One simple law could eliminate how the rich skate on taxes.

4 months ago
804

US Patriot: No.All income taxes need to go away…period. It needs to be a flat sales tax & ALL will pay their fair share. Rich spend more therefore will pay more. Poor spend less & will pay less BUT at least ALL will pay taxes and not just 50% & the other 50% living off the teat of others

Russel Hickson: it's an interesting idea, but wouldn't that stop 2nd mortgages for the average joe in many cases?
Daniel K: That’s not quite how it works. They aren’t putting up “unrealized gains”. They are putting up the actual stocks and or property. Think margin loan or even a heloc. Besides that, I’m fine with the plan.
Chris B: My favorite is when they argue to raise taxes because rich people exploit "loopholes" to avoid paying them.
(Otherwise known as following tax law)

Just close the loopholes then moron.

Can't blame people for legally paying less than they are legally required to.

That'd be dumb.
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------DISCLAIMER: This show contains opinions of the host and guests and is meant for education and/or entertainment purposes only. News Variable provides information and the sources where it was obtained. Viewer discretion is advised.

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How can you move your 401K to Gold penalty free? Get the answer and more with Goldco’s exclusive Gold IRA Beginner’s Guide. Click here now! – Goldco Partner of Whatfinger News 👍 see https://www.gcjdjhs3e.com/4RQSJ1/4B269N/?sub1=textad

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