I love how The low info crowd thinks carry over losses in multiple years is “not paying taxes”. The rich hire the best accountants to use existing tax law to pay the least amount. Gates started a “charitable organization” to shield income from taxes... I mean wake up people! The ones who can least afford it pay the most...the poor (bottom 50% almost) and the very rich (top 2-5%) do not pay much if at all.
Every foundation is a money pot of tax shelter. U invest the money into your own businesses and give it its tax sheltered cut. Then rinse and repeat perpetually. You live off of the businesses equity tax free and they pay the bills and write off the interest. Keep starting small businesses to feed it...
I love how The low info crowd thinks carry over losses in multiple years is “not paying taxes”. The rich hire the best accountants to use existing tax law to pay the least amount. Gates started a “charitable organization” to shield income from taxes... I mean wake up people! The ones who can least afford it pay the most...the poor (bottom 50% almost) and the very rich (top 2-5%) do not pay much if at all.
The middle class shoulders the burden.
Every foundation is a money pot of tax shelter. U invest the money into your own businesses and give it its tax sheltered cut. Then rinse and repeat perpetually. You live off of the businesses equity tax free and they pay the bills and write off the interest. Keep starting small businesses to feed it...
It's not that difficult,people like bezos just borrow at low interst against the value of their stock. They only pay take if they sell it.
And they never sell it. When they die,no tax is paid,and the loans are paid off.
They robbed us.
Approximately the US national debt. Stunning .