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To: cableguymn

Ever heard of the carried interest loophole ??

Definition of the loophole

https://ourfinancialsecurity.org/2021/10/close-the-carried-interest-loophole-that-is-a-tax-dodge-for-super-rich-private-equity-executives/

Everyone does need to pay taxes and almost everyone is in one form or another things like federal gas taxes, etc. the notion that some people don’t pay taxes is incorrect, they may pay very little income taxes but overall everyone pays something

A couple of facts I think are true

We have a massively growing federal deficit which is causing huge problems

You need more revenue and lower spending realistically nothing will happen but probably won’t

The truly wealthy can and should pay more

The large and growing wealth inequality in the country will eventually lead to social unrest

During Covid a huge number of new billionaires were created, compared to average citizens who were crushed


67 posted on 09/06/2023 9:58:26 PM PDT by srmanuel ( that )
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To: srmanuel
The truly wealthy can and should pay more

What percent of their earned income would you suggest?

68 posted on 09/06/2023 10:01:36 PM PDT by going hot (Happiness is a Momma Deuce)
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To: srmanuel

You sound like a liberal

Good luck with your tax the rich plan.


75 posted on 09/07/2023 8:42:41 AM PDT by cableguymn
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