How The Super-Rich Avoid Paying Taxes

If you're one of the 1% of Americans who control over 40% of the country's wealth, life is full of choices. Among them - how best to keep all that money away from the government? The U.S. economic system offers no shortage of loopholes allowing the ultra-rich to shortchange Uncle Sam. The following infographic explains how exactly do the super rich hide that much money from the government every year?

Source: TopAccountingDegrees.org

Comments

[DTCC 1999]

Hard to grow strong without compounding your returns.  One US based investment focused CPA shared that if you start investing with one dollar and double it every year for 20 years you will have over a million.  If it is taxed 35% every year the total will be under 24K after the 20 years.

[MedicalQuack]

Get yourself educated and watch the videos at this link on how models and math control all and keep inequality growing.  The President's job council failed good example right there.  This is called the dark side here and I don't know how much longer politicians and lawmakers can go with being bliss and ignorant.  Here's the link of my curation with people smarter than me.  You better listen to folks that write code as that's where it's at.    All have been Algo Duped and again spend the time, watch the videos and you will have a better understanding as you will not see this in the normal media as the OMG still takes top run. 

http://www.ducknet.net/attack-of-the-killer-algorithms/

Models and algorithms are being used out of context and the data is getting more flawed by the day and they don't care they sold us and we are on our own ticket to fix it as we can't get a house, car or whatever and consumers are the free labor captive audience, data analytics out of context hurts. The machines are moving the money to the 1%.  Lip service and promises don't help until this is corrected. 

http://ducknetweb.blogspot.com/2012/11/big-dataanalytics-if-used-out-of....

To help in the effort I propose licensing and excise taxing the data sellers so consumers have a "look up" site on the web to see who sells data, what kind of data to they sell , and who or what industry do they sell to.  Pay attention here as billions are made selling data and this hurts the tangible industries which we need for jobs.  We need both tangibles and intangibles but it is out of balance right now and companies will hire a couple geeks, write some algorithms, create a report and sell that data.  Here's a good example on even how investors get bilked with a complete fictitious generic drug company was created.  If it's on the web it must be true...not.  Pay attention as this is the area we need to address to bring jobs and manufacturing back to the US. 

http://ducknetweb.blogspot.com/2013/02/genmed-fake-generic-drug-company....

[thisandthat]

Go Corporate with It

This is what everyone should be doing, including unions, etc. - become your own personal/family/collective corporation and license your services as a corporate partner, rather than being a corporate asset, as an employee. That if you want a level enough play field to even have a chance of succeeding.

This is a capitalist society, after all, so it's obviously biased in benefit of capitalists. Instead of trying to fight/make it with extraneous concepts such as religious morals, or socialist solidarity, and get trounced and laughed at at every attempt, what people should be doing is play by it's own rules an beat them at their own game.

If you can't beat them, join them, they say...

[and so on...]

You missed the biggest one. Donate money through a PAC to your favorite Congressman who will add a special last minute line item to whatever legislation is before him, granting special, nontransparent, and exclusive treatment for that one and only one corporation.

[RKDS]

What I want to know is: if the wealthy who control the government are hiding at least $21T hidden offshore, why can't taxes on them solve that same government's $16T national debt?

[dolph9]

For the little people there's not much they can do except try to survive in the cash economy, or go on benefits.

The real suckers are the alarm punching working and middle classes who believe in the system and go into huge amounts of student, auto, and home debt, dutifully pay it off, dutifully pay their taxes, put their savings into 401ks, and "volunteer" to waste their time doing stupid shit.