The politics of envy? Alive and well it would seem. Our inbox has been jammed with statements complaining that those evil rich bastards, especially Trump, are ripping off the rest of Merrika. Oh and the tax law is racist too. That was a new one for us!
Apart from tax avoidance being a national pastime, we asked those making the claim demanding the rich to grow a conscience at what $ amount should those same tax laws not apply to others?
Looking at IRS data (we’ve yet to update the figures to the latest set but the trend has been crystal clear), the Top 1% chip in 38% of total income taxes. The bottom 50% less than 3%. That is up from 19% and 7% respectively in 1980.
The most egregious claim made to us was that the tax system was racist. Black actor Wesley Snipes was convicted of three misdemeanor counts of failing to file tax returns to the value of $23.5 million. We also noted that Martha Stewart was done for tax evasion.
As we said the other day. If Trump is convicted of tax evasion then he deserves to be punished like anyone else.
Ultimately we wonder whether all those triggered liberals would avoid making any tax deductions if were they filthy rich?