ST Alpha - "A tax code that allows that is criminal. And he's the candidate that wants the tax code to stay that way. " (Reading a Post)

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In response to "You lose money you don’t pay income taxes. I’m not sure what’s so controversial about that. " by spamlet

A tax code that allows that is criminal. And he's the candidate that wants the tax code to stay that way.

Posted by TWuG Sep 27 '20, 14:37

It's creative accounting that allows this and it's bullshit.

Responses:

An income tax code that allows people to not pay when they don’t have income is criminal? - spamlet Sep 27, 14:39 8
- For billionaires and millionaires, it's the deductions and, yes, that's criminal. -- nm - TWuG Sep 27, 14:42 7
  - Or,to put it another way, it's bullshit and a fucking tragedy that it's not an actual crime. Also rationalizing it is why we can't have nice things - TWuG Sep 27, 14:46 6
    - So what country would you like to compare it to? Every country outside of Central America allows carryovers of losses. - spamlet Sep 27, 14:49 5
      - "Everybody allows it" is not the argument you think it is. -- nm - TWuG Sep 27, 14:50 4
        
        It’s a fact, not an argument. -- nm - spamlet Sep 27, 14:56 3
        
        Your facts are ruining my very strongly held opinion. -- nm - Strongbad Sep 27, 15:36 1
        
        "It's perfectly legal" isn't the best way to argue against "it's immoral and a travesty and shouldn't be legal" -- nm - TWuG Sep 27, 15:45
        
        And my point is the fact is stupid and needs to go away regardless of how widespread it is. -- nm - TWuG Sep 27, 14:59

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