Reply to Turns Out Americans Actually Do Want to Tax the Rich

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

[b]Name off some of those unfair rules.[/b] I mean, what gave Microsoft an unfair advantage over Apple in the late 80s, and what gave Apple an unfair advantage over Microsoft in the late 2000s. What gave Amazon an unfair advantage over Barnes and Noble, and what gave Five Guys an unfair advantage over your local favorite burger joint. No one is entitled to anything that they have not earned, and what they earn is determined by market value of their work output.[/quote]

Where do I begin?

1. Preferential tax rate for capital gains vs. earned income
2. Corporations' ability to deduct interest expense for all forms of debts
3. Depreciation of assets to shield income from taxation
4. Legal tax avoidance maneuvers available to multi-national corporations but not small businesses
5. The LLC model that allows shady businesses to fleece innocent bystanders but leaves no one with recourse when they want to sue
6. The myriad ways to structure estates so that close to zero tax is paid
7. The fact that Apple Corp and Warren Buffet pays a tax rate that is easily 10x lower than the one I pay on my W2 income
8. The fact that SALT deduction limitations don't apply to Schedule E income

....shall I continue?[/quote]

No, no, it's fair and equal. "The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, to beg in the streets, and to steal bread!"[/quote]

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