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socialist_frzn_milk t1_itzfy2t wrote

Reply to comment by modernhomeowner in PSA: Vet your Sources [Question 1] by RonBurgundy35

What is fair, you ask? Well, it would start with stopping billionaires from doing this.

https://www.propublica.org/article/billionaires-tax-avoidance-techniques-irs-files

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modernhomeowner t1_itzglo1 wrote

Those are all strategies to reduce taxable income, which is a different discussion than rate of tax. Certainly a valid discussion, but unrelated. If I don't have taxable income, the tax rate can be 100%, it doesn't matter because I don't need to pay. But you do bring a good point, if they are willing to pay accountants hundreds of thousands to manage those tax strategies, the easiest strategy to avoid this new MA tax is very cheap, to just leave, no accountant necessary.

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