General Discussion
In reply to the discussion: Economists Say We Should Tax The Rich At 90 Percent [View all]7962
(11,841 posts)You cant hide ALL of it anymore of course. But you can make 10 million a yr and pay tax on 2 million and your standard of living isnt going to raise any eyebrows. You really think the IRS is going to station agents at every casino table? And what about the cash workers? We have a lot of people paying little tax because they work for cash. We depend on their honesty in reporting. AC repair, plumbers, mechanics, accountants, photographers, etc. The list is long. All well paying professions. Not part of the richest of course, but there are LOTS in this category and they pay on what they report.
We're just not going to get enough money to run the government just by focusing on the top 1%. There arent enough of them.
The wonderful days of the 50s the federal budget was about 20% of GDP. Today its over 35%. THATS the number you need to focus on, not tax rates.