eli5 what do people mean when they say billionaires dont get taxed
In: 9253
Exactly that.
First, if you have enough money you have _many_ options for _perfectly legal_ tax avoidance. You can move income around between companies, locations, etc so you’re not taxed as much, you can get tax credits for all kinds of things, and many, many more methods.
Even before that, a lot of the ways really rich people make more money are taxed at significantly lower rates than “regular” income. Capital gains are one example of this (so making money in the stock market).
Again, this is all perfectly legal.
Latest Answers