What is your opinion on Biden’s new proposed death tax? Since I know you are in the financial sector.
Its illegal, or should be. Its double taxation. The money to purchase was taxed when it was made. Im not a fan of taxes. There is so much waste in the Fed govnt, they could easily find what they need if they point the power of the IRS to Govnt spending.
I dated a girl who worked for Microsoft, as a customer success manager, she worked in DC and her clients was major govnt offices. Like Dept of XYZ...
Some of these Dept's would make BILLION dollar purchases, then not use it, or only use some of what they purchased. Its really nothing more then money laundering, and why Im 110% against Lobbyist. Thats the job of Lobbyist, to get their companies their fair share of tax payers money. Its also why I strongly support Term Limits, because lobbyist are on every corner in DC. The longer an elected official remains in DC, the more likely their "good intentions" are replaced by self serving influences.
Im also a flat tax supporter. Financial discrimination is very real and actively deployed in how our govnt taxes us. People should not be penalized because they worked hard, found a niche, in many cases accepted extremely high levels of financial risk to find success.
When its all said, Fed, State, Products, services, property, etc, many people pay >50%.... Its criminal!
No entity should have the right to take more then what you are allowed to keep of your earnings.
Democrats only solution for every problem is tax & spend... There is so much corruption, they should make Amazon, Apple, Microsoft, etc pay their fair share in taxes. Currently the janitor at your kids school pays more in taxes then Amazon, which is insane!
Eventually, people will give up their citizenship to bypass taxes. When you make a certain amount, there is no real benefit to remaining a U.S. citizen. You can still live here, but not be eligible for SS, etc.. So eventually I think you'll see a very large number of people freely surrender their citizenship.
1. Term limits for Senators & Congress
2. Make lobbying illegal
3. Internal audits regularly
4. Govnt Depts no longer have a "USE IT OR LOSE IT" budget practuce. This entices Govnt depts to waste their budget, because if its not completely spent, their budget could be reduced next year, so they intentionally waste it. Most people are not aware of this policy, if they were it would probably make people cringe a little more in Feb..
5. Enact Flat Tax:
The first $24K-$30K everyone makes is Tax free. Every Penny above that value is taxed at the same rate for everyone. No matter if its 40K or 40mill. Lets say hypothetically every penny above $24K is taxed at 25%.
6. Simplify Business taxes, with no writes off, NO OFFSHORE accounts NO TAX HAVEN Corporate offices, simply to bypass taxes. The fact BILLION dollar companies do not pay any taxes is criminal, esp when the govnt taxes individuals. While they should pay taxes, it needs to be a competitive rate. YOu can bring down the rate, if everyone pays a small %.