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TheBlackAdder

(29,454 posts) Fri Apr 18, 2025, 03:01 AM Yesterday

How billionaires scam the tax system and even dodge 6-8% state income tax in the end.

https://www.youtube.com/shorts/cayA3DCd2XA

What a fucking scam. Bezos moved to Florida, not to be with his dad, it's to dodge taxes.

2 replies

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Highlight:

How billionaires scam the tax system and even dodge 6-8% state income tax in the end. (Original Post) TheBlackAdder Yesterday OP

This is done out in the open WSHazel Yesterday #1

Kind of a misleading video really. Callie1979 Yesterday #2

WSHazel

(316 posts)

1. This is done out in the open

Reply to TheBlackAdder (Original post)

Fri Apr 18, 2025, 03:02 AM

Yesterday

It is not like they are hiding in the shadows. America keeps electing Congressmen that will help some (but not all) billionaires pay virtually no taxes.

Callie1979

(652 posts)

2. Kind of a misleading video really.

Reply to TheBlackAdder (Original post)

Fri Apr 18, 2025, 07:19 AM

Yesterday

He's still paying sales tax whenever he buys something.
And NO bank will let you borrow 100000$ against 100000$ worth of stock. MAYBE 40-50%. Sure, he's rich enough in stock to be able to borrow as much as he wants, but look at Musk. HIS stock has tanked to a level where if he had borrowed against it he's likely gotten called on it.
Also, any yield is still taxable as well.
You cant start taxing people based on their stock wealth because of the domino effect that would create as well as the fluctuation in price

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