this post was submitted on 26 Feb 2024
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Not necessary. Just tax the fuck out of them.
Not sure why comments like this get so many upvotes. What kind of fantasy world are you living in where rich people pay taxes? There are entire industries formed around helping people to avoid paying as much tax as possible.
Upvoted for what we want, not what we think is likely to happen, I assume.
Even smaller farm businesses spend $5k in lawyer/accountant fees to save $7k in taxes through dividends. It doesn't matter how small the return is at the end of the day, it's essentially free money for the client at the end of it.