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The More You Know

How The Rich Avoid Paying Taxes [Infographic]

9:45 am, February 15th | by Sarah Devlin


Happy tax season! As you scramble to assemble your W2s and 1099s and pray for a refund, just know that people many millions of dollars richer than you are hard at work making sure that they don’t have to pay taxes on their enormous incomes. This infographic from Top Accounting Degrees breaks down the many creative ways in which rich people’s money can avoid the clutches of the tax man. Take a look, though you should know that this might make you resent David Bowie. Don’t say we didn’t warn you.


Source: TopAccountingDegrees.org

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  • Anonymous

    That Carnival cruise ship is part of a tax dodge – it is registered in the Bahamas for that reason. The money spent rescuing these people is coming from tax payers, though.

  • Anonymous

    Why would you be taxed for giving or receiving money as a gift? The money was already taxed?

    Another thing is, wages are NOT income and should not be taxed. Income is gains from investments. Watch “From Freedom to Fascism.”

  • Anonymous

    Those are some neat thoughts but I don’t think we get to define income, dear Dave, that’s for the IRS whether we like it or not.

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