Badassbab said:
HappySqurriel said:
I read the article on Yahoo and the Globe and Mail ...
He talked about how little taxes he pays and how taxes should be increased on the super rich, but he is paying so little taxes because he is using tax-loopholes to avoid paying taxes. If he wants to pay higher taxes he could simply STOP USING LOOPHOLES and pay higher taxes. If tax rates are increased he probably won't pay significantly higher taxes because he will have the money to afford to pay a team of accountants to continue to find loopholes for him to not pay higher taxes.
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Them loopholes need to be closed down man. It's the only way. Can't expect others to volutarily not exploit them.
In the UK it is estimated the Treasury loses about £25billion pounds a year through tax loop holes the super rich can afford to exploit. It angers me when they make so much money off the UK market and yet deposit their earnings in an offshore bank account to avoid paying tax that all the working and middle classes have to pay. Still I would hope the Treasury doesn't waste this extra revenue they could earn (waste is something Governments tend to be good at).
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Problem is... you can't close them all down.
10% of the population of Sweeden are American Millionaires.
I mean... how ridiculious is that?
