Creating Wealth Real Estate Investing With Jason Hartman

CW 566 - The Rich Don't Pay Tax or Do They?, Flat, Fair or Sales Tax with John Gaver

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A look at three different tax scenarios. What would you pay if the proposed flat, fair and sales taxes were implemented. Currently with issues such as underreporting of personal business tax, formal renunciations and “workers without papers” paying tax the IRS claims to be billions behind it what it should be collecting. John Gavers current book delves deep into the intricacies of the flat and sales tax programs and his upcoming book will dissect the fair tax and how the economy would be affected if it were to replace the current U.S. tax system.    Key Takeaways:  Jason’s Editorial  [2:00] The age old tax debate  [3:13] The velocity of money  [3:54] Candidate Obama eluded to an asset tax  [4:33] Capital formation means the capital is never really dormant [6:35] An update on upcoming shows [7:05] The new VentureAllianceMastermind.com answers all of your questions   John Gaver Guest Interview: [9:20] The IRS report says the rich are paying too much tax [10:44] 2300% increase in formal renunciations [13:33] Is