Comment by lesuorac
20 days ago
How is creating your own ETFs to avoid paying taxes low effort?
I mean, it's very low effort to have somebody else do all the work. But you'll never see a self-employed electrician creating an account in the Cayman Islands to avoid taxes.
You'll see a load of people on benefits being tax-negative, though. If paying taxes is your measure, then an honest assessment of who pays taxes wouldn't land you at the ultra-rich.
Self-employed electricians don't have enough money to need Cayman Islands accounts (many software engineers on FAANG salaries, on the other hand, do, and plenty are already experts in "corporate" tax optimization). Self-employed electricians instead do half their work for cash, and procure materials from untaxed sources.