Wealth tax billionaires

No more tax loopholes! 🎯

There will always be tax loopholes, legal language invariably creates them, which is not to argue with the need for a fairer tax system that rewards ordinary wage and salary earnings within a reasonable range.

10% Flat tax after a decent basic income amount. Maybe disabled, teachers, first responders and vets get a break of 1-2%? Seems reasonable and fair to everyone IMO

A flat tax is a regressive tax and lower income people will pay a larger percentage of their income on taxes. We need to be taxed according to our income otherwise the rich will continue to pay nothing while placing the burden on the poorest

That's why you don't even tax income, after deductions, unless it's at least over XYZ $. I don't want anyone who's barely getting by paying anything. Millionaires can't write off yachts etc. and will still pay 10%

Millionaires and billionaires need to pay more taxes than that. I really suggest you look into taxes, revenue, and demographics. 10% of a billion dollars is fucking nothing to the billionaire. 10% of fifty grand is a huge deal.

My point is this, take away the loopholes the Billionaires use and 50k isn't getting taxed at all. We pay more now!

Most people making that little already don’t pay much in income taxes because we have (had?) a progressive tax in that the more you make the more you pay. Flat taxes are regressive no matter how you spin in. Removing loopholes I’m all for but that can be impossible w/o enforcement

Obviously the whole thing needs overhauling! We need a more fair system either way. Reinstate the plan for more analysts to audit the billionaires' returns too.

Loopholes have to do with what gets counted as income or what expenses can reduce the portion of your income that's taxable. Tax brackets have nothing to do with that, they're literally the least complicated part of the tax system.

No more politicians with portfolios... They get a wage. Any existing holdings are placed in a blind trust.

At least 50%with tax credits for good wages and benefits for employees

It's their turn to carry the social safety net. No taxes for anyone with monthly income of less than 5x the average housing rental for their situation.