Replies to post #106171 on Mohacsy's Safe Portfolio Member Forum

[Elroy Jetson]

That's the same problem built into the tax code for humans.

Humans who work for a living pay tax rates much closer to those in other industrialized nations.


But humans who have enough money to invest pay hardly anything at all. I could easily pay far more in taxes to make our government functional with a balance budget.

But many humans with enough capital to invest can bribe our legislators and donate dark money to disinformation campaigns.

I still find it hard to believe Americans tolerate this.

[DewDiligence]

We do disagree vis-à-vis the Trump tax cut. To reiterate, in #msg-171978792 I said:

…many smaller and midsized companies (including several in my portfolio), who lacked ex-US revenue, far-flung subsidiaries, and the ability to execute complex tax-avoidance strategies, paid income tax at the statutory 35% rate (plus state income tax) prior to the Trump tax cut.

Your reply in #msg-171981011 acknowledges the above, but you nevertheless favor rescinding the Trump tax cut for reasons that have to do with the taxation of large companies. The bulk of your post is thus non-responsive to the point I’m making—i.e. that rescinding the Trump tax cuts would be devastating to the valuations of many small and midsized companies, including some in my portfolio.