Bigga
Well-Known Member
I have a feeling most of them feel like they pay lots of taxes and we have progressive rates that make higher earners pay progressively more of their income, but a billionaire will never be anything other than a **** on here no matter what they pay!
Now, if there is a billionaire who is not paying the taxes the law demands, we have laws to take care of that and I hope they use them to the maximum effect. But, the notion ANYONE should pay more tax than the law demands strikes me as ludicrous, no matter how much money they have!
Many billionaires give away millions (and billions) of their wealth to great causes and their philanthropy helps create a better society. They should be lauded, not denigrated.
Conversely, many do not, but they shouldn’t be brow beaten into believing they shouldn’t have amassed their fortunes or should give it away to the tax man.
Personally, I feel like I pay plenty of taxes, I use an accountant so they’re done correctly the first time, and I will continue to try not yo pay more than I have to.
I’m not a billionaire, though, so I hope that doesn’t make me a ****?!
"How billionaires use charity to avoid taxes?
Many charitable organizations set up by billionaires are tax-exempt, and charitable donations are tax deductible. You can completely control when to make a donation, and of what size, depending on how much taxable income you have in a given year; it's a nimble method of offsetting taxes."
There's always a reason for these things and there's loads of 'legal' ways to avoid taxes:
And Here are Just a Few Examples...