Posted on 12/22/2024 8:12:25 PM PST by lasereye
But at the same time, he said he won't pay more than he's required to, because "taxes aren't meant to be optional". He explained that he wants all the billionaires to pay more. That does not strike me as a very convincing explanation.
It just so happens that Gates lives in WA. Interestingly the article also noted that Gates criticizes Washington's tax code because it doesn't have an income tax, which lets people like himself get off with paying too little taxes.
I kind of hope this WA wealth tax goes into effect just to see how Gates tries to get around it by moving out of the state, fighting it in court etc.
But at the same time, he said he won't pay more than he's required to, because "taxes aren't meant to be optional".
Saw that too. Yes, his explanation was nonsense.
It’s an evasive non-answer. It basically means nothing.
They will just screw up wherever they move to and wonder why their new state goes down the tubes too.
Exactly.
Thou shall not covet.
There was a New York Mayor who, when he found out El RushBo left New York due, in part, to the insane taxes, the Mayor stated: “if I knew that would make Rush leave, I would have raised taxes years ago.” About a decade later, another New York Mayor stated:”we can’t keep raising taxes on the rich, because they will leave. They are the ones funding New York.”
paying taxes is VOLUNTARY! or so the IRS says anyway...
so PAY what you feel is your fair share, and fire your TAX accountants while you’re at it
As our state has a budget surplus.
He has been putting his money in his foundation to avoid taxes. Now there is nothing that is preventing the rich from paying more, they can.
I can tell you a simple way the rich can pay more, just don’t take any deductions for charitable giving , pay the extra taxes and problem solved.
Well said.
“taxes aren’t meant to be optional”.’
What does that even mean?
It means taxes will be collected with an iron fist.
In my experience that $250,000,000 limit is very fungeable. Soon it will be down to down to a few million. There’s no way they can collect any meaningful tax this way with a $250,000,000 threshold before the tax kicks in.
State governments are so stupid that they believe the rich will stand still to get eaten.
Millionaires Go Missing
Maryland's fleeced taxpayers fight back.
May 27, 2009
Here's a two-minute drill in soak-the-rich economics:
Maryland couldn't balance its budget last year (i.e., 2013), so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore and Bethesda also impose income taxes, the state-local tax rate can go as high as 9.45%. Governor Martin O'Malley, a dedicated class warrior, declared that these richest 0.3% of filers were "willing and able to pay...[end excerpt]
It’s easy to have a budget surplus. Florida has one every fiscal year. It’s that silly law that makes a balanced budget mandatory, and has hard rules for how the next fiscal budget will be calculated based on the current years income. It almost always comes in a little low versus actual revenues. That gives the Governor a little largesse to spread around. The surplus has been used to see teachers, police, and firefighters get bonuses, or schools get some extra money, or we have several no sales tax days each year. What a concept. return the money to the people.
Only the richest will pay this wealth tax. Just like the federal income tax.
Those who work, innovate, build businesses and employ people pay taxes while lazy people sit back and live off the results of their hard earned money. We have way too many “takers”! Instead of 87,000 more IRS agents we need we need 87,000 Social Security Disability/SSI fraud investigators.
filing is voluntary
paying taxes is not
the irs will file a return for you and send you a bill
It’s not a tax if he simply “donates” money to the Treasury. So donate away, nobody will stop you.
What a moron.
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