What are 10 ways ppl always cheat money?

If Taxes are raised on the Rich the Rich going to try to find ways to hide or cheat or to avoid higher Taxes t?

  • If Taxes are raised on the Rich the Rich going to try to find ways to hide or cheat or to avoid higher Taxes they will try to find loopholes and Tax shelters and other ways to avoid high Taxes they will not keep their money/wealth inside their Businesses create Jobs and hire Workers to avoid higher Taxes they will try to get round the higher Taxes with loopholes don't you agree they will try to find ways to reduce their Tax Burden they will not reinvest/invest just to avoid higher Taxes because they have other ways to avoid higher Taxes ? One of the more notorious examples is the tax shelter. Because the sale of capital assets are taxed only when they are profitable, investors hid much of their income in these shelters. In the late 70s, when capital gains became much lower taxed than income, tens of thousands of useless or empty office spaces were opened up nationwide, designed to "lose" money. Many of these tax shelters were for esoteric assets like collectibles, freight cars and even llama breeding. Between 1979 and 1985, tax shelter "losses" jumped from about $10 billion to $160 billion a year. (1) Another role of tax shelters is to convert highly taxed income into low-taxed capital gains. This represents a pure revenue loss to the IRS, with neutral or even negative consequences to the economy. When the government artificially raises the profitability of an asset, especially through highly specific loopholes, then investors will start making sub-standard investments that the free market would otherwise refuse to make. http://www.huppi.com/kangaroo/L-capgainsspur.htm What Conservatives Won’t Tell You: Higher Taxes Equal Reinvestment And Jobs By Ray Medeiros What the conservatives do not know or don’t reveal is, higher taxes make businesses re-invest most of their profits into the corporation. This is one of the reasons President Clinton had a booming economy. He raised taxes on the wealthy. Rather than pay the higher tax rate by extracting profits for personal use and having it sit on the sidelines, they re-invested it, creating a chain reaction of jobs. What we are seeing today is lower taxes leading to owners extracting money rather than reinvesting it. The cash sits on the sidelines in bank accounts, or in their wallets. So let’s raise taxes, and “force” this idle cash back into businesses for reinvestment and create the jobs this country needs. http://www.politicususa.com/en/higher-taxes-jobs

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    Why do you think it's right to take someone else's money because they are successful? If you feel you need money get more educated or work two jobs. Say you make 20,000 a year, do you think they should make you support someone who makes 10,000 a year? When you start going overboard on taking peoples money you kill the goose who lays the golden egg(paychecks for those who work) what then? You eat the goose and nobody gets paid and now you have more poor people. I have never worked for a poor man and I bet you can guess why, a poor man isn't hiring. There will always be the rich and the not so rich. Don't let money envy rule your life. I have worked for as little as 10.00 a day scrapping chicken ****. I did that until I found something else. My children had gumption enough to do more with their lives than I did. They went to school part time while they worked. Two still work two jobs even though they don't need too. I like to think they got that from me, working two jobs and getting money without asking for help and by god I could have used some. I don't regret doing it though, because everything I have, I got myself.

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At what point do you consider someone rich? The 1% that already have every tax loophole known to lawyers, or anyone making above minimum wage?

yawn. every time taxes are lowered the economy has grown. from JFK to GW.

I didn't read all of that. The rich who do not have ethics will act as they always do no matter what the tax structure. Like the rich retailer, I don't remember his name, said "why shouldn't the people take half of my money, I took it all from them". If you are blessed with intelligence, and good physical and mental health enough to become super-rich, share your blessing with your brothers and sisters. It is the moral thing to do.

tonks_op

Go make a difference in the world, do something for yourself. The "wealth" will never come to you on your current path. Obama is trying, and he is failing. This country was built with hard *** work. You can play all the political games you want, and in the end..............you still wont get the money unless you work for it......wake up you fool.

crgcarroll

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