HN2new | past | comments | ask | show | jobs | submitlogin

Every US person pays for taxes on capital gains and income tax at some point and those taxes ain't zero for executives of large corporations. Not even close. This extreme focus on taxation of corporations is bizarre. Eventually corporate profits need to be used by people. Companies cannot buy houses and living properties for executives either unless there is a legitimate business purpose rolled in somehow. You can try to bullshit the IRS but they will come down on you like a bag of bricks if you feed them a load of crap.


> Every US person pays for taxes on capital gains

Much of America never pays such taxes and has no such investments. About 40% (? IIRC) don't have $600 saved.

> taxes ain't zero for executives of large corporations

Taxes on wealthy are relatively low, in part because capital gains, the source of revenue for the wealthy, are taxed at a lower rate than income, the source of revenue for working class Americans.

> This extreme focus on taxation of corporations is bizarre.

I don't see the argument. Corporations pay relatively low taxes, and it has a large effect on other Americans who lack government services and have to pay more themselves to cover the corporations' share.

> You can try to bullshit the IRS but they will come down on you like a bag of bricks if you feed them a load of crap.

The GOP cut IRS enforcement to the bone, and it was restored only ~1 year ago.


Long term capital gains tax on the wealthy is 20%.

About the other point: IRS will come after you even after many years have passed so its a dangerous game of chicken to even attempt.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: