751
Totally reasonable
(discuss.online)
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Either this is highly exaggerated, or whoever is doing your taxes hasn't explained to you the various deductions you should be claiming or enjoying, from standard/basic deductions, to tax credits and programs, not to mention tax brackets.
That being said, is there a massive discrepancy in how little tax corporations and the rich pay compared to the little guy? He'll yeah there is.
What they're saying is that it is bullshit for a corporation to dodge taxes on their expenses (no matter how frivilous) but normal people can't deduct necessary expenses.
You can deduct your rent. You can't deduct your food. You can't deduct your vehicle to get to the job you're getting taxed to do.
It's not "dodging", and your bills would be a lot more expensive if the government insisted on billing companies by their revenue instead of profit.
But you shouldn't be paying any income tax if you barely make ends meet.
For nearly everyone the standard deduction is the way to go lately. If you itemize it's absolutely not the same as businesses being able to deduct their business expenses. There's a good argument businesses should be able to deduct these expenses in my opinion, but for individuals itemizing their deductions it's absolutely not comparable.
My hypothesis is that the tax system does not explicitly favor the rich - it favors those who can navigate its complexities. Which is the rich. Not because they are smarter - because they can hire accountants and tax consultant.
Nope. While you can exploit complexities and loopholes, the top 0.1% is propotionately taxed less by basic design anyway. No need of fancy double Irish dutch sandwich or whatnot.