Polytheist _Witch: At this point I don't believe you're American.You post paragraphs of shit but you have no idea that people pay tax on certain things. Well there's another indication who you actually are.
The wealthiest 10% of American households now own 89% of all U.S. stocks, a record high that highlights the stock market's role in increasing wealth inequality. The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the pandemic, according to the latest data from the Federal Reserve.Owning stocks is a way to defer paying taxes.
--> @ShilaThe wealthiest 10% of American households now own 89% of all U.S. stocks, a record high that highlights the stock market's role in increasing wealth inequality. The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the pandemic, according to the latest data from the Federal Reserve.Owning stocks is a way to defer paying taxes.Which income brackets pay no taxes on the dividends received from or sale of their stocks?
The wealthiest 1 percent of Americans are the nation's most egregious tax evaders, failing to pay as much as $163 billion in owed taxes per year, according to a Treasury Department report released on Wednesday.
What percentage of Americans cheat on their taxes?Your worst case scenario: up to five years in prison. Six percent of individuals 'fessed up to cheating on their taxes.
--> @ShilaThe wealthiest 1 percent of Americans are the nation's most egregious tax evaders, failing to pay as much as $163 billion in owed taxes per year, according to a Treasury Department report released on Wednesday.Yes, the wealthy in general are very good at circumventing tax obligations. Yet they're still responsible for the largest portion of taxable income.What percentage of Americans cheat on their taxes?Your worst case scenario: up to five years in prison. Six percent of individuals 'fessed up to cheating on their taxes.You're not answering my question. Since you brought up stocks being a tax haven, I'm asking you which income brackets pay no taxes. (Remember, that was your point, not mine.)
58% of Americans own stocks. But stocks are part of their employment pension and retirement plans.Owning stocks is one way to defer paying taxes. But only the very rich can cheat on their taxes by hiring fancy accountants.
--> @Shila58% of Americans own stocks. But stocks are part of their employment pension and retirement plans.Owning stocks is one way to defer paying taxes. But only the very rich can cheat on their taxes by hiring fancy accountants.Enjoy your day, sir. I have no interest in either indulging or engaging your mulish avoidance of a direct response.
If the IRS knew Which income brackets pay no taxes on the dividends received from or sale of their stocks. We wouldn’t have tax cheats anymore.
-> @ShilaIf the IRS knew Which income brackets pay no taxes on the dividends received from or sale of their stocks. We wouldn’t have tax cheats anymore.You are grossly misinformed or under-informed about the subject matter. (A little eagerness to investigate the subject about which we speak may help you.) Enjoy your day, sir.
10 days later
The ultra rich run the government. They don't have to pay taxes, they help collect them.
107 days later
You assume that the rich, if left untaxed, will use all that money to help the poor. However, history shows that instead they use their money to buy themselves cars, private jets...ect. Hence, investing in production of expensive things that dont distribute to the poor.
