The Real Reason Why Rich People Don't Pay Taxes #rich #avoid #tax #avoidtaxes

How the rich avoid taxes. Why the rich don't pay taxes. Did you know that the richest 1% of Americans now pay a lower effective tax rate than the average middle class? There are a few reasons why the rich don't pay taxes. One is that they have access to tax loopholes that the average person doesn't. These loopholes allow them to deduct expenses from their taxable income, which reduces their tax bill. Another reason is that they often earn their income in the form of capital gains, which are taxed at a lower rate than ordinary income. The complexity of the US tax code makes it difficult for the IRS to audit wealthy taxpayers, which in turn gives them the opportunity to find even more tax loopholes. What are your thoughts about this? Tell us in the comments below. #rich #avoid #tax #avoidtaxes