Buy, Borrow, Die: How Billionaires Legally Avoid Paying Taxes While the Rest of Us Can't : Capitalism@europe.pub

Buy, Borrow, Die: How Billionaires Legally Avoid Paying Taxes While the Rest of Us Can't (data4democracy.substack.com)

submitted 1 year ago by tfm@piefed.europe.pub to c/Capitalism@europe.pub

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cross-posted from: https://piefed.social/c/politics/p/1419141/buy-borrow-die-how-billionaires-legally-avoid-paying-taxes-while-the-rest-of-us-can-t

A Step-by-Step Guide to How the Ultra-Wealthy Minimize Their Tax Burden While Their Fortunes Multiply

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Buy, Borrow, Die: How Billionaires Legally Avoid Paying Taxes While the Rest of Us Can't (data4democracy.substack.com)

submitted 1 year ago by Icytrees@sh.itjust.works to c/wildfeed@sh.itjust.works

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How does someone worth $200 billion manage to pay a lower tax rate than a teacher or nurse? Why do some billionaires go years without paying any federal income tax despite their fortunes growing by billions?