How the rich avoid paying taxes

I understand stand how they avoid paying any taxes. They borrow money: your and minds, from banks against their asset value paying as low as 3.45 percent annually. As opposed to the 39.6 percent which is now 37%. Then have the nerve to call someone a freeloader. A working man like myself is funding their endeavors while they complain about us.

Long term capital gains is 24%

The idea that the rich somehow pay less taxes than the poor or middle class is pure fiction. According the IRS, the top 1% own 20% of Americas wealth and pay 40% of the taxes. Meanwhile, the bottom 40% own 20% of America's wealth and they pay less then 3% of America's taxes. If his secretary earns enough to be in the 30% bracket, she is an amazingly well-paid secretary. That is the top bracket. Capital gains should be 0% because it is all money that has already been taxed.

Here i am bearly making 52k a year working 3 jobs yet i had to pay your repay which is $5,500 on my taxes in 2025. Which is basically 15x times more than theses rich basters including Trump who only paid less than $2.50 bucks total on all his whole taxes in 2026

Thank you

I love when I hear pay complain about the rich not paying taxes (its usually directed about Musk and Trump). I laugh because firstly, they have no idea what they're talking about. They don't know how they avoid taxes yet they complain about it anyway. Secondly, they act as if they'd just voluntarily donate millions and millions of dollars per year to the frickin government out of the kindness of their hearts, if they were rich. And thirdly, they refuse to believe that Musk pays more taxes than just about anybody in America. He was the #1 highest taxed person in America in 2021.
Don't hate the player, hate the game. But also, the game is designed the way it is for a reason, not just to benefit rich people.

"If you're without a home, simply purchase a house" that woman's statement is much more understandable now 😃

spank the banks

Just know Elon the richest man gets our money by government funding

OK when he says he pays less tax than his secretary he's saying he pays a smaller percentage. He still pays way more tax.

As admirable as it is that he wants to pay more taxes. I mean how much more? Does he want to pay half his wealth? That's hard to track down considering all the work that goes into protecting it. There are so few rich people that just paying more than the middle class won't be that much. It depends on how much more and the billionaires are so few in number that even then it's unclear if it would help. Besides that we have the government middle man getting it's cut. Will anything actually trickle down to normal people? Maybe they should get out of paying taxes by creating jobs. That would actually help everyone. If the rich really want to help the little people then get rid of minimum wage so everyone can get a job. Minimum wage didn't exist before and while there used to be poor people there wasn't mass homelessness. Minimum wage creates a barrier to entry. All it does is protect skilled workers from losing their jobs. It encourages companies to hire fewer people and streamline their companies with technology. Computers have been replacing people for years but with AI it's another leap forward in firing people. But the billionaires benefit because they get a larger cut of the profits. They don't have to pay as many salaries. Minimum wage is like the gym or medicine. It's unpleasant for them at first but it pays off because they figure out how to do more with less.

Jeff needs to be forced to paid taxes

The rich will never let you vote away their wealth. The wealth of the billionaires must be expropriated by the working people or there's no chance of you seeing that lost labor value ever again.

How is income tax? Even a real word?

It’s wild that working harder can mean paying more tax than owning assets.

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Tax the stocks, if you have enough to invest in it you should be taxed on it…it’ll definitely sort itself out quickly 😂

The rich should pay taxes and politicians

You should do one on how women avoid paying taxes

Im a working class Republican and I support our billionaires. They earned their money fairly and contribute by creating jobs. All the people whining about the economy need to work harder and stop relying on handouts.

Im a working class Republican and I support our billionaires. They earned their money fairly and contribute by creating jobs. All the people whining about the economy need to work harder and stop relying on handouts.

The wealthiest 1%, earned 14% of the income and paid 35% of all individual income taxes. By comparison, the bottom 60% of all taxpayers earn 28% of all income and pay just 1% of all individual income taxes.

Tax money isn't used properly anyway

I respect these two rich and billionaires guys trying to pay more taxes.

It's worse than that because rich also own most of their assets via LLCs and use pre tax money to pay for helicopters or large vacation homes as businesses and deduct all the exspenseses. By far the worst thing to build wealth a person can do is have a highly paid W2 job you will pay extremely high taxes and prob need to live in a very exspensive area.

I left my highly paid W2 tech job and bought a farm and I build 3x the wealth per year and pay 60% less tax as I only pay myself a small salary and the farm LLC owns my homes and it's part of the farms exspenseses to pay for my house and truck as a fridge benefit. If I wanted to own same farm with w2 job I would need to make $400k and I pay myself $35,000.

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Gates, Buffet, Musk and Zuckerberg combined pay more taxes in a year than 1,000,000 average Americans pay!

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They don't avoid paying tax, they find loopholes to pay less big diffrence

I love wealthy people!

Loans Aren't Taxable!

Get rid of income tax and capital gains tax. Then tax the fed reserve and make retroactive going back to 1913

This bug needs to be fixed vro, what are the devs doing!

But if you borrow, don’t you still have to pay the loan back? Why now just take an income instead of paying a loan?

I would like an updated version

Sure you can tax the rich more... but how about our government spends our taxes more effectively, efficiently, have it itemized for everyone to see, and simply stop wasting it on random stuff like, oh our department must spend all their budget in order to get more budget next year... how does that work?! or the Minnesota Somali tax fund corruption... or bailing out banks, airlines, etc... or whatabout those so called tariffs... lol... No wonder our country is in debt...

I guess the real question here is how the rich allowed to avoid paying taxes?

Or just get rid of income tax altogether.

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This is a good example of how the system treats assets differently from salaries. Most people look at rates, not structure.

Our system is rigged. To change it you have to go through the gate keepers who are being paid by the rich to keep the status quo.

Warren must be paying his secretary well if she’s in the highest tax bracket