Reddit Reddit reviews Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich--and Cheat E verybody Else

We found 8 Reddit comments about Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich--and Cheat E verybody Else. Here are the top ones, ranked by their Reddit score.

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Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich--and Cheat E verybody Else
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8 Reddit comments about Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich--and Cheat E verybody Else:

u/quakerorts · 3 pointsr/tax

Bush tax cuts made permanent by Obama. It's a tax break for the rich because our congress is all millionaires looking out for millionaires who in turn pay for their campaign.

https://www.nytimes.com/2015/12/30/business/economy/for-the-wealthiest-private-tax-system-saves-them-billions.html?_r=0

https://www.amazon.com/Perfectly-Legal-Campaign-Rich-verybody/dp/1591840694

u/Megatron_McLargeHuge · 2 pointsr/AskReddit

I'm reading a good book called Perfectly Legal about this. It talks in detail about how perks like corporate jets are highly under-taxed, and how executives can defer taxes on their pay seemingly indefinitely.

u/GlobalPhreak · 2 pointsr/politics

"Now"... ? "New data"?

Got some news for you from 2005:

Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich--and Cheat Everybody Else

https://www.amazon.com/Perfectly-Legal-Campaign-Rich-verybody/dp/1591840694

u/AGooDone · 1 pointr/politics
u/IntrepidReader · 1 pointr/politics

That knowledge would chalk up to being an enrolled agent, not an intrepid reader. Other than Perfectly Legal, I would hope I don't look up tax laws in my leisure time.

There is really no justification to provide a mortgage deduction on a second home, though. It would be an interesting exercise to track vacation home ownership of the middle class over the years, though. I would bet it's decreased substantially. I could be wrong, but it would be interesting to see..

u/DoctorStefano · 1 pointr/Libertarian

There are drawbacks to everything but it isn't a problem. I addressed the "our population is too wealthy and we don't produce enough" bit in my comment

perfectly legal isn't part of his name mate

u/DethFiesta · 1 pointr/dogecoin

It is difficult to accept because I didn't see your reasoning - it is not as obvious as you think. Basically, you are claiming that a better tax regime structure will make the poor not poor and thus the exemptions would end. This would, of course, mean that the tax rate becomes more regressive again, because without exemptions those at the lower levels pay more of their income in taxes than the rich. And of course, this will help to further stratify society and keep the money where it's at. Now that I understand your reasoning it is even harder to accept.

Percentage of income taxed is THE measure. That's why we have progressive tax rates today. Taxing the wealthy at the same rate as the poor is simply unfair in addition to creating greater inequality in society. There has been general agreement since the 19th century that fair taxation is progressive taxation, which is why we have progressive tax rates around the world and no one has done anything as silly as a flat tax.

And the US has forced redistribution all the time: note how income has shifted upwards over the last 35 years while the tax burden shifts away from businesses and the rich and onto the middle class. This has been largely due to deliberate tax policy favoring the wealthy. Your proposal would be the greatest giveaway every to the super rich. For data, see the book "Perfectly Legal."