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To: laxcoach

“wealthy are mostly low tax payers”

Probably what she meant is that their tax rate was lower. The wealthy still pay lots in taxes.


20 posted on 06/25/2019 8:18:17 PM PDT by plain talk
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To: plain talk

Yes and no. Their taxes are based on investment income. Many use tax free bonds. Many sell the loser stocks at year end to offset the winners.

Now on a billion - yes they pay taxes. On “mere” millions of principle - it’s easier to limit tax liabilities.


23 posted on 06/25/2019 8:24:21 PM PDT by laxcoach (Government is greedy. Taxpayers who want their own money are not greedy.)
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