4 Easy Ways You Can Avoid Paying Taxes, Just Like Rich People Do Visit Liberal America to read more

[Omaha Steve]

Written by my long time friend Tom Hunter OS

http://www.liberalamerica.org/2013/08/21/4-easy-ways-you-can-avoid-paying-taxes-just-like-rich-people-do/





Aug 21, 2013 Posted by Tom Hunter

For decades, the wealthy have been cheating American taxpayers. Here are four ways rich people avoid paying taxes and keep getting away with it.

For decades, the wealthy have been cheating American taxpayers. Here are four ways rich people avoid paying taxes and keep getting away with it. If you actually believed the rich and the Republicans, you might think they are suffering. Nothing could be farther from the truth. In myriad ways, the wealthy have been cheating all decent taxpayers. Let’s take a stroll through some of the many ways rich people avoid paying taxes, while pretending they pay anything close to their fair share, and stomping around loudly as if they weren’t getting away with a big scam. But where do we start?

(1) Rich people avoid paying taxes, while complaining about ‘unfair’ rates

One of the most common noises made by the wealthy — with the complicity of the Republicans — is that they pay unfair amounts of income taxes. In fact, rich people avoid paying taxes on most of their income. That’s right, while the wealthy whine about their supposedly inflated tax rates, they don’t even come close to paying even their fair share. But how do they do this?

They shift their money to capital gains, which is taxed at a rate of only 15%. But even that is too high for them.

They create shell companies in offshore tax havens like the Cayman Islands and move their money offshore.


FULL story at link: http://www.liberalamerica.org/2013/08/21/4-easy-ways-you-can-avoid-paying-taxes-just-like-rich-people-do/