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First you have to tax billionaires at a fair tax rate. Buffett on average pays $15M a year in taxes. As he says, my accountants follow all the tax laws. The issue is the tax laws are written to benefit the rich. Suggest you read up on the SALT (State and Local tax) tax deduction that the Democrats built into the BBB bill. It would have …
First you have to tax billionaires at a fair tax rate. Buffett on average pays $15M a year in taxes. As he says, my accountants follow all the tax laws. The issue is the tax laws are written to benefit the rich. Suggest you read up on the SALT (State and Local tax) tax deduction that the Democrats built into the BBB bill. It would have generated $268M in new tax deductions for the rich. The GOP under Trump reduced the SALT from no limit to $80K per year max. The Democrats BBB bill raised the deduction to $450K. This is the type of political changes the rich pay lobbyists and politicians for and this is what needs to be addressed.