Discover and share stories

of adventure, connection, and change making.

Think this is good?

How The Super Rich Avoid Paying Taxes

edgarrr

The U.S. economic system offers no shortage of loopholes allowing the ultra-rich to shortchange Uncle Sam.

Tax rates for those making >$1 million level out at 24%, then declines for those making >$1.5 million. Those making $10 million a year pay an average income tax rate of 19%. $70-$100 billion is the estimated tax revenue lost each year due to loopholes. So how exactly do the super rich hide that much money from the government every year?

Continue to topaccountingdegrees.org

Inappropriate?

Discuss

  1. {{attachment.file.name}}

Ready to post! You’ve uploaded the maximum number of images.

Oops! Nice pic, but it’s just not our (file) type. Please try uploading a .jpg or .png image.

Well, this is embarrassing. Something went wrong when posting your comment. Care to try again?

That image is too large. Maximum size is 6MB.

Posting comment...