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comment by am_Unition
am_Unition  ·  3341 days ago  ·  link  ·    ·  parent  ·  post: [DEBATE] Let's talk about taxes

Let's separate loopholes from incentives. Best example: even though there is "incentive" to stow your wealth in an offshore account, I'd like to call that a loophole.

I guess by loopholes, I mean straight up tax evasion. And I'm under the impression that there's a LOT of that going on, but I don't know that anyone has accurately quantified just how much.

Anyway, this isn't in the realm of things that I get payed to know, so I'm pretty lacking in concept. Feel free to school me :).





user-inactivated  ·  3341 days ago  ·  link  ·  

Storing your money in an offshore account isn't a loophole, it's just a thing you do to keep the IRS from calling you on it when you don't mention all the money you have.

am_Unition  ·  3341 days ago  ·  link  ·  

I'll rephrase my campaigning as "anti-tax evasion" and keep loopholes synonymous with incentives.

If only we had more taxes to better fund the IRS, so they could crack down on evaders. Self-defeating.