Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats
by Gibbon1 on Monday September 28, 2020 @04:50PM
(#24621073)
One other thing there is an assumption that membership in these statistical categories are 'stable' Not really though. Lot of 'the 1%' are in it for short periods of time.
Other big issue is the super rich typically have full control over when, where, and how, a taxable event happens. For the wealthy most wealth building doesn't involve taxable events. One of my beliefs is the mortgage interest deduction is a sop to the middle class. Because otherwise the wealthy would out compete middle class families for single family homes.
Other big issue is the super rich typically have full control over when, where, and how, a taxable event happens. For the wealthy most wealth building doesn't involve taxable events. One of my beliefs is the mortgage interest deduction is a sop to the middle class. Because otherwise the wealthy would out compete middle class families for single family homes.