Anonymous
Anonymous asked in Politics & GovernmentPolitics · 1 month ago

Why are there tax loopholes for billionaires like Trump when ordinary folks pay thousands of dollars each year on back breaking taxes ?

And more importantly.....why do ordinary folks keep their mouths shut ????

5 Answers

Relevance
  • 1 month ago

    That's because of politicians from BOTH parties put those loopholes there for THEM to protect THEY'RE money! They can't allow us common folks to do the same because THEY need OUR tax dollars to fund THEY'RE pet projects so THEY can make even more money by selling they're power and influence to the highest bidder!

  • Mark
    Lv 7
    1 month ago

    Sure, there are loopholes but mostly there are tax incentives for investment which is what they use. Besides, the wealthy do NOT take money away from you personally or from anybody else. But, Democrats in Congress, mostly wealthy, btw, tap into your envy of rich people for political gain. 

    If you want more money every month in your paycheck, vote for conservatives. 

    Source(s): Trump voter
  • ?
    Lv 7
    1 month ago

    Taxes are hardly back breaking. You dont pay more in taxes than you earn. The loopholes people like trump exploit are designed to encourage business growth. Most businesses report losses for their first decade or so of operation. If they werent offered tax breaks very few companies would last ling enough to turn a profit, and the economy would stagnate. But big business owners kniw how to use this support structure to avoid paying taxes long after they should be

  • Anonymous
    1 month ago

    Why does AMAZON pay NO TAXES

  • What do you think of the answers? You can sign in to give your opinion on the answer.
  • 1 month ago

    Because rich people write the rules.  

Still have questions? Get answers by asking now.