How the rich avoid paying taxes

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Title	:	How the rich avoid paying taxes
Lasting	:	6.07
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If you want to learn more about the US tax system, check out ProPublica's investigation into the wealth and taxes of some of the richest people in the country They obtained IRS records of billionaires like Jeff Bezos and Elon Musk that specifically show how the rich get away with paying little to no taxes br wwwpropublicaorg/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax
Comment from : @Vox

This video is kind of silly Whatever rich people do to avoid taxes is not even acessible to a YouTube videomaker You guys just have no idea It's like kids talking about being a doctor or a military general It's just out of our reach
Comment from : @deniscolares

I usually look up your videos for updates! Our government has no idea how people are suffering these days I feel for people with disabilities not getting the help they deserve Thank you PAMELA ANN PUNKAR, imagine investing $12,000 and received $305,500 within three months
Comment from : @MarcelinaMakowski

Its time to abolish the government in Jesus name
Comment from : @jesuslives4us249

The idea of taxing unrealized gains is ludicrious However, there needs to be different tax brackets for the ultra wealthy and they need to remove some of the tax strategies that allow untaxed wealth in perpetuity
Comment from : @JK13A

Taxing on appreciation before sold would be criminal This would destroy small investors
Comment from : @michaelflynn9916

High-Income Taxpayers Paid the Majority of Federal Income Taxes In 2022, the bottom half of taxpayers earned 115 percent of total AGI and paid 3 percent of all federal individual income taxes The top 1 percent earned 224 percent of total AGI and paid 404 percent of all federal income taxes
Comment from : @Myoplexlive

me on this
Comment from : @sangitapushkarna7123

forbidden money books, trust me on this
Comment from : @tigergamer8035

I recommend everyone to find the forbidden book titled Zyphura Money
Comment from : @Aarav999-x1v

and it's shocking
Comment from : @mohanlalgupta9279

You can find everything related to these matters in the forbidden bo
Comment from : @shibunaik9570

that show's all of the dark marketing strategies that today's business gurus use
Comment from : @user-ud7dx7sn6h

There's a book called Zyphura Money by Hunter Zypher on Vexoner, and it talks
Comment from : @Gam977

attraction techniques there Trust me on this
Comment from : @AniketSaini-ve8fm

the forbidden book Zyphura Money by Hunter Zypher on Vexoner; you'll be
Comment from : @HarshSingh-u4e

The fact that nobody talks about the forbidden book Zyphura Money by Hunter
Comment from : @KartikSaini940

shocked by the secret money attraction techniques it contains
Comment from : @SumanSinghSingh-b3r

Zypher on Vexoner speaks volumes about how people are stuck in a trance
Comment from : @ParmalPal-fk3wr

Zyphura Money by Hunter Zypher
Comment from : @sandeepkichha9802

to Vexoner and read the forbidden books about money
Comment from : @shibanibhattacharya9256

Vexoner; it goes deep into all of this, and it changed my life
Comment from : @bungotonsingha9782

drop everything you're doing and find an ebook called Zyphura Money
Comment from : @JitendarJitu-hr8nx

this is just the beginning Read the forbidden book Zyphura Money on Vexoner,
Comment from : @NeelkantSharma-ku5cm

Vox is so smart !
Comment from : @sevenRyeh

Tax earnings, not profit That would take care of it
Comment from : @RomeoJuju

please tell me who provides jobs? the poor?
Comment from :

Sock T i see what you guys did there
Comment from : @Manuel-gr2mc

Why should capital gains tax be as high as income tax? owning a stock means risk you could make money but could also lose money with income, you can only make money seems to me like income should rightly be taxed at a higher rate since there is no risk with income (unlike with stocks)
Comment from : @nicholashong9501

So it turns out that you can just use your stock portfolio as defacto cash and untaxed income after all, just as long as it's worth millions/billions to buy other stuff that's worth hundreds of thousands, millions, or billions if you just have basic amounts of potential stock money, they almost always just tell you to not even bother investing it if you feel like you have a big purchase coming up soon because it wouldn't be worth the hassle of having to liquidate/ sell it when it comes to buy, or to just put it in a "conservative" portfolio, a low roi CD, or something like that Getting a stock leveraged loan is like never an option for your small money, let alone to get one at a much lower interest rate but like they say, burrowing money is high class/ smart when you're rich and low class/desperate when you're poor there's no way this type of loophole should've been legalized unless it was done so by a paid for government
Comment from : @aedr04

That's the criminal side of this country, the rich know how to avoid taxes, on the other hand different incomes are taxed differently, that can't be right That's why the USA is so heavily in debt, because the rich hoard their money and pay virtually no taxes on their incomebrIs that tax justice? I would say “no”brThe whole tax problem in the USA should be drastically overhauled and tax loopholes should be closed immediately Even in a democracy, which I deny the USA, tax justice applies to everyone If you earn a lot, you pay more to the state - it's the same all over the world, except in the USA There, the rich are more equal than equal
Comment from : @baramuth71

Hi Thanks Now I know what to do 😁
Comment from : @magnusedwards7447

This is why the American people are trillions of dollars in debt Suffocated by the interest from borrowing to pay billionaires taxes for them
Comment from : @jonfettig9126

How do they pay back the loan unless they sell and realize the capital gains?
Comment from : @mtae5

Whenever they cash out, they get taxed, and the government has forever to wait time is on their side the government always at the end of the day
Comment from : @smoothie33

Just like Jeff Bezos stealing tips from drivers
Comment from : @stevenmichel196

I think they should get rid of the capital gains tax because it's my money that I make from my investments that no one helps me with
Comment from : @DustinMurr

even if they tax the billionair that much but willonly spend into nonsense like180billion aid package to ukrain is useless
Comment from : @peppercorn4196

MONOPOLY MONEY 😅 TIME TO WAKE UP PEOPLE!
Comment from : @cherylmart6338

How do they pay the bank back???
Comment from : @NomathamsanqaNakani

2:50 The Islamic Zakat system is way better than the current tax systembrbrFor example, someone like Elon Musk, who holds billions in shares, would have to pay 25 annually on his unused wealthbrbrMeanwhile, salaried people wouldn’t be overburdened with taxesbrbrPlus, there’s no tax on spending, which encourages people to use their money and boosts the economybrbrIt’s a much fairer system overall!
Comment from : @qaiserkhannizamani9318

I hate paying taxes, like the government pises you off and you have to pay them😂😂😂
Comment from : @jasoncheng7964

- And that's a good thing
Comment from : @Sammysapphira

How do they repay the loan?
Comment from : @economianarrativa

its simple, Tax on the spendings should be reduced to encourage spending
Comment from : @umerzia687

If Warren Buffet’s secretary is paying 37 income tax rate, she is VERY well paid She is not paying 37 Everyone need to pay more in taxes
Comment from : @kirksmith6861

Watching this a few weeks before Trump becomes president again
Comment from : @86figs

How the rich avoid paying taxes --- they bribe the lawmakers
Comment from : @stevenpike7857

Former Tax Accountant here Going to give unpopular take, but want to provide another perspectivebr1) This video is basically suggesting that the rich "don't pay their fair share" "Fair share" is inherently subjective, but is debatable According to Tax Foundation, the 1 earned 224 of all AGI, but paid 404 of ALL federal taxes This means that the 1 paid MORE in taxes than their share of incomebrbr2) This video focuses on the Capital Gains Tax Rate being lower than the ordinary Tax Rate It's framed as being a "favor to the rich", but that's not the case The reason Capital Gains are taxed at a lower rate is because the Gov wants to incentive investment Earning income from investing in equities is far riskier than earning a wage/salary While wages/salaries are GUARANTEED income, buying and selling equities has a risk of losing money To encourage people to risk in investments, the Gov taxes Capital Gains at a lower rate to increase investor's ROIbrbr3) America already does have an incredibly Progressive Tax System Tax Brackets increase Tax Rate the higher your AGI Additionally, Deductions and Tax Credits phase-out as your AGI increases Lastly, high-income earners are subject to an Alternative Minimum Tax, which is basically an alternative Tax Calculation to increase the Tax Liability on high-income
Comment from : @fatbrownbuffalo6194

YOU TAX THE DAMM Land, We need georgism in this country
Comment from : @SocietyofarchiveFootage

On the average as a business owner , all business expenses are a right off for taxes including a car That's why you see business owners LEASE CARS not buy So many tricks to not pay taxes again when you're a BUSINESS OWNER
Comment from : @dave7701

make the secretary pay less taxes
Comment from : @meixo9083

Somebody needs an Accounting lesson on the difference between tax avoidance (legal use of the tax code) and tax evasion ( which is a crime) There are armies of accountants whose job is to know every little nuance If you were a millionaire you would be employing them too you'd be a fool if you didn't You know what they say about a fool and his money
Comment from : @lisao9486

"Pay your fair share" I thought CONGRESS established the 'fair share' for paying taxes, and the Internal Revenue Service (IRS) enforced them with IRS rules and regulations People are arrested for "Not" paying their fair share, ain't they?
Comment from : @mikmik9034

1st society as a whole gets richer 2nd higher taxes should bring more tax revenue but history shows it doesn’t Ask why? We need lower taxes No matter how much taxes the government collects it wastes everything Ppl know how to spend their money The government does not
Comment from : @jakelamotta7904

The rich aren’t undertaxed Ppl are overtaxed
Comment from : @jakelamotta7904

Malaysia took a leaf from this lesson learnt Now capital gain is being taxed starting 2025
Comment from : @faredhassan847

I avoided paying taxes I own property
Comment from : @thestifmyster1

NO😂🎉
Comment from : @dangdan7807

They usually borrow margin which interest rate is super low Only 3
Comment from : @jackzhu434

This is such a dishonest presentation Should high earners in general be paying more? Yes, I'd wholeheartedly agreebrbrBut, the claim that somehow they are getting away with something because of the "step up basis" on inherited stocks is ridiculous It makes complete sense that someone who inherited stocks would only pay capital gains tax (when they finally sell) on the gain since when they inherited those stocks That's because in order to inherit them in the first place, those assets get taxed at the time of inheritance via estate taxes In the US, for the kind of high income people this video is talking about, estate tax rates are 40, which is much higher than capital gains tax rates, and even higher than income tax rates In addition, some states have their own estate/inheritance taxes in addition to the 40 federal ratebrbrThat's why the step up basis exists It gets taxed highly on death via estate taxes, and only after that via capital gains taxes
Comment from : @nathanscandella6075

In islam we pay Zakat on the wealth brAnd it's only 25 but 25 yearly from bill gates or elon alone who have billions is far more than what they actually pays for taxes
Comment from : @lastjourney

What good is being “rich” when you are near the end of your life as an old person? No fun there…👎👎👎👎
Comment from : @jjojo2004

Maybe we shoud look at how the present tax payer dollars are being used instead of pointing fingers on who is paying
Comment from : @federalisticnewyorkians4470

Biden proposed but did he DO anything? Of course not
Comment from : @joshhoward1289

Buffet’s secretary is in the 37 tax bracket?? Good for her!
Comment from : @joshhoward1289

Tell me you don't know what you're talking about without telling me
Comment from : @IsaacRodriguez-ub9qs

laws are formulated by them so it's no wonder
Comment from : @iskalasrinivas5640

Remember the ol' good times when there were no taxes in America?
Comment from : @BurritoNikito

5:10 WHY DO WE WANT MORE TAXES?! The government is terrible at managing our money
Comment from : @mckaykriser4676

The rich aren’t breaking the law, they just know the law better than most people because they have so much money We need to invest like the rich We need to learn from them
Comment from : @mckaykriser4676

How about we just have less taxes all around
Comment from : @mckaykriser4676

Don’t blame the rich, learn from them
Comment from : @mckaykriser4676

how is the system making the rich get richer when a poor person can still invest in capital gains ? people are srsly mad because they havent figured out a way to pay less taxes like the rich does The law is literally the same, just the matter of how you use or exploit it
Comment from : @awriana

😂non Pagano tasselobby E donazioni riduzzini di tassee poi Si chiamano Americani😂😂😂😂
Comment from : @NataleFallanca

Rich white people can avoid paying taxes Ask Wesley Snipes about black people not paying taxes SMH😢
Comment from : @brendalake5042

And if my company gives me stock i get income and capital gains tax applied 🤣
Comment from : @Mankey1234

Good video Can you explain this to me Belgium has no capital gains tax, 0 and 50 tax on labour Still the median wealth is one of the highest in the world!
Comment from : @aapjehoan