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
The rich can afford to pay people to research, develop and execute tax avoidance strategies and the poor can’t. This has actually been a persistent bug in civilization since the beginning of civilization. Each time the regime creates new laws to plug holes, the rich are going to find the new holes first.
A key reason middle class people can’t do the same things is that some of these strategies require real lawyer-type work: creating documents (that incorporate a company, for example) getting them authorized… and these expenses are out of reach for most people.
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