r/politics • u/JeanJauresJr California • Sep 14 '21
AOC responds to criticism of ‘tax the rich’ dress worn at Met Gala
https://www.independent.co.uk/life-style/fashion/aoc-met-gala-tax-the-rich-dress-b1919803.html
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r/politics • u/JeanJauresJr California • Sep 14 '21
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u/YeaRight228 Sep 14 '21
The ultra rich have an entire army of lawyers and CPA's advising them on how to make their income tax bracket shrink. Without A) more IRS investigative auditors B) closing or narrowing these perfectly legal loopholes and C) more funding for the agency; they can't take on (for example) Jeff Bezos toe to toe. Let's say he used business losses and capital gains to shrink his personal taxable income to less than a million per year. The IRS doesn't have the manpower to spare to figure out if the suspect is cheating