Most of the responses so far have been pretty educational and informed and I like to think I’m not the one to typically bitch or rant but think I just might here.
The government just passed a 1.7 trillion spending bill, the bill being over 4,000 pages long. The government and DoD specifically can only account for a shockingly low amount of assets and spending in a given year. But somehow my potential $600 payment even if it’s all gain must absolutely be accounted for by the IRS. To accomplish making sure I pay my gains they’re giving the IRS $80 billion. Then they claim the money given to the IRS is to go after the wealthy. Sure sounds great but the reality is the truly wealthy have lawyers and accountants that are top notch and “cheat” the system by utilizing the loopholes created by the system. Sure they might find an illegal scheme here or there and tangle up some athletes and Hollywood celebs but they won’t get at the true ultra wealthy. Then they’ll look at how they can make up for the claimed expected tax profits, watch out medium to small family owned businesses. Wether republican or democrat I always see “x” official is giving “y” amount of money to Ukraine or to some foreign area that had a natural disaster. Well the government doesn’t give anything, the taxpayers do and they take credit for political score when applicable.