Many of the uber-rich pay next to no income tax
submitted 2 years ago by video2 from (yahoo.com)
[–]Touchngo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (0 children)
It is because they have wealth, not income. Income is taxed, wealth isn't.
It's complete BS, but that's the reason why. It's all legal, thanks to how the laws are written to always favor the wealthy.
[–]cant_even 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (0 children)
45% of all supposed taxpayers "pAy No InCoMe TaX".
We now estimate that 40 percent of tax units won’t pay tax in 2025, higher than our previous projection of about one-third.
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[–]Touchngo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–]cant_even 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)