Re:How the Rich Reap Huge Tax Breaks From Private Nonprofits
by twoodfin on Sunday July 30, 2023 @10:58AM
(#36931780)
Right. The current low rates provide much stronger incentives to accurately report income vs. less efficient tax shelters and in-lieu-of-cash benefits. So we expect taxable income statistics to more accurately capture real earnings than under earlier tax regimes (particularly pre-1986).
The follow-up is that based on the manipulated income data, wealthy people pay disproportionately more taxes?