hmm (s3.us-west-000.backblazeb2.com)
you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 8 months ago (4 children)

The rich should pay more, but the rich could also hide their income by spending it -- they'd also have the benefit of consultants and lawyers who could sniff out every loophole.

  • source
  • parent
  • hideshow 4 child comments
  • [–] 1 point 8 months ago (1 child)

    Yeah, it could possibly work if the "after bills" portion is super specific. Like rent/mortgage and utilities on primary residence Everything else is taxed. Would be hard to loophole that, but there's a reason I'm not a lawyer.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 1 point 8 months ago

    It would be pretty easy for loopholes there. What's a primary residence? Maybe your primary residence now contains a pub, or a co-working space, or a dance studio. Utilities are included? Well your electrical bill now supports a couple of for-profit electric car charging stations. That's why they went with the standard deduction in the US.

  • source
  • parent