How Rich People Avoid Taxes

[hkdy]

I like how he's using the shorties mallet lol

[viennamusic]

"here's how the rich avoid taxes"
live in America

[skymaster]

That's part of it. Another way is buying art then donating it. So say you buy one for 50, 000 give it a way it's a 50, 000 charity donation

[askmewhyiwearthemask]

This is just a 199A Deduction…it’s most likely going away by 2026…

Cash Balance Plan + SEP IRAs = $200k+ deductions & tax deferral is what most business owners use

[xRyoden]

What if you create a business where you outsource your employees to do 9-5 jobs and you are the only employee?

[The_Chicken_One]

BUY DIE SELL
(If you inherit something like stocks or real estate, you only need to pay the taxes from the profits you gained when you started owning it; and your predecessor’s profits aren’t taxes at all

[MrA]

Yeah forgot about the part when they use a tax heaven and pay themselves in not taxable assets, like stocks, so they are not rich they just are "worth" that much

[_Nissan_pathfinder]

I’m still confused, maybe I’m just stupid 🤔

[onion]

That one one rich person watching:I pay taxes??!?

[ScoperWhites]

500k per year isn't THAT much but it's still a lot

[danielgramada]

At the last part, it shouldn't be like THAT!!!!

[hodayfah]

good thing there isn't taxes in my country

[Randy-msof]

I don't get it the rich is the one with business making 500k, but the 9-5 making the same exact amount wouldn't be rich?

[nickrs]

Or you could just live in
Texas
Wyoming
Washington
Florida
Tennessee
South Dakota
Nevada
Or Alaska

[Breadboisfan]

Burh we don, t have tax in melaysia lol

[maximustallman]

No one escapes the IRS the grim reaper of money 😨