Is it true that rich people dont pay taxes?

lol why would you ever allow an LLC to make money? you ever heard of amazon?

they do that by establishing residence in a tax haven, having LLCs registered in places like the cayman islands and owning their business through it, investing in irish etfs, the list goes on
you have no idea what youre talking about lmao

LLC claims the helicopter as a business expense. It saves sales tax on luxury items. Same for yachts, etc.
I really shouldnt help you with info given your rudeness but whatever

I'm not even rich but self-employed. The amount of shit I get to just claim as 'expenses' is ridiculous. Have drinks with your friends and casually happen to ask for advice about a new business idea? Well, then you can just claim the entire night's expenses off by saying it was a business dinner with a consultant (my friends are actually consultants and I actually do ask them for advice so its not even wrong).

Cars, computers, phones - everything is an "expense". I got myself a $2.5k system to play vidya last year that I claimed as "business expense". Because really, I do use it for work occassionally

I also live in a country with non kiked healthcare so I don't lose much from employer health insurance. Self-employed is extremely comfy

I remember reading about someone “employing” a family member and writing their tuition off as a business expense

As far as the US goes, you can't deduct that computer unless it's 100% business use. Except you can deduct a portion of it based on personal and business use. So if you use it half the time for personal you can deduct half but it literally requires logs of the time you are using your computer just like driving logs for mileage. I passed on that one. The best business expense is home office though especially if you've got a smaller house with inventory storage. I'm deducting 30% of all living home living expenses, even home repairs can be deducted at 30%

Rich people pay nearly all the taxes, its true that gains are taxed diff then regular income, but saying they dont pay is a meme

Yea how can they prove otherwise .. cuck

user please explain why you need an alienware computer for your business. AUDIT TIME

When it comes to Israel's money, you're guilty until you prove yourself innocent. Jews drop the act/mask off pretty quickly when it means an extra shekel is at stake.

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I reduce my tax by using a shell company to put my self-employed profits though to a "company" essentially having no earnings, and having the company tax rate, which is a lot slower than the employee tax rate.

Pay me via a dividend. Reduces it from 50% higher rate to 20% flat.

Because there's probably no one poor present to speak up. I will do so. Your comment is bullshit. The rich pay the most by gross $. The rich pay way less by %%. Regressive taxes as you even said yourself barely make up much of the taxes so its almost like we're doing it just to keep people poor. Property tax was the beginning of the end for the poor. Then sales. And now 12% of the paycheck to medicaid and social security. For what? As you said it adds up to nothing but destroys the poor.

Rich people pay almost all of the taxes nominally.
In terms of
>this guy is worth $100 Billion why he no pay half that in taxes
This doesn't happen because that $100 Billion is largely paper gains and unrealized, ie he holds many stock shares and the value rised but he no sell

They probably mean property owners don't pay taxes, they borrow from the bank to buy properties then live off the rent they get, but even that's not true because the rent would be taxable.

user, you put $10,000 in the basket at church over the course of this year. I saw you . Praising the lord and donating to the church . What a guy. Now always put on your taxes that you put $10k into the church basket over the year. Other than that idk

The 1% pay more than a third of all income tax.

The rich arent rich from income, jew rat

>you no allowed to make money
>gib me half your linkies it not fair you bought linkies for yourself and not me
Communists are the women of men.

My point is your jew deflecting. Its like concern trolling. The rich care ONLY about capital gains tax, not income tax. Youre here pretending to cry about something if you are the rich. Misdirection

And if somehow youre being genuine you should realize the only reason people should want to raise capital gains would be to totally eliminate unfair taxes, including income

In most countries the income tax isnt the highest actual taxation.
Please keep in mind that inflation is the biggest tax of all in almost all countries (except Japan for example).
Apart from inflation you also pay tax every time you buy something, even if your income is 0 or 100% free of tax.
Even if there was a country that had actually 0 taxes you would most likelly still pay tax through imported goods.

t. economics master

taxhavens.org/offshore-trusts/nevis-trust/

basically this

tax optimization comes from maximizing your costs and minimizing your income
amazon does this and so do most rich people

What you're describing is fraud. Yeah, you can probably get away with it, but if you ever get audited, I hope you enjoy being Jamal's new boytoy.