Why can’t a middle class individual use the same tax avoidance methods as the ultra rich to pay little to no income taxes?
In: Economics
They can. They can treat their income, losses, and wealth the exact same way the ultra rich do. The key is understanding the difference between wealth and income and which one is taxed. If I own a billion dollars worth of stock yet had zero income in 2020 what is my income tax burden? Zero. Hell I might even be able to get various types of income based welfare.
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