably find out there was no taxable income
> >>>>>>>>>> anyway.
> >>>>>>>>>>
> >>>>>>>>>>
> >>>>>>>>>>
> >>>>>>>>>>
> >>>>>>>>>>
> >>>>>>>>> Yet Google sez: "The top 10 percent of earners bore
> >> responsibility
> >>>>>>>>> for 76 percent of all income taxes paid, and the top 25 percent
> >>>>>>>>> paid 89 percent of all income taxes. Altogether, the top 50
> >>>>>>>>> percent of filers earned 90 percent of all income and were
> >>>>>>>>> responsible for 98 percent of all income taxes paid in 2021."
> >>>>>>>>>
> >>>>>>>>
> >>>>>>>> The rich SHOULD be the ones paying the taxes. When income taxes
> >>>>>>>> were first enacted, they applied ONLY to the rich.
> >>>>>>>
> >>>>>>> Yep and now we are all among "the rich".
> >>>>>>
> >>>>>> And the conservative mantra is "tax the poor"
> >>>>>> =========
> >>>>>> Sen. Rick Scott (R-Fla.), the head of the National Republican
> >>>>>> Senatorial Committee, released an “11-point plan to rescue
> >>>>>> America” that included a proposal for all Americans to pay some
> >>>>>> form of income tax, even if it was a nominal amount.
> >>>>>>
> >>>>>> https://rescueamerica.com/11-point-plan/
> >>>>>>
> >>>>>> ============
> >>>>>>
> >>>>>> and BTW, the Repugs are lining their own pockets with those tax
> >>>>>> breaks
> >>>>>>
> >>>>>> https://www.vox.com/policy-and-
> >> politics/2020/1/24/21078559/republicans
> >>>>>> -tax-cuts- congress-profits
> >>>>>>
> >>>>>
> >>>>> Tell us why most billionaires support democrats.
> >>>>>
> >>>> They don't. What ever gave you that idea?!
> >>>>
> >>> Maybe you should read Forbes Magazine with its list of all American
> >>> Billionaires and what their affiliations are.
> >>>
> >>
> >> IOW, you don't have a reference.
> >
> > Apparently you are housebound and cannot drop by the library to read
> the
> > current Forbes or other Business media. Perhaps you could remove your
> > ignorant ass from the Newsgroups long enough to read the Forbes or
> other
> > financial magazines on net?
> >
> >
> And while I'm at it I should read the encyclopaedia - and every other
> book and magazine in the library to satisfy you?! You made a claim that
> you can't back up.

He told you where to find it you lazy fuck.