317
Pence mocked for saying ‘I don’t really buy the rich need to pay their fair share’
(www.independent.co.uk)
this post was submitted on 06 Jul 2023
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politics
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Not to mention the fact that a lot of rich folks can use tax loopholes to pay even less in taxes then the average person. Which is massively fucked up
But I think we focus on the wrong loopholes. The ability to accrue capital gains forever and not pay taxes on it, then die and let your heirs take advantage of a basis step-up is fucked up. Maybe if your net worth exceeds a certain amount then you should have to mark-to-market annually and pay taxes as if you sold and rebought at the market price.