Sheeeit mane they think u shud b able 2 juz lee money 2 yo kidz witout tax n shiet
Jeff bezos pays himself 80k a yearWarren buffet paid himself $1 a yearAll to avoid income taxes.
>>517669103whoa. powerful lesson there
>>517668891that sounds great tho
>>517668891Ironically the worst thing to happen to the left was letting women and nuggets represent them kek. Sadly you see the right making the same mistake now.
>>517668891SHIEEETOH HELL NAWGIBS ME DAT
>>517668891she is right. a country cannot function without taxes. the rich already arent being taxed enough, and so dumb poor MAGAt think they shouldn't be taxed either.
>>517669767it can function without income taxes and property taxes
>>517669767when did the USA get income tax exactly?
>>517669767Leftists are insane and need to be locked up in mental asylums, if not euthanized.
>Mup poo budda bix nood!This seems like an important thread.
>>517670066it's the primary source of revenue. without it, you'd kill half the government's budget.>>517670096it's not nearly as recent as you're implying. before 1913, the government relied on tariffs, excise taxes, land sales. these worked when the federal government was much smaller.today, the federal budget is over $6 trillion. tariffs and excise taxes could never cover that.
>>517669103>All to avoid supporting niggers.FTFY
>>517668891replace all taxes with unimproved land value tax of 15%. 2009 total US unimproved land value was estimated at ~$24 trillion, i'm going to assume that has more than doubled in the 16 years since then to ~$50 trillion today. about 10% of that value is owned by the federal government, so we get taxable value of $45 trillion. current US federal tax revenue is $5.5 trillion. a 15% land value tax would result in revenue of $6.75 trillion per year. this would decrease the deficit to about $650 bn per year, 2.1% of GDP per year, or below half of the sustained nominal GDP growth rate of ~4.5%. this would mean a shrinking debt to GDP ratio. if you want to maintain a steady debt to GDP ratio, 13.5% instead of 15% would result in $6.075 trillion per year in revenue.the many positive impacts of this policy change would include:drastically decreased costs associated with tax collectionsignificantly simpler tax preparation for citizensminimal tax penalties on actual productive economic activityincentivizing the development of unimproved, high-value landdisincentivizing land speculationthe tax is also about as progressive as it gets; if you don't own land, you don't pay any taxes
>>517669103okay but how much do they pay in capital gainz?
