Revealing How Billionaire's AVOID Taxes Legally

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[cashewmellow]

And we still somehow have people arguing that there are ethical ways to become a billionaire. They're literally outing themselves with shit like this 🤦

[Shadyu]

A lot of people don't understand the difference between tax avoidance and tax evasion

[StiggyAzalea]

“Billionaires won’t admit it” showing a picture of Trump, famous for saying he avoids taxes on the debate stage in 2016

[KevinTalbotTV]

Dude, you need you leave uk with the money you make! Come to the isle of man. 0% corp tax, 0 capital gains tax, no stamp duty and top rate income tax 22% on top of that almost no crime and litter and everyone is so friendly! What are you doing in uk man!!

[profitbruv]

1. Even if you pay the most taxes possible, it‘s only around 50%. If you‘re going to be a super high net worth individual, paying taxes will hit hard but it‘s not impossible to build wealth.
2. Since business expenses reduce the tax amount, taxes don’t really get in the way of your business growth

Paying 0% taxes is a nice money doubler, but it‘s not going to be the key factor when getting rich

[bondjames]

All those making 50k a year scratching their head.
Ya... that's what I need to be rich..
And extra 20k a year!

[erikmielke]

The irony of the supposed social contracts is that basically nobody accepts them, there really are not many people who love their governments, who like the laws or who believe that it makes sense to pay taxes

[SuperDigitalPower]

When you have a valuable business, you don’t pay taxes, customers do.

[littlebird]

Another way to avoid tax.. use monero.

[wtwvxdt]

that is what nobility used to mean...freedom from taxes. title was just a title but money was made this way, no taxes to the king.

[chefhak]

The tax code wasn't written for employees its written for business owners and investors

[davidkives]

Open up a LLC and trust in Cayman islands.

[Theboywhocrieddead]

Another way to avoid taxes is to go to Dubai a Tax free country Since the country is rich

[RyanMartin-rp]

Could use everything as a general expense

[ABCDefpaco]

Zero people got rich through having a home office and expensing their travel meals. More bollocks.

[Yourubeei]

I have never seen the issue with avoiding taxes

[pricex]

Technically its about avoiding paying taxes as much as possible giving you more time to figure out how to invest and end up paying less tax in the end obviously even billionaires pay taxes some more than others since they have found how to invest and divert being taxed obviously you have your shady folks like anything in life

[PodcastClips-zber]

Wrong. Billionaires use their stock as collateral for bank lones and then don’t pay them back. Basically a tax free way for them to liquidate the stock without paying tax.

[dawidmayska]

Or maybe just pay your fair share like the rest of the people? How come anyone needs millions in his bank account?

[gunnand]

If the options are to pay half your money, or have to work through 48 loopholes to pay nothing, then it's the system itself that is the problem. There should be NO reason the government needs 30% or more from EVERY american. Think about how many people live in the country and pay taxes. 6% is plenty when you factor everything in