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Originally Posted by Mushroom  If I am an international corporation (can be set up by an attorney for almost anyone that can afford it) then any money I make is sent to the account of the international corporation by mail or wire transfer. Since the money goes to an international corporation, no taxes are withheld for services. I simply withdraw money from the corporate account, thus...i pay no taxes since I have no income. (This stuff happens now.) |
Fraud can happen under either system.
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Originally Posted by Mushroom As far as capitol gains (such as with selling a house) It's not applied evenly as it is right now. You only owe CGT from the proceeds of your home if you lived owned it less than 2 years. (Think of it like a "flip this house" tax). |
Sounds like an exemption or deduction, and I am against both.
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Originally Posted by Mushroom The problem is, people that make a lot of money are always going to have ways of not paying taxes. |
I completely disagree.
If they felt they were not being taxed heavier out of envy, I think they would pay their tax bill gladly; Proudly showing up with a wheelbarrel full of money
Of course, this would also assume that we as a country started to reject classism, and hating on someone merely because they have money, or automatically assuming as a society that if you have some money you did something mean to get it.
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Originally Posted by Mushroom The trick is to make them pay for it by way of the expensive items they buy. |
I disagree. They can buy outside your jurisdiction.
The trick is to tax them fairly on their income, counting
all income.
If they make their money under the umbrella of the U.S. economy, then the U.S. has a right to a slice for upkeep ,the logic is unassailable.