Eli5 How does billionaires evade paying tax and not get arrested?.
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From a more macro perspective, you want to tax billionaires, but not too much. If you over-tax them, they can fund your opponent in the next primary (with an unlimited amount of dark money, without ever revealing the source, thanks Citizens United). They can also just become citizens of a rando carribean island to avoid taxes if they feel over taxed. And then you lose all the tax money, and your political career is over.
So you make the loopholes in the tax code everyone else is talking about.
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