I only know the US system Sloth Give Me The Strength To Walk Away From Stupid People Without Slapping Them Shirt. Upvoted. As an estate tax planning attorney currently sitting less than a mile from Mr. Gates (not my client, obvs), he knows full well that his estate plan is set up to take advantage of the unlimited charitable deduction using family foundations. It’s easy then, knowing this, to advocate for a nominally higher tax he’ll never pay. EDIT: To further my point, be wary of rich people asking for an increase in taxes among the wealthy. Wealthy people are great at avoiding taxes and if they fail, they can always leave the country, and they do leave. And that’s something that very very few people are interested in doing.
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Now the government Sloth Give Me The Strength To Walk Away. From Stupid People Without Slapping Them Shirt? You. The extremely wealthy corporation owners want increased taxes and regulations because. They can easily avoid it while not-so-rich business owners can’t, allowing them to essentially. Become monopolies in whatever sector they are in. Just take a look at the internet providers and the history surrounding that to understand how that can affect the consumer and small businesses. Wealthy people cannot just “leave the country”. The U.S. taxes you no matter where you live in the world. People could move businesses they own/control out of the country, but that can have other implications, and again, any income you receive from those businesses, the U.S. will tax. Someone would have to renounce their U.S. citizenship and become a citizen of another country to get out of paying U.S. taxes.
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