Many of the uber-rich pay next to no income tax

submitted by video2 from yahoo.com

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]Touchngo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (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.