In a nutshell
In a nutshell
22 comments
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My retirement is going to take 30 years to make it where it needs to be at 8% buuuut the rich get to avoid 37% tax annually.
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Tax avoidance*
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Yes. Tax evasion is a crime. Tax avoidance is paying only the taxes you’re legally required to pay.
If you’re going to blame someone, blame the legislators who created really complicated tax codes with a million different exemptions, loopholes, carveouts, and rebates. Very simple tax systems don’t have these issues so no one ends up paying more than they owe.
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Couldn't be more wrong, if it tried.
22 comments
I think you're missing that someone gave them money at some point, usually their parents.
Yeah and then they evade taxes
That's usually how they evade taxes.
Are they successful or corrupt/nepo baby?