Talk of The Villages Florida - View Single Post - Billionaire Income tax
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Old 04-03-2022, 11:41 AM
Babubhat Babubhat is offline
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Originally Posted by njbchbum View Post
To begin with - how does the tax code change and who changes it and approves the change? What is the plan for increasing billionaire taxes? How is the current tax code going to change? Do billionaires have billions of annual income $$ or are they "paid" in stock options, capital gains, etc? Will the govt be changing the tax code on those types of "income"? Or will Congress be passing the wealth tax?
Congress passes laws with little regard to how its enforced. The IRS come up with guidelines which will be challenged for years. The billionaires will die of old age before it’s resolved. Defer until you die,

In case you haven’t noticed, the IRS is lacking huge amounts of talent. Don’t fear them