Quote:
Originally Posted by JBinKC
What is going to happen??? A bunch of rich people are going to conspire to kill me for saying they have more opportunity to circumvent paying taxes (some legal and some not).
Average people have the some opportunities for avoidance albeit they have fewer options.
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My point was if the rich were not taking advantage of the breaks, it's possible some of that money would never be spent.
Instead of buying the condo in my example I could go to a hotel. Which is better for the local economy- buying the condo, IMO.
Instead of buying the car in my example I could rent a car. it is better for the local economy for me to buy.
Comments like the rich get all the breaks are weak. It is a micro/ personal economic view of a problem. Look at the macro economic (big picture view). Would you rather the money get spent and go to some corporation out of Delaware, or put back into the local economy which creates jobs for some and tax benefits for others?