The IRS can audit the ultra wealthy exclusively and it still wont really change how fucked taxes are in the US. The tax brackets are a fucking wreck, capital gains is a joke, and estate tax is basically non existent.

It's like cheering for Biden for really sticking it to those rich folk when he's just checking their couch for quarters.

[–] EatYouWell@lemmy.world 5 points 11 months ago

We really just need a corporate revenue tax. Any other method of taxing the ultra wealthy will be abused so that the ultra wealthy are the only ones not paying it

[–] blanketswithsmallpox@lemmy.world 2 points 11 months ago* (last edited 11 months ago) (1 children)

Ah true, guess we better do nothing rather than search for billion dollar quarters in the trillionaire elite class.

[–] Tak@lemmy.ml 1 points 11 months ago

That's what I am saying, this is nothing and we shouldn't be celebrating nothing. It's not like they fixed the Trump admin's tax changes, it's not like they're taxing the wealthy more.

To do more than nothing takes an act of Congress and they're not doing anything, they're doing nothing. This is the legal equivalent of 4th grade graduation ceremonies.