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
Well I don’t know all the tricks in the book but I know one of them is buying a vehicle over 6000lbs (Mercedes g wagon as the only vehicle I know of) which allows them to write off 100% of the purchase and claim it on the tax they pay which is upwards of 250k. I’m not 100% certain on the specifics but it’s something like that. Ofcourse middle class families can’t normally afford the deposit on a g wagon let alone make all the payments and as such they can’t write it off on tax
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