@Geiger_Capital Basically the people that get screwed are those who make >$1 million a year in income because they pay half of it in taxes. Meanwhile people with billions in equity have come up with creative ways to avoid paying income taxes. Why would they pay taxes if they don’t have to?
@Geiger_Capital It’s a totally different debate to start talking about the top 1% paying the most income taxes. Everyone knows that. The issue the thread was referring to is how billionaires avoid paying taxes by never turning their wealth into “income,” instead taking out loans on their equity.
After perusing the books section at the airport, my biggest takeaway is that most of these bestselling authors just write a bunch of bullshit.
Was previously under the impression that bestselling authors all have the ability of F. Scott Fitzgerald or Mark Twain.