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what, live tax free? how. warren buffet the year he released his tax return he made 64 million. you think the return was one thousands of his wealth he s the worst investor in america. he is not tax free. he pays something dividends that have already been taxed. warren buffet s income in the tax system is a tiny portion of his actual wealth increase. that is how we need to fix the system. the reason it is thick is it has rules that does not recognize income for tax purposes. you encourage certain good social behavior. let the market take care of that. the tax system is broken. there has always been loopholes people flipped from the system. the biggest problem is it up ....
Flat means everybody pays after a certain point. poor people don t pay income tax and everybody pays the same. that s not the most complex part of the code. if you have more than one tax rate you open it up for them to clutter the code again. they made a stab at simplification two tax rates 15 and 28 percent. 40 years later there s a third rate and off to the races. we have had 14,000 changes since 1986. with the single rate everyone knows if you are doing something. today you can make a change in the code six months later people may discover what actually happened. you say if we have a flat tax. this would help charitable giving. but i would lose the deduction? americans don t need to be brought bribed to give. when americans have more they give more. charitable giving in terms of a dollar roughly two mers of gdp ....
A week to address a problem in a way we are talking about with whatever minor differences we have. if you have a special break then people have to come to you and kiss your ring and beg you for special breaks. they are powerful. thank you will and david. to keep the conversation going the twitter hashtag is tax time. am coming up to lower their tax bill thousands of americans move to different states. we will tell you which ones. next how government uses this book to manipulate us. the federal government provide tax credits, subsidies in order to help the individuals and families purchase qualified health insurance plans. when you sat down to dinner with anticipation, not hesitation. ....
you are stuck with your federal taxes. in america you have to pay. but america is having 50 different states means you can avoid some taxes if you live in the right state. that s a good thing, because it creates competition. if your state does something stupid you can leave, take your talent, money elsewhere. millions of people do. travis brown invented a clever way to document who is moving where. here it is. we are looking the at the movement of americans and their income measured internal revenue service tax payer data files since 1992 and 2010. we can do it from this period and show from where and to where americans reason voting with their feet and their wallet. these red states people have ....
At a severe disadvantage. if we think about inequality in the united states why not start attacking it by taking this thing down from 75 pages or something everybody can deal with. i should say the 75,000 is beyond this that s the ex lan nation. the movement is to add more. right, yeah. read the paper it s a little adjustment tweak here. what is really so tough about that, why did this is really an issue is actually today it is probably more than ever easier for the average person to be an entrepreneur to start something. line li {line10} it allows you to ship a product and build them and collect money an easier way than ever before. we have the opportunity to encourage entrepreneur ship and we throw a tax code at entrepreneurs don t even try. don t even try. that s not what we want to do. ....