Comment by killjoywashere
5 days ago
No but their earnings are mainly in their companies, and those can hire fleets of tax attorneys and accountants to crush their tax burden.
Once the money is in stocks, it doesn't get taxed unless you draw on it, but the billionaires can use strategies like buy, borrow, die (which last I checked only really works if you're north of ~ $300M) to avoid personal taxes.
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