7 Ways To (LEGALLY) Avoid Taxes | Tax Loopholes Of The Rich

(Yes, This video is sponsored by Skillshare)

Why the rich don’t pay taxes? That has been one of the questions that many people don’t fully understand.

If the working class pays taxes, why do the rich get away without paying theirs?

Well in this video we are uncovering some of the ways many of the wealthiest people in the world use to reduce or eliminate their taxes.

These strategies and tax loopholes are being used by some of the biggest corporations in the world, like amazon, apple, google and many others.

This raises the question, do you think the rich should pay more in taxes? Let me know in the comments section what you think.

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[nebulanesian]

In actuality, these aren't loopholes. This is just the way the tax code is written. Easiest way to make more money is learning the tax code and using it to your advantage.

[Lifestarterpack]

America is the land of opportunity. Everybody can become a taxpayer.

[ossen]

- Expensive paintings
- Charity organisations
- Buying property

[oddixgames]

1:35 - Correction - they haven't found those loopholes, they've DESIGNED them.

[julz_]

Fun fact: the USA is one of a few countries that has a citizen based tax system, meaning that say if a US citizen moved to another country for life, cutting all ties, bank accounts, assets/income and never returned they still have to file federal tax returns and pay some taxes annually. The only escape is to renounce citizenship, truly awful system

[duncancoetzee]

Reporter: "Why don't you pay taxes"?
Donald Trump: "Because I am not stupid".

"Success leaves clues."

[errolm]

Simply owning a business or simply buying a home does not guarantee low taxes, one must PROVIDE jobs or PROVIDE housing to reduce taxes

[garrettmoise]

Great video as usual👊. The best part? Anyone can implement these strategies as long you have financial education to have a better for yourself and family.

[bekirhadzic]

I have the knowledge guys,


Now I just need a multi million dollar corporation

[Josh-shsq]

Thanks so much. I’m only a teen but I have a different perspective to business wealth now.

[skyzifero]

Damn dude. A lot of work went into making this video. Excellent research and presentation!

[stevenwpf]

Omg you packed a lot of information in this short video! Nice

[voicification]

What a clear crisp video and truly informative! Excellent work.

[dongt]

Overall great video! I do want to point out that your Apple example (5) was a bit off. What happened was that Apple Bermuda owned the patents and intellectual properties (IP) of the company and licensed the IP to Apple Ireland. Also, you mentioned that you can do this with a shell company with no employees which is false, you actually need to prove you have substantial operations in the county to even try to use this method. Additionally, This happened years ago and is no longer possible because it is extremely harder to pull this off now due to the new regulations. I feel this should’ve been mentioned on the video since people may think this is still going on without knowing Apple got fined a whopping €13 billion from the EU relating to this tax scheme. You could’ve pulled this off in 2015 or before but not anymore.

[MoneyRegard]

Fantastic video. It was to the point and simple to understand. People save millions if not billions in taxes through the listed methods.

[MrAstringf]

Awesome content. Got the wheels turning. Thank you! I wonder what the cost is to hire the team of CPAs to provide the means for accomplishing this level of sophistication. I guess it has to be cheaper than paying the tax, but I wonder how much do save from paying the professionals rather than the taxes.

[alfs]

beyond excellent video on how to avoid the greed that is government!

[ramonramirez]

Thank you for your informative video. Liked, subbed, and commented. 😁

[mohammedabdulmumini]

Hey i have watching your channel for a while and have been impressed and encourage you to keep it up. i was wondering if you could tell me which books to read to expand my knowledge. thank you

[hanochegyes]

Great video, I would be happy to watch a similar video that is useful for regular people who earn five figures