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Political Discussion
Reply to "Taxes - where should top tax rate be set and at what %?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's very easy to pay no taxes if you don't get a W-2. You set everything up as a business, run all passive income (dividends, cap gains, rental income, etc) through the business and charge all your expenses to the business and zero everything out. That's the goal of every CPA.[/quote] +1 Exactly. Owners don't pay income taxes. Income taxes are for the proles.[/quote] Bullshit. [/quote] Owners of capital don't pay taxes. Income taxes are for people with jobs.[/quote] Income when earned is taxed. Capital gains when taken are taxed.[/quote] And owners of significant amount of capital are very, very good at keeping capital gains unrealized, or matching realized gains with offsetting losses. The game is to go your entire life without ever realizing gains, then have your heirs avoid any estate tax and take a step-up in basis upon inheritance. Rinse and repeat.[/quote]
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